extractX Ltd. Announces Change of its Chief Financial Officer

extractX Ltd. Announces Change of its Chief Financial Officer

Niagara, ON April 21, 2023

extractX Ltd. (“extractX” or the “Company”), – announced today that George Barkwell will be ending his tenure at extractX as Chief Financial Officer as his time will be limited as he pursues slowing things down and other opportunities. George has been an integral part of the extractX team since joining the company in 2020 and has contributed greatly to the company’s success.

The extractX Board of Directors would like to express their sincere gratitude for George’s contributions over the past 3 years and wish him the best in his semi-retirement and future endeavors.

The timing is good, for George to move on as we are experiencing a slow period. We thank George for his leadership, professionalism and dedication to extractX. He has been instrumental in helping us reach many of our goals. We wish him all the best and are grateful he will still be able to advise, as may be necessary” said CEO Albert Iannantuono.

Albert Iannantuono will serve as INTERIM CFO, until the time is right to bring on a full-time professional.

About extractX Ltd.

extractX designs, builds, and assists in operations of 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 contact:

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