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Auxly Cannabis changes name from Cannabis Wheaton

2018-06-08 10:52 ET - News Release

Mr. Chuck Rifici reports


Auxly Cannabis Group Inc. has changed its corporate name from Cannabis Wheaton Income Corp., effective today.

Effective at the market opening on June 8, 2018, the common shares of the company commenced trading on the TSX Venture Exchange under the company's new name and under the trading symbol XLY.

Ian Rapsey, chief creative officer of Auxly Cannabis Group, stated: "Changing our name to Auxly pays tribute to the evolution of our business from a dedicated streaming platform to one that is immersed in all aspects of the cannabis value chain.

"When we recently passed our one-year anniversary, we took a moment and realized that the company we started really is not the company that it is today -- it has grown into something far greater and much more vibrant. We realized that we need a brand that better reflects this.

"You do not build a brand for today, you build a brand for three, five, 10 years down the road. Something that will grow, and adapt, but will always stay true to your core ambition, and our core ambition has always been to create an auxiliary industry platform that supports our partners and promotes industry growth. To be a company that remains relevant. To march to the beat of our drum and build something unique and different that we can all be proud of. This last year has been about building our foundation and now we get to architect the future.

"We are more than a streaming company. This is Auxly."

About Auxly Cannabis Group Inc.

Auxly Cannabis Group is a collective of entrepreneurs with a passion for the cannabis industry past, present and future. The company's mandate is to facilitate growth for its partners by providing them with financial support and sharing its collective industry experience. Auxly's partners all have different visions, voices and brand values, and all share a common goal -- to build a world-class industry based on ethics, diversity, quality and innovation.

We seek Safe Harbor.

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