RE:Acquires 100% Ownership of Sunens and Amends Credit Facility This is AWESOME NEWS and a nice surprise!! I didn't expect this to be wrapped in a bow before the New Year, but I'll take it and gladly consider it an EARLY XMAS !!!
https://stockhouse.com/news/press-releases/2021/11/22/auxly-acquires-100-ownership-of-sunens-and-amends-credit-facility
We knew it was going to happen. It was just a matter of time.
The extension of the loan facility demonstrates an increased level of confidence from the lenders.
Paying down debt is always a good thing.
100% control of plant production should help clear up any doubt people had about Auxly weed supply and help ensure demand can be met. Best off it provides an almost immediate potential to improve margins and continue to increase volume in Q4, as we look forward to installing the long awaited new packaging equipment at the Kolab Project facility.
Auxly is just starting to gain traction and they are clearly intent on maintaining momentum as they RAMP UP !!
Hold tight mates!
cheers