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Auxly Cannabis Group Inc
Symbol XLY
Shares Issued 552,620,740
Close 2018-06-19 C$ 1.06
Market Cap C$ 585,777,984
Recent Sedar+ Documents

Auxly Cannabis, Quiring joint venture agreement

2018-06-19 17:41 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation in connection with a partnership dated June 15, 2018, between the company, Peter Quiring, in his capacity as the sole trustee of The Peter Quiring Family Business Trust, 2633867 Ontario Inc. and 10841862 Canada Inc. (the joint venture company), whereby the company will acquire 4.5 million Class 1 common shares of the joint venture company. Under the joint venture agreement, the parties will build a greenhouse for cannabis cultivation in Leamington, Ont. Consideration of 5.25 million common shares of the company and 10 million share purchase warrants that are exercisable into common shares of the company at $1.57 per share for a five-year period. The shares and warrants will be subject to escrow and will be released in tranches upon the achievement of certain performance targets.

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