Auxly Cannabis Group Inc T.XLY

Bought-deal 12million

[stocksecurity88]

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.

[truthseeker1]

it would be extremely 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??

[UniqueKitty]

I wasn't expecting financing at this time. I thought it would happen some time in December. It will. The deal will close December 11ish.  As SoCalLife pointed out, additional moneys were obviously required to carry the business through to generating profit. That was understood by most, I believe. I wasn't expecting $10-$12million all at once. Thought they would carry on with

[buddyt]

true good point makes sense ..still hurts if one bought higher.....

[charlottesweb]

Nothing more clearer than xly ending over Sh with dilution at a major premium...you guessed it. The doors are closed on this and insiders and friends made off with millions. these crooks been pulling shady transactions since the inception of CBw when the dud of pot Chuckie got kicked from canopy and tried a shady finance move that he got roasted for.  He pulled off the shady short to death

[charlottesweb]

It’s over 400m and ya fake deals and most these guys are in it together transferring money to each other

[truthseeker1]

[TotalCorruption]

And as for the $315 million they had 18 months ago. 43 million went to the Dosecann facility. The rest I can only guess is gone poof? They needed to raise 12 million more. Please ask yourselves where that $ went or please put your $ under your mattress.