RE:Auxly Bolsters Cultivation Capacities Via Acquisition
The Sunens acquisition is a defining step forward for Auxly.
One of the best parts of the deal is that Peter Quiring maintains a vested interest in Auxly with $1.1million paid in shares. That's something between 4.5 and 5 million shares based on the SP over the last week of trading. Still waiting to see the actual filing on this one.
My point is, Mr. Quiring now holds enough stock that he could readily hold a seat on the board if he so chose. Also, should a little advice be required by Auxly, I would suspect Mr. Quiring might be more than willing to facilitate.
Bonus perks of non-core assets are just sweetener for Peter as a, thank you for all your hard work and expert advice. I imagine they might include the company pick-up, or maybe a sweet little Polaris Ranger with a dump box and a trailer, or a John Deere tractor, perhaps he got a pair of white ducks and a goat, or a partridge in a pear tree. Who cares as long as it was reasonable and Peter feels adequately compensated.
He's EARNED it.
Hang in there mates!!
cheers