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News Release
July 8, 20210

extractX Partners with Canada’s Agricultural Clean Technology (ACT) Program

extractX Partners with Canada’s Agricultural Clean Technology (ACT) Program

$1.48 million in funds highlighted for extractX Inc.

The morning of July 7th, 2021 was exciting for extractX Inc. and the Government of Canada as Parliamentary Secretary Neil Ellis and the Member of Parliament for Niagara Centre, Vance Badawey joined our team to announce that they have highlighted funding of up to $1.48 million from the Agricultural Clean Technology (ACT) Program.

The ACT Program aims to foster an environment for the development and adoption of clean technologies that help cut greenhouse gas (GHG) emissions and improve energy efficiency, promoting sustainable and clean growth that helps meet Canada’s climate change goals.

“Canada’s agriculture and agri-food sector continues to innovate to reduce the environmental impact of its practices. By investing in clean technologies, we are contributing to a smaller carbon footprint and a better future, while supporting businesses like extractX so they can help grow the local economy and the agriculture sector as a whole.“

– Vance Badawey, Member of Parliament for Niagara Centre 

Read Agriculture and Agri-Food Canada’s news release to learn more about the announcement.

Government of Canada supports cutting edge biotechnology company

extractX Inc. was highlighted for this funding because of our commitment to sustainable extraction processes. Our ethanol-based extraction labs help reduce greenhouse gas emissions compared to other processes commonly used in the industry. Our commitment to building mobile extraction labs with the lowest carbon footprint helps Canada’s agriculture and Agri-Food sector in the fight against climate change.  

The Government of Canada has been incredibly supportive throughout the process so far, going above and beyond to help us secure the ACT Program funding to complete the research and development of our extraction labs. We are confident and excited about our relationship with Agriculture and Agri-Food Canada, and truly see them as partners in continuously adopting more environmentally friendly practices and energy efficient technologies and remain leaders in our industry.  

To learn more about the Government of Canada’s Agricultural Clean Technology Program, visit their website here.

extractX Mobile Labs

If you’re in the business of growing cannabis or hemp, or producing THC or CBD distillate products and care about your carbon footprint and GHG emissions while building and operating an extraction lab, reach out to extractX today to learn about our full range of mobile lab solutions, and the benefits of our extraction-as-a-service business model.

News Release
December 2, 20200

extractX and Tri-Media AGM Results

extractX Announces Results of Annual and Special Meetings of extractX Inc. and Tri-Media Integrated Marketing Technologies, Inc.

Toronto, ON – December 2, 2020

extractX Inc. (“extractX” or the “Company”) today announced the results of both Annual and Special Meetings of extractX and Tri-Media Integrated Marketing Technologies, Inc. (“Tri-Media”).

Voting Results of the Annual and Special Meeting of extractX held on Thursday, November 26, 2020

With 100% cast in favour, shareholders of extractX (“eXi Shareholders”) approved the amalgamation of extractX with 12491613 Canada Inc., a newly formed company (“Subco”) which is a wholly-owned subsidiary of Tri-Media pursuant to which extractX and Subco will amalgamate (the “Amalgamation”) and continue as one corporation (“Amalco”) and eXi Shareholders will receive Tri-Media shares in exchange for their extractX shares.

eXi Shareholders re-elected four (4) directors to the board at the meeting: Collin Stone, Albert Iannantuono, Keith Cumming, and Geoffrey Martinak.

The results of the vote on the election of the Board of Directors are as follows:

extractX Voting Information

Additionally, resolutions approving the following additional matters were passed at the meeting:

  • Fixing the number of directors to be elected at four (4) passed with 100% of votes cast in favour.
  • Appointing Jones & O’Connell LLP as auditors of the Company passed with 100% of votes cast in favour.

Voting Results of the Annual and Special Meeting of Tri-Media held on Monday, November 30, 2020

With 100% of votes cast in favour, Tri-Media is authorized to complete a business combination with extractX and to rename the Corporation as EXTRACTX INCORPORATED or a similar name wherein shareholders of the private company extractX will receive one (1) common share of the resulting issuer for each one (1) common share presently held, and nineteen (19) common shares of the resulting issuer for each one (1) common share presently held if the share consolidation is not approved or not completed. Completion of the transaction is subject to the lifting of a cease trade order against Tri-Media.

The shareholders of Tri-Media re-elected five (5) directors to the board at the meeting: Albert Iannantuono, Rick Dillon, Andrew Bailey, Keith Cumming, and Wilmer Otto.

The results of the vote on the election of the Board of Directors are as follows:

Tri-Media Voting Information

Additionally, resolutions approving the following additional matters were passed at the meeting:

  • Fixing the number of directors to be elected at five (5) passed with 100% of votes cast in favour.
  • Appointing Jones & O’Connell LLP as auditors of the Company passed with 100% of votes cast in favour.
  • Approval and ratification of the continuation of the existing stock option plan passed with 100% of votes cast in favour.
  • The consolidation of Tri-Media’s issued and outstanding common shares on the basis of one (1) new share for nineteen (19) existing shares, or such lesser consolidation ratio as the Board of Directors, in their sole discretion may approve between the range of one (1) new share for one (1) existing share and one (1) new share for nineteen (19) existing shares passed with 100% of votes cast in favour.
  • The name of Tri-Media being changed to “EXTRACTX INCORPORATED” or such other name as the board of directors of the Corporation may approve was passed with 100% of votes cast in favour.

About extractX

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, turn-key extraction laboratories to service cultivators and producers wherever and whenever the service is needed, onsite and on demand anywhere in the world.

For further information

Investor Relations
extractX Inc.
Tel: 1-800-468-4105 ext. 3
Email: ir@extractx.com
Web: www.extractx.com.mx

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