Total revenue of $6.9 million and adjusted EBITDA of $3.7 million Fiscal 2018.
Cannex Capital Holdings Inc. (“Cannex” or the “Company”) (CSE: CNNX; OTCQB: CNXXF) is pleased to report the financial results for the seven months ended April 30, 2018 (herein “Fiscal 2018”) and provide a general business update. The financial results have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and all figures are in United States dollars unless stated otherwise. Canadian financial amounts are identified by “C$”.
The Company advises that due to reporting requirements of the British Columbia Securities Commission (the “BCSC”), as well as other reporting obligations relating to the previously announced reverse takeover amalgamation (the “RTO Amalgamation”) of Cannex and Arco Resources Corp. (“Arco”), the Company’s Fiscal 2018 financial statements (“FS”) and management discussion and analysis (“MD&A”) account for seven months only and recognize activity from September 30, 2017 to April 30, 2018. The comparative period is also approximately seven months from formation of the Company on February 27, 2017 to September 30, 2017. This period ending September 30, 2017 includes only five months of operations from May 2017.
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