Cannex Capital Holdings Inc. and 4Front Holdings, LLC announced that they have signed a binding letter agreement pursuant to which 4Front has agreed to combine with Cannex in an all stock transaction. Subject to the approval of the Canadian Securities Exchange, the combined company will continue to trade on the CSE initially under Cannex's existing name and the ticker symbol CNNX. The Interim Agreement will be superseded by a definitive agreementgoverning the Transaction. The combined entity will represent a new standard for operational excellence and integrity under one umbrella within the cannabis industry. The resulting company will encompass proven management and operational skills in large scale indoor cultivation facilities that boast yields, the manufacturing and branding of infused products, edibles and other derivative products, and proven experience managing curated customer centric retail operations. The combined company will also have a very strong business development team complemented by acknowledged regulatory and compliance experts to identify and support new market growth alongside continued expansion opportunities. Josh Rosen, cofounder and CEO of 4Front, will become CEO of the combined company while Anthony Dutton, Cannex's CEO, will take on a senior capital markets and business development role. Leo Gontmakher, COO of Cannex, is expected to assume the same role in the combined company.