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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 > Imperial Brand buys 19.8% Stake in Auxly at $0.81 per share!
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Comment by 1hot-techwomanon Apr 01, 2024 1:29pm
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Post# 35963201

RE:RE:RE:RE:Imperial Brand buys 19.8% Stake in Auxly at $0.81 per share!

RE:RE:RE:RE:Imperial Brand buys 19.8% Stake in Auxly at $0.81 per share!
SCQuin wrote: Do the math...the average price per share for IB in this conversion is about 0.51cents Still good thought. Notice they were careful to keep their position below 20% and to remove Auxly as the exclusive partner for Cannibis

Guess why they did that?? :) Conflict of interest !! They probably buy out Auxly down the road IMO :)

Cheers :)

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