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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 TheEgyptianon Feb 05, 2019 11:23pm
146 Views
Post# 29324225

FSD Update

FSD UpdateInteresting read. Huge will be ready in a few months.

https://ca.proactiveinvestors.com/companies/news/213190/fsd-pharma-aims-to-have-the-world-s-largest-hydroponic-indoor-cannabis-production-and-processing-facility-213190.html

Cobourg facilities have plenty of room to grow 

The Cobourg facilities sit on 72 acres of land with 40 acres primed for development and an expansion capability of up to 3,896,000 sq/ft. 

It’s phase one growth plan is rolling out now: the development of 220,000 square feet of indoor grow space at its Ontario facility, which should be operational by the end of the first quarter 2019 or beginning of the second quarter. 

And there’s ample space to grow:The company is hoping to have an additional 650,000 square feet finished by the end of 2019 or into 2020. 

At full capacity, the Cobourg facility will be able to produce 400 million grams of dried cannabis flower per year. Not to mention that an indoor hydroponic production helps ensure the consistency of the product: 365 days a year. 

Bullboard Posts