MTech Raises $9.2 Million Ahead of Closing MJ Freeway Acquisition

MTech Acquisition Corp. and MJ Freeway LLC Provide Private Placement Update

Participants Include Khitan Capital, Cresco Capital Partners II, LLC, and The London Fund

NEW YORK, June 12, 2019 (GLOBE NEWSWIRE) — MTech Acquisition Corp. (NASDAQ: MTEC, MTECU, MTECW) (“MTech”), the first US-listed Special Purpose Acquisition Company (SPAC) focused on acquiring a business ancillary to the cannabis industry, and MJ Freeway LLC (“MJ Freeway”), a leading seed-to-sale, regulatory compliance technology provider and developer of the cannabis industry’s first enterprise resource planning (ERP) platform, announced today that MTech has agreed to issue and sell an additional 215,475 shares of Class A common stock at $10.21 per share as part of its previously announced private placement.

Overall, MTech will issue and sell an aggregate of 901,074 shares of Class A common stock

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