|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.5674 - 0.6100|
|52 Week Range||0.5190 - 2.7000|
|Beta (3Y Monthly)||11.91|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
When I initially came across Auxly Cannabis (OTCMKTS:CBWTF) in my research, it immediately caught my attention as it bridges together two of my favorite investment themes — streaming royalty payments and marijuana. As the first of its kind, the company provides funding to the marijuana industry, which can be very difficult to get for early-stage companies. In return for the funding, Auxly is entitled to royalty payments and/or a piece of the company.
Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company") is pleased to announce that its strategic international partner, ICC International Cannabis Corp. ("ICC") (CSE:WRLD), has entered into a definitive agreement to acquire all of the issued and outstanding shares of Green Gene Research Inc. (“Green Gene”), a cannabis genetics company with significant experience in cannabis research, testing, cultivation and the optimization of proprietary seeds and strains. In addition, Green Gene controls a portfolio of over 120 laboratory-tested unique cannabis strains carefully curated over the past 17 years of Green Gene’s operations. In connection with the strategic investment and commercial rights agreement announced on September 17, 2018, Auxly has become a preferred commercial partner to ICC on its current and future international and domestic cannabis ventures, including Green Gene, for a period of 10 years.
Although fundamental data remains light for a maturing marijuana industry, Auxly was very active in developing all three of its business verticals during the third quarter.
Auxly Cannabis Group Inc. (TSX.V - XLY) (CBWTF) ("Auxly" or the "Company") has reported its financial and operational results for the three and nine months ended September 30th, 2018. Auxly’s management team has prioritized the following objectives for each of the Company’s business segments. Upstream: The Company continues to acquire cultivation capacity through the development of facilities in Canada and Uruguay.
Auxly Cannabis Group Inc. (XLY.V) (CBWTF) ("Auxly" or the "Company") is pleased to announce that, further to the binding interim agreement announced on January 30th, 2018, the Company has received approval from the Secretaría Nacional para la Lucha contra el Lavado de Activos y el Financiamiento del Terrorismo (“SENACLAFT”), the government body overseeing foreign direct investments in Uruguay, for the Company’s acquisition of 80% of the issued and outstanding common shares (the “Transaction”) of Inverell S.A. (“Inverell”). Inverell is a federally licensed Cannabis Operator based in Montevideo, Uruguay. Led by Dr. Raúl Urbina, Inverell is a large-scale outdoor producer of hemp plants for CBD extraction operating on an initial footprint of approximately 300 hectares.
Atlantic was founded by a team with a long-standing commitment to building opportunities in the province of Newfoundland and Labrador. Pillars of local industry, Christopher J. Hickman, Tom Collingwood Sr., Cynthia Crosbie and the entire Atlantic team lend to the project decades of unparalleled strategic leadership and oversight from diverse business environments. Atlantic’s collective of entrepreneurs have employed thousands of people across the province throughout the last five generations and look forward to playing a key role in the growth of the province's legal cannabis industry.
HENDERSON, NV / ACCESSWIRE / October 17, 2018 / Below are a few opportunities to help with one of America's largest problems: opioid addiction.While cannabis stocks have been receiving a lot of the attention ...
NEW YORK, NY / ACCESSWIRE / October 15, 2018 / Traders News Source, a leading independent equity research, and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Auxly Cannabis Group Inc. (CBWTF), a company executing a business plan of building a vertically integrated global cannabis company with assets in each key segment of the cannabis value chain as the Canadian market enters legalization of recreational cannabis on October 17, 2018. As the start date for legal cannabis in Canada drew nearer the company shares rose to the current level of $.92 and have been as high as $1.10. The Company has continued to acquire cultivation capacity by developing cannabis cultivation facilities in Canada and internationally.
Pursuant to the Transaction, Auxly has subscribed for $7,500,000 of publicly traded Class B Subordinate Voting Shares of FSD at a price of $1.00 per share (“Purchased Shares”). Proceeds from the financing will be used to fund the ongoing construction of the initial 220,000 square feet of cultivation space that Auxly and FSD are jointly developing at FSD’s 620,000 square foot facility (the “Facility”) in Cobourg, Ontario pursuant to the agreed upon construction and development budget, announced on July 3, 2018. Auxly retains a 49.9% stream of all cannabis and cannabis-derived products produced at the Facility, under partnership with Auxly, in perpetuity.
Auxly Cannabis Group Inc. (XLY.V) (CBWTF) ("Auxly" or the "Company") and Kaneh Bosm BioTechnology Inc. (CSE:KBB)(8K51.F)(KNHBF) ("Kaneh Bosm") are pleased to announce that Auxly has completed a strategic investment (the “Investment”) and has entered into a commercial rights agreement (the “Agreement” and together with the Investment, the “Transaction”) with Kaneh Bosm. Kaneh Bosm, through its subsidiaries, has a number of agreements and licences in place related to pharmaceutical distribution, wholesale importation, research and development, cultivation, production, storage, and exportation of cannabis and cannabis derivatives. In particular, Kaneh Bosm has agreements in place to supply a European-based pharmaceutical distributor with a network of 35,000 pharmacies in 16 countries, in addition to working interests in industrial hemp licences in Greece and wholly-owned licences to cultivate, produce, distribute, store, and export cannabis in Colombia, the Kingdom of Lesotho, and Denmark.
HENDERSON, NV / ACCESSWIRE / September 13, 2018 / The stock market is often divided into eleven major sectors representing key areas of the economy. Within each sector, there are a number of different ...
CORAL GABLES, FL / ACCESSWIRE / September 11, 2018 / Canadian marijuana stocks continue to lead the sector as the October deadline looms. In roughly 1 month Canada will begin legal sale of recreational marijuana across the country but this is just the beginning for the country. The move by Canada effectively makes the country the first G7 nation to legalize recreational cannabis use and further opens opportunities for companies in Canada to export marijuana as well.