Cease Trade Order Issued for extractX Ltd.

Cease Trade Order Issued for extractX Ltd.

Niagara, ON November 7, 2023

extractX Ltd. (“extractX” or the “Company”), – announced today that a Cease Trade Order (the “CTO”) has been issued by the Financial Consumer Affairs Authority (FCAA). The CTO was issued as a result of a delay in the filing of the Corporation’s audited annual financial statements, accompanying management discussion and analysis, and certifications for the financial year ended September 30, 2022, and the corresponding interim financial statements, management discussion and analysis, and certifications for the period ended December 31, 2022, March 31, 2023, and June 30, 2023 (collectively, the “Required Records”).

The Company continues to operate normally without disruption during the CTO and is working diligently and expeditiously with its auditors to complete the Annual Filings as soon as possible.

About extractX Ltd.

extractX designs, builds, and supports industrial scale self-contained mobile extraction laboratories equipped with the most effective and reliable equipment, allowing for efficient 24/7 operation, and unlimited scalability to meet the demand of any size operation. Built to GPP/GMP/EU GMP standards, extractX purpose builds mobile extraction laboratories to service biomass cultivators and producers wherever and whenever the service is needed to, onsite and on demand anywhere in the world.

Forward-Looking Statements

Certain statements contained herein constitute forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. Such statements include, without limitation, statements regarding business and financing, business trends and future operating revenues and expenses. Statements regarding the aforementioned are based on several assumptions and are not to be considered fact. Although extractX Ltd. believes that the statements are reasonable, it can give no assurances that such expectation will prove to be correct. Investors are cautioned that any forward-looking statements made by extractX Ltd. contain no guarantee of future performance and that actual results may differ materially from those set forth in the forward-looking statements. For additional information see the reports filed by the company in its securities filings with applicable securities regulators (currently available at www.sedar.com).

Unless otherwise required by applicable securities laws, extractX Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For further information

Albert Iannantuono, Co-CEO
extractX Ltd.
1027 South Pelham St Unit 2,
Welland, Ontario, L3C 3E2
Tel: (905) 327-5313
Website: www.extractx.com