Platinex Inc. wishes to provide an update on various activities that the Company has been pursuing. Oregon Projects Update As announced in the press release in January 31, 2018, the Company has closed an acquisition of a royalty interest in Dave's Space Cakes LLC , a company which owns the intellectual property to a line of cannabis-infused brownies and an acquisition of a 51% interest in Intergalactic Foods LLC , a [...]
TORONTO, Aug. 02, 2018 -- Platinex Inc. announces that Mr. Bruce Reilly and Mr. Mark Scarrow have resigned as officers and directors of the Company. President and CEO of Platinex, Walter Henry, stated “At this time I wish to thank Mark Scarrow and Bruce Reilly for their service to the Company, helping it through the initial stages in its cannabis investment strategy and stepping aside to allow management and board [...]
TORONTO, May 16, 2018 -- Platinex Inc. , announces the appointment of current Director Walter Henry as the Company’s new Chief Executive Officer effective May 15, 2018. Mr. Henry succeeds James Trusler, who will remain with the Company and continue to serve as Chairman of the Board of Directors. Platinex’s Board of Directors is confident this change of leadership will enhance the Company’s position as a [...]
TORONTO, April 04, 2018 -- Platinex Inc. is pleased to announce that the Company has signed a letter of intent to acquire a 51% interest in Glas Huis Inc. , an award-winning craft cannabis cultivator and extracts manufacturer in the State of Oregon . Transaction Overview Platinex has entered into an LOI to acquire a 51% interest in Glas Huis, an Oregon-based cannabis company specializing in the production of premium [...]
TORONTO, March 21, 2018 -- Platinex Inc. announces that the Company’s investee, Intergalactic Foods, LLC , has received a processing license from the Oregon Liquor Control Commission , which allows it to begin producing marijuana-infused products and wholesaling these products to licensed distributors and dispensaries throughout Oregon. As previously announced, Platinex has acquired a 51% interest in IGF and has [...]
Platinex announces execution of a shares-for-debt settlement transaction of cumulative overdue advance royalty payments in which Platinex will issue 292,307 common shares at a price of $0.13 per share to Skead Holdings Ltd., in connection with the Shining Tree property. The advance royalty settlement comprises an aggregate amount of $73,000, which includes a $35,000 payment in cash. Previous exploration has revealed a [...]
Platinex announced today that it has changed its auditor from Mahendra CA Professional Corporation to UHY McGovern Hurley LLP. The Former Auditor resigned as auditor of the Company effective January 26, 2018 and the board of directors of the Company appointed the Successor Auditor as the Company’s auditor effective today, until the next Annual General Meeting of the Company. The Company is grateful to Mahendra CA [...]
TORONTO, Jan. 31, 2018 -- Platinex Inc. announces that it has closed its previously disclosed acquisition of a 51% interest in Intergalactic Foods, LLC and its previously announced investment into a marijuana infused edibles brand company, Dave’s Space Cakes, LLC . IGF is a Marijuana Infused Products company that is currently in the final stages of obtaining a Processor License with the Oregon Liquor Control [...]
TORONTO, Jan. 09, 2018 -- Platinex Inc. announces the appointment of 1407535 Ontario Limited, a company wholly owned by David Posner, to provide Investor Relations Services on behalf of Platinex and various compensation warrant transactions. Platinex has agreed to pay 1407535 Ontario Limited a fee of $5,000 per month, for an initial period of six months which may be extended at the mutual agreement of the parties for a [...]
TORONTO, Dec. 18, 2017 -- Platinex Inc. is pleased to announce an update on its cannabis transaction announced in the press release date November 9, 2017, and further details regarding plans to pursue additional acquisitions in Oregon and California. Update on the Acquisition of the Cannabis-Infused Edible Brand and Establishment of the Co-Packing Business The Company is pleased to report that it has taken steps to [...]
TORONTO, Dec. 13, 2017 -- Platinex Inc. announces a proposed shares-for-debt settlement transaction in which Platinex would issue 138,888 common shares at a price of $0.09 per share to Skead Holdings Ltd., and Ashley Gold Mines Limited in connection with the settlement of an option payment respecting the Shining Tree property. The option payment comprises an aggregate amount of $25,000, which includes a $12,500 payment in [...]
Platinex Inc. has completed the second and final closing of its previously announced non-brokered private placement, issuing an additional 3,450,000 units on November 30, 2017 for aggregate gross proceeds of $172,500. A total of 8,655,000 Units were issued on November 15, 2017 for aggregate gross proceeds of $427,500 , resulting in a total of 12,000,000 Units issued and aggregate gross proceeds of $600,000 under the [...]
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