Auxly (XLY) (CBWTF) Invests Additional $7.5 Million to Fund FSD Pharma (FSDDF) (HUGE) Expansion
Auxly (XLY) (CBWTF) Invests Additional $7.5 Million to Fund FSD Pharma (FSDDF) (HUGE) Expansion
Breaking News: Auxly Invests Additional $7.5 Million to Fund FSD Pharma Capacity Expansion – RICH TV LIVE – September 20, 2018 – VANCOUVER, British Columbia, Sept. 20, 2018 (GLOBE NEWSWIRE) — Auxly Cannabis Group Inc. (TSX.V: XLY) (OTCQX: CBWTF) (“Auxly” or the “Company”) is pleased to announce that, as part of the strategic alliance and streaming agreement previously announced on March 5, 2018, Auxly has completed a $7,500,000 equity investment (the “Transaction”) in FSD Pharma Inc. (CSE: HUGE) (“FSD”).
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”). The Purchased Shares are subject to a statutory hold period expiring four months and one day from the date of issuance, on January 20th, 2019.
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. The jointly developed cultivation space, which is currently under construction, will also include a dedicated space for large scale extraction. Auxly retains a 49.9% stream of all cannabis and cannabis-derived products produced at the Facility, under partnership with Auxly, in perpetuity.
Hugo Alves, President of Auxly commented: “FSD Pharma is an important partner to Auxly and a partner that we value highly as a contributor of high quality indoor hydroponic cannabis to the Auxly platform. We are incredibly pleased with the progress we have jointly made on the construction of the first phase of the facility and look forward to working closely with FSD’s team to design and build out this world class asset.”
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Hey Rich, what’s the deal with NBEV, did you cover them? What do you think about AUSA, my friend made a couple sheckles trading it this morning…is it on a bull run, that’s the question. GREAT CHANNEL BTW, thanks for the info!
Think cbwtf will break 2 bucks before the years up? ..or ever? Haha! FmL
I should had known something was wrong when nothing from Rich all day
You must be winning, so haters causing issues with channel
Do they have hydroponic weed in the states? No one ever talks about it, way better than a greenhouse . The fsd Pharma gonna be huge lol in time
I got unsubscribed
Waiting for FSD to rip over the next few days.
To the moon!!! Thank you rich!!
Would you buy more of XLY or HUGE ?
Yo rich great vids like always. Whats going on with the notifications. U subscribed twice and clicked the. 🛎
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Pumped and dumped.in the last week..pretty pathetic how quickly a bear crew.is feeding off of the stock..love what the company.does but I hate what’s.happening with the HUGE and FSD shares
I got Auxly back when it was Cannabis Wheaton in January at $2.30 . Been holding on tight hoping for it to recover. Once legalization hits maybe. What do you think?
Thanks Rich for the tip a few months back. I got it HUGE at .17 and still holding
the best
waiting for Auxly to rip over the next few days.
have you heard of the SEED one yet, what do you think worth a shot?? youtube loves to unsub our subs it sucks make sure you also hit the bell all
Huge will provide so many jobs for that city.
I got unsubscribed too
Oh shit, I had to subscribe again.
Wtf I was wondering why I don’t hear from the GOAT . I got unsubscribed.. conspiracy theory?
Did my DD and got some HUGE stocks at .85. Hope the stock break its high for a second day in a row 2morrow!
hey man just bought it… hope the stock really booms
FSD going to the MUTHA FUCKIN MOOOOOOOOOOOOOOOOOOOOOOOOON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!