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Auxly Cannabis Group Inc T.XLY

Alternate Symbol(s):  CBWTF

Auxly Cannabis Group Inc. is a Canada-based consumer packaged goods company in the cannabis products market. The Company is focused on developing, manufacturing and distributing branded cannabis products. The Company's brands include Parcel, Back Forty, Foray, Dosecann and Kolab Project. It provides various products, including vaporizers, edibles, dried flowers, pre-rolls, capsules and oils and concentrates. The Company's subsidiaries include Auxly Charlottetown Inc., Auxly Ottawa Inc., Auxly Annapolis Inc., Auxly Annapolis OG Inc., and Auxly Leamington Inc.


TSX:XLY - Post by User

Bullboard Posts
Post by resourceon Jun 07, 2017 11:56am
311 Views
Post# 26335663

55% of stock in lockup - 32M short looking bigger

55% of stock in lockup - 32M short looking biggerAccording to a Globe article  "Cannabis Wheaton backers collectively own 55 per cent of the company and are free to sell a third of their interests six months after the close of the Mackie-led offering, another third after nine months and the remainder after one year."

So 100% of that locked for 6 months after Mackie closes financing and finance paper will have just 4 month hold


https://www.theglobeandmail.com/report-on-business/streetwise/cannabis-wheaton-lights-up-new-shareholder-deal/article35226009/

Bullboard Posts