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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. 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

Bullboard Posts
Post by Updownsidewayson Jan 06, 2018 2:19pm
444 Views
Post# 27297655

Some useful information - CBW will be massive

Some useful information - CBW will be massiveTwo great news articles that are a must read for those new to this stock:

https://www.northumberlandnews.com/news-story/8020670-fv-pharma-signs-financing-agreement-to-develop-world-s-largest-indoor-cannabis-facility-in-cobourg/
 

https://www.thestar.com/news/gta/2017/10/12/marijuana-company-to-breathe-new-life-into-cobourgs-former-kraft-plant.html

The coles notes:


"Upon completion, FV Pharma expects to achieve a total of approximately 3.8 million sq. ft dedicated to cannabis cultivation and related ancillary businesses, all under one roof — making it the largest indoor cannabis cultivation facility in the world.

The facility has an electrical substation on site, as well as natural gas lines, multiple water intakes, rail lines directly into the facility and 26 loading docks, providing the robust infrastructure necessary to accommodate the company’s expansion plans."

"Under the agreement, Wheaton will receive a 49.9 per cent stream of all cannabis or cannabis-derived products — including any immature cannabis plants and any cannabis trim — produced in Cobourg, in perpetuity.

This will translate to an estimated allocation of 200 million grams of cannabis going to the Vancouver-based company per year, upon completion of all phases of the development."

"...company wants to harvest its first crop, 4,000 kilos of marijuana, as early as February 2018."

Bullboard Posts