AXXA NEWS > Acquires US$8,000,000 Hemp Grower and
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Posted On: 06/18/2019 10:50:41 AM
AXXA NEWS > Acquires US$8,000,000 Hemp Grower and Trading OperationPress Release | 06/18/2019
NEW YORK, June 18, 2019 (GLOBE NEWSWIRE) -- Exxe Group, Inc. (OTC PINK: AXXA), a diversified company focused on synergistic acquisitions in real estate, fintech, artificial intelligence, media and financial services sectors, today announced the acquisition of a controlling interest in Flying Creek Trading Group of Companies (“FCTC”), who have assets valued at US$8,000,000. FCTC focuses on physical specialized commodities trading, manufacturing and management consulting for specialized harvesting and processing technologies, storage and logistics. In addition to their core specialization, which provides a wide range of expansion opportunities for Exxe Group, FCTC has also succeeded in developing a community of growers that is synergistic with the Exxe’s communities segment. The acquisition is being funded using a combination of partner private equity funding, debt, preferred stock and limited personal guarantees of Exxe Group principals.
FCTC is well established with annual revenues exceeds US$2,000,000. The business can be rapidly scaled using a combination of Exxe Group technology, management consultancy, and access to capital. In addition to bringing sales and distribution expertise, Exxe Group’s financing, execution services and technology will enable large scale transaction processing and will provide a competitive advantage in the physical commodities trading supply chain.
About FCTC
FCTC was established in 2006 to bridge customers with producers of niche commodities. FCTC acts as the broker in the exchange and consults on processing and logistics to fulfill successful trades for both sides. The business expanded in 2012 to provide custom harvesting and processing of specialty crops in Saskatchewan, Canada.
NEW YORK, June 18, 2019 (GLOBE NEWSWIRE) -- Exxe Group, Inc. (OTC PINK: AXXA), a diversified company focused on synergistic acquisitions in real estate, fintech, artificial intelligence, media and financial services sectors, today announced the acquisition of a controlling interest in Flying Creek Trading Group of Companies (“FCTC”), who have assets valued at US$8,000,000. FCTC focuses on physical specialized commodities trading, manufacturing and management consulting for specialized harvesting and processing technologies, storage and logistics. In addition to their core specialization, which provides a wide range of expansion opportunities for Exxe Group, FCTC has also succeeded in developing a community of growers that is synergistic with the Exxe’s communities segment. The acquisition is being funded using a combination of partner private equity funding, debt, preferred stock and limited personal guarantees of Exxe Group principals.
FCTC is well established with annual revenues exceeds US$2,000,000. The business can be rapidly scaled using a combination of Exxe Group technology, management consultancy, and access to capital. In addition to bringing sales and distribution expertise, Exxe Group’s financing, execution services and technology will enable large scale transaction processing and will provide a competitive advantage in the physical commodities trading supply chain.
About FCTC
FCTC was established in 2006 to bridge customers with producers of niche commodities. FCTC acts as the broker in the exchange and consults on processing and logistics to fulfill successful trades for both sides. The business expanded in 2012 to provide custom harvesting and processing of specialty crops in Saskatchewan, Canada.
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