Tormont 50 Initiates Coverage On Cannex Capital Holdings Inc. (CSE:CNNX)

    Cannex Capital Holdings may be the new kid on the Cannabis Industry block, with its public debut on March 14, 2018, but a late start should not be considered a sign of inexperience. The company boasts a seasoned management team that includes COO Leo Gontmahker, the co-founder of Northwest Cannabis Solutions (NCWS), the #1 producer/processor in the State of Washington with over US$25.7M in sales in 2017. Importantly, NCWS now represents the core operation in the Cannex portfolio, as the company’s leading strategic tenant. Cannex’s strong start can be traced to an important attribute – it is currently more advantageous to raise money and run a U.S-centric cannabis company if the headquarters is outside of the U.S. That will continue to be the case as long as marijuana is legal at the state level, but illegal at the Federal level – a condition with an indeterminate future.

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