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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 1hot-techwomanon Aug 15, 2018 2:54pm
121 Views
Post# 28466871

$115 Million raised 2 months ago at $1.40 ! Im buyin here :)

$115 Million raised 2 months ago at $1.40 ! Im buyin here :)Cannabis Wheaton Announces Closing of $115 Million Bought Deal Financing and Exercise in Full of Underwriters Over-Allotment Option Email Print Friendly Share May 31, 2018 09:00 ET | Source: Cannabis Wheaton Income Corp. NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATES VANCOUVER, B.C., May 31, 2018 (GLOBE NEWSWIRE) -- Cannabis Wheaton Income Corp. (TSX.V:CBW) (Cannabis Wheaton or the "Company") is pleased to announce the closing of its previously announced bought deal public offering of 82,225,000 units of the Company ("Units"), which includes the full exercise of the over-allotment option granted to the underwriters, at a price of C$1.40 per Unit for gross proceeds of $115,115,000 (the Offering). The syndicate of underwriters for the Offering was led by BMO Capital Markets, together with AltaCorp Capital Inc., Mackie Research Capital Corporation and INFOR Financial Inc. Each Unit consists of one common share (Common Share) of Cannabis Wheaton and one-half of one common share purchase warrant (each whole common share purchase warrant a Warrant) of Cannabis Wheaton. Inclusive of the exercise of the over-allotment option, 41,112,500 Warrants were issued under the Offering. Each Warrant will entitle the holder thereof to purchase one Common Share of the Company at a price of C$1.85 per Common Share, for a period of 24 months following the closing date.
Bullboard Posts