GREY:INSHF - Post by User
Post by
greendayyyyon Nov 12, 2018 7:58am
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Post# 28958405
XLY financial results Monday, November 12th
XLY financial results Monday, November 12th - Inner Spirit: The Company exercised its pre-emptive right to acquire an additional 7,058,824 units of Inner Spirit Holdings Ltd. (“Inner Spirit”) in order to maintain ownership of approximately 15% of the total issued and outstanding common shares of Inner Spirit. Inner Spirit and Auxly previously entered into a strategic arrangement whereby the companies will collaborate on retail initiatives, including Auxly supplying cannabis products to Inner Spirit’s existing licensed locations in Alberta and Saskatchewan and into any future locations in Canada. To date, Inner Sprit has successfully signed over 110 franchise agreements and has successfully obtained 5 licenses for the sale of recreational cannabis, 4 of which are in Alberta. By applying Inner Spirit’s franchise and retail models to the cannabis space, Auxly believes Inner Spirit is positioned to be a major player and trusted source in the distribution of adult use cannabis in markets where privately owned cannabis retail stores are permitted.
Read more at https://www.stockhouse.com/news/press-releases/2018/11/12/auxly-reports-q3-2018-financial-results-and-highlights-key-milestones#kicukcu5sVPMz6Zg.99