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 > Bought-deal 12million

<< Previous

Bullboard Posts

Next >>

Comment by truthseeker1on Nov 26, 2020 12:37pm

80 Views

Post# 31979359

RE:RE:Bought-deal 12million

truthseeker1 wrote: it would be extremly interesting to have a court ordered forensic accounting of what happened to the approx 315 million in cash we had a bout 18 months ago??

stocksecurity88 wrote: I believe a large portion of the funding will be used to complete the Dosecann facility:

As at June 30, 2020, the Company has contributed approximately $43.6 million towards the construction and development of the Dosecann facility and anticipates that approximately $17.6 million of capital expenditures will be required over the next 12 months to complete the second floor of the Dosecann facility by Q3 2020, make equipment purchases, finish landscaping and outdoor construction and expand extraction capacity in 2021 within the facility.