Ann: Successful MXC First Cannabinoid Production, page-2

Headlines:

First Cannabinoid Extracts Successfully Produced
• MXC’s first cannabinoid extracts have been produced at its newly operational European
Extraction Facility
• First successful production is achieved ahead of scheule – comercial production target Q3
• Good Manufacturing Practice certification is expected to achieved in the coming months,
enabling the production of Investigational Material and API to commence
• Demonstrates the operational success of the Facility, and MXC’s ability to capture the full
value chain in the medicinal cannabis industry
• Panax growing operations at the Institute of Experimental Botany of the Academy of
Sciences (IEB AS) remain on schedule