TORONTO, Dec. 10, 2018 (GLOBE NEWSWIRE) — MPX Bioceutical Corporation(“MPX” or the “Company”) (CSE: MPX; OTC:MPXEF) announced that GreenMart NLV, LLC (“GreenMart NLV”), a subsidiary of MPX, has been awarded four conditional retail marijuana store licenses in the state of Nevada.
The jurisdictions granted by the state include: The City of Las Vegas, Unincorporated Clark County, Reno, and Henderson. GreenMart NLV is a fully-operational cultivation, production and kitchen facility that produces MPX-branded wholesale products for both the adult-use and medical markets in Nevada. The new dispensaries will operate under the “Health for Life” brand, which is the Company’s flagship retail brand.
We are excited to be able to execute on our growth strategy by adding to our market share in Nevada. Opening dispensaries is the final step towards becoming a full, vertically integrated cannabis company in the state. These four licenses add incredible scale to an already strong foothold.
Beth Stavola, COO of MPX
The “Health for Life” brand enjoys success in Arizona, Maryland and soon-to-be Massachusetts. Now, patients and customers in Nevada can look to the Health for Life line of dispensaries for consistent, quality products from reputable, educated sales associates.
Nevada recorded more than half a billion dollars in cannabis sales during the first year that adult use was legal, according to the Nevada Department of Taxation, exceeding many expectations.
In October, MPX announced its intent to merge with iAnthus Capital Holdings Inc. (“iAnthus” or the “Company”), (CSE: IAN, OTCQX: ITHUF). With these new licenses, the combined entity, excluding MPX International, will account for operations and cannabis licenses in 10 states that will permit it to operate 60 retail locations and 14 cultivation/processing facilities.
About MPX Bioceutical Corporation
MPX, through its wholly-owned subsidiaries in the U.S., provides substantial management, staffing, procurement, advisory, financial, real