Auxly Reports Q3 2019 Financial Results

Written by Customer Service on . Posted in Public Companies.

TORONTO, Nov. 22, 2019 (GLOBE NEWSWIRE) — Auxly Cannabis Group Inc. (TSX.V – XLY) (OTCQX: CBWTF) (“Auxly” or the “Company“) today released its financial results for the three and nine months ended September 30, 2019. These filings and additional information regarding Auxly are available for review on SEDAR at www.sedar.com. 
Q3 2019 Highlights and Subsequent EventsAuxly closed a $123.0 million investment and R&D partnership with Imperial BrandsSunens closed syndicated credit facilities and received debt financing in the aggregate amount of $84.0 millionAuxly announced the retirement of approximately 97% of the remaining 6% unsecured convertible debentures through the repayment of approximately $80.0 million of principal and the conversion of approximately $16.0 million into commons sharesAuxly signed a brokerage agreement with Kindred Partners Inc. to act as Auxly’s sales agent for its adult-use cannabis products in CanadaDosecann successfully submitted New Product Notifications to Health Canada for a total of 83 new derivative product formatsKolab and Dosecann both received their amendments to their sales licences, authorizing each to sell cannabis extract, edible and topical products to the Canadian market as soon as legally permittedOfficially opened the Lloydminster store on July 11, 2019; Kolab is now able to commence local cannabis sales and province-wide e-commerce in SaskatchewanHugo Alves was appointed the Company’s new CEO, replacing Chuck Rifici, who continues to serve as Chairman of Auxly’s Board of DirectorsQ3 Highlights*attributable to shareholders of the Company
** comparable period is December 31, 2018Results of Operations

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.