More on ICO
Pre-Sale March 25, 2019 - July 31, 2019
Token Sale Unspecified - Unspecified
ICOMarks Rating 3.0 / 10
Whitelist/KYC Whitelist & KYC
Token price Unspecified
Platform Ethereum

The CANNEX Project aims to be the largest medical marijuana farm and processing business in Asia targeting the international export market.

The project location is Pailin Province in the Kingdom of Cambodia. The business will benefit from investment incentives and the lower costs of production compared to export markets like Canada.

The CANNEX Token aims combine the global scope of cryptographic tokens and explosive growth of pot stocks. CANNEX will share 20% of our after tax profits of our business operations to the tokenholders, while remaining 80% will be used for further investments or for token buybacks.

Any additional investments or divestment are returned via the Smart Contract function to the tokenholders.

The CANNEX Project is currently in its Seed Funding round (Series A). This private sale is open to connected individuals or to qualified international investors.

The project is the only project to have applied for a grow license in the Kingdom of Cambodia. The company is awaiting approval of its grow license and expects a decision by the end of Q2 2019. The next fundraising stage will have a price of $2.00.

The CANNEX Project offers a range of investor protections, including a guaranteed buyback and various rights that minimize risks for stakeholders.

December 2018

Application for Permit.

January 22, 2019

Ministry of Health Application Certified.

March 9, 2019

Series A Fundraising.

May-July 2019

Ministry of Health Permit granted.

July 2019

Series B Fundraising Phase1 Investment.

August 2019

Series C Fundraising.

September 2019

Phase 2 Investment.

Q4 2019

Begin Growing Operation.

Q2 2020

First Smart Contract Distribution.