extractX Ltd. Announces the Signing of Four Letters of Intent

extractX Ltd. Announces the Signing of Four Letters of Intent

Niagara, ON February 15, 2023

extractX Ltd. (“extractX” or the “Company”), – announced today that they have signed Letters of Intent (“LOI”) for the supply of four mobile extraction laboratories planned for use in biomass extraction of Hemp/cannabis.

extractX has developed strong relationships with three companies active in the global cannabis market. These companies have all signed LOIs with extractX for the supply of an extractX Mobile Lab in their planned EU GMP compliant facilities. The companies include Endopure in Viseu, Portugal; Sunset Trading in Western Cape, South Africa, and Jaguar Falls that has two locations planned in each of Antoquia and Bogota, Colombia.

We are excited about advancing these opportunities, and are working closely with each of these companies to move toward final contract stage, where we can then deliver the extractX world class – pharma grade labs” stated Albert Iannantuono, Co-CEO of extractX Ltd.

About extractX Ltd.

extractX designs, builds, and operates 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, 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
Web site: www.extractx.com