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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. Its 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 also conducts wholesale bulk sales of dried cannabis to various licensed producers in Canada. Its subsidiaries include Auxly Charlottetown Inc., Auxly Ottawa Inc., and Auxly Leamington Inc. The Company’s primary Cannabis 2.0 Product development, manufacturing and R&D activities are conducted by its subsidiary Auxly Charlottetown Inc. at a cannabis processing facility located in Charlottetown, Prince Edward Island. Auxly Ottawa Inc. holds licenses for cultivation and processing and conducts the Company’s primary dried flower and pre-roll manufacturing.


TSX:XLY - Post by User

Auxly Cannabis Group Inc
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Comment by Japadogon May 12, 2017 10:18am
122 Views
Post# 26236615

RE:Digging the concept - where are the details?

RE:Digging the concept - where are the details?You can find shares outstanding on the April 7th press release:

https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00005865

It also shows the 3 for 1 stock split at 5c. If my math is right, over 60M shares come free trading in two weeks at an avg cost of 1.5c, as well as 60M warrants with a strike price of 2.3c.

How can they be allowed to do a 3 for 1 stock split at 5c? 
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