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Auxly Cannabis Group Inc T.XLY

Alternate Symbol(s):  CBWTF

Healthcare
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

Auxly Cannabis Group Inc
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Comment by fumbleson Apr 29, 2020 12:07pm
175 Views
Post# 30966666

RE:RE:RE:RE:RE:More Auxly News

RE:RE:RE:RE:RE:More Auxly News
nortzy27 wrote: it concerns me that imperial would not want part of this to average down there price and get more control?,thoughts?



The structure of the IB deal gives them 19.9% owership.  This is by design as if they cross that threshold there is a lot more disclosure requirements.
IB happily invested anohter $5million into XLY recently at a premium to market prices to maintain the 19.9% ownership.  But right now they do not want to cross that line.
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