RE:Auxly doesn’t even fulfil their obligations.mtd121215 wrote: A company restructures and decides that an agreement with auxly is not a good thing. Stocks that are tied to Auxly are likely to fall hard tomorrow. Living large and getting no work done.
This is company is a short all the way down to $0.15
Game over for XLY.
9 I hope you try that... I don't believe it will work out so well for you. This would be my initial take from it; Along with 7.5million shares purchased at $1/each, they would still be allocated their 49.9% stream of all cannabis and cannabis-derived products produced for this initial phase of the buildout the 220,000 square feet with extraction space. They perhaps had some sort of closs added to the contract that would allow thenlm to fund further phases... if Auxly chose to, so perhaps termination penalties could apply. Any other takes on this situation? Proceeds from the financing will be used to fund the ongoing construction of the initial 220,000 square feet of cultivation space that Auxly and FSD are jointly developing at FSDs 620,000 square foot facility (the Facility) in Cobourg, Ontario pursuant to the agreed upon construction and development budget, announced on July 3, 2018. The jointly developed cultivation space, which is currently under construction, will also include a dedicated space for large scale extraction. Auxly retains a 49.9% stream of all cannabis and cannabis-derived products produced at the Facility, under partnership with Auxly, in perpetuity. Read more at https://stockhouse.com/news/press-releases/2018/09/20/auxly-announces-strategic-investment-in-fsd-pharma#IwoHQcbss7xrWclh.99