#Cannabis #Stock News: Phyto Extractions(TM) (CSE: $XTRX.C) (Frankfurt:D2EP) Engages Independent Trading Group Inc. for
Market-Making; @adastra_labs
LANGLEY, BC April 26, 2021 – Investorideas.com Newswire - Phyto Extractions Inc. (formerly, Adastra Labs Holdings Ltd.) (CSE:XTRX) (Frankfurt: D2EP) ("Phyto Extractions™" or the "Company) is pleased to announce that it subject to regulatory approval, has retained Independent Trading Group (ITG) to provide market-making services in compliance with the policies and guidelines of the Canadian Securities Exchange (CSE) and other applicable legislation.
Read this news, featuring
XTRX in full at https://www.investorideas.com/CO/XTRX/news/2021/04262Independent-Trading-Group.asp
ITG
will trade shares of Phyto Extractions Inc. on the Canadian Securities Exchange
(CSE) and other trading venues with the objective of maintaining a reasonable
market and improving the liquidity of Phyto Extractions Inc. Under the terms of
the agreement, ITG will receive $5,000 per month payable on the first business
day of each month. The engagement is effective Apr. 26, 2021, and has an initial
term of three months. Thereafter, the engagement will automatically renew for
successive one-month terms until terminated by either party upon 30 days prior
written notice. There are no performance factors contained in the agreement,
and ITG will not receive shares or options as compensation.
About Independent
Trading Group (ITG)
ITG
is an independent, privately-held broker-dealer based in Toronto, Ont., that
provides a wide range of financial and investment services, and is registered
with the Canadian Securities Exchange, NEO, Toronto Stock Exchange and TSX-V
along with the Investment Industry Regulatory Organization of Canada (IIROC).
About Phyto
Extractions™
Phyto
Extractions™ is an agricultural-scale cannabis extraction, distillation and
product manufacturer located in Langley, BC at its co-located Health Canada
Licensed Standard Processing (extraction and products, no cultivation), Sales
(extracts, topicals, and edibles), and R&D through Adastra Labs Inc. and
Analytical Testing Laboratory through Chemia Analytics Inc.
ON
BEHALF OF THE BOARD
PHYTO
EXTRACTIONS INC. (CSE: XTRX)
Contact:
J. Scott Munro, President, CEO & Director (Chairman)
Phone:
(778) 715-5011
Email:
scott@adastralabs.ca
Forward-Looking
Information:
This
news release includes forward-looking information within the meaning of
Canadian securities legislation, concerning the business of the Company.
Forward-looking information is based on certain key expectations and
assumptions made by the management of the Company. Although the Company
believes that the expectations and assumptions on which such forward-looking
information is based are reasonable, undue reliance should not be placed on the
forward-looking information because the Company can give no assurance that they
will prove to be correct. Forward-looking information in this news release
includes statements with respect of the proposed name change, proposed
consolidation, the closing of the private placement and the use of proceeds
thereof. There are numerous risks and uncertainties that could cause actual
results and the Company's plans and objectives to differ materially from those
expressed in the forward-looking information, including: (i) adverse market
conditions; (ii) risks inherent in the cannabis extraction sector in general;
(iii) inability to close the private placement for any reason, or in the
amounts expected by the Company; and (iv) other factors beyond the control of
the Company. There can be no assurance that ITG market-making services will
result in increased trading, liquidity or share price. Actual results and
future events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the dates they
are made and are expressly qualified in their entirety by this notice. Except
as required by law, the Company does not intend to update these forward-looking
statements.
The
CSE has not reviewed or approved of any contents of this news release.
SOURCE:
Phyto Extractions Inc.
Phyto
Extractions Inc. (CSE:XTRX) (Frankfurt:D2EP) is a featured Cannabis stock on
Investorideas.com
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