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Auxly Cannabis Group Inc. (CBWTF)

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Last Post: 8/14/2018 9:24:06 PM - Followers: 137 - Board type: Free - Posts Today: 0



("Acquisition Agreement”) to acquire all of the outstanding securities of Dosecann Inc. (“Dosecann”). Dosecann is a late-stage “Licensed Dealer” applicant pursuant to the Narcotic Control Regulations with a purpose-built 42,000 square foot facility located in Charlottetown, Prince Edward Island.   

Pursuant to the Acquisition Agreement, Cannabis Wheaton will acquire all of the outstanding securities of Dosecann (the “Dosecann Securities”) by way of a “three-cornered amalgamation” (the “Acquisition”). Upon the completion of the Acquisition, Dosecann will become a wholly-owned subsidiary of Cannabis Wheaton.

As consideration for the Dosecann Securities, the Company will pay the holders of the Dosecann Securities an aggregate of up to $38,000,000, payable in common shares of Cannabis Wheaton (the “Consideration Shares”), subject to the satisfaction of certain post-closing time and performance-based milestones. As part of the Acquisition, all outstanding convertible securities of Dosecann will either be converted into Dosecann common shares and exchanged for Consideration Shares on the closing of the Acquisition (the “Closing”), or will otherwise be exchanged for convertible securities of Cannabis Wheaton based on the exchange ratio used in the Acquisition. 

The Dosecann principals, who collectively hold approximately 66.96% of the outstanding common shares of Dosecann, have agreed to enter into lock-up agreements in favour of Cannabis Wheaton restricting their ability to transfer their Consideration Shares (the “Locked-up Securities”) until the date that is 18 months following the Closing, provided that: (i) one-half of the Locked-Up Securities shall cease to be subject to the lock-up on the date that is 6 months following the Closing; and (ii) the remaining Locked-Up Securities shall cease to be subject to the lock-up in equal tranches on the 12th and 18th month anniversaries of the Closing.

The Acquisition is subject to a number of conditions, including the receipt of all required shareholder and regulatory approvals and the satisfaction or waiver of all conditions of closing under the Acquisition Agreement. The Transaction is expected to close on or about April 30, 2018.


"Chuck RificiChairman & CEO

About Cannabis Wheaton (TSX-V:CBW)

Cannabis Wheaton is a collective of entrepreneurs with a passion for the cannabis industry past, present and future. Our mandate is to facilitate growth for our partners by providing them with financial support and sharing our collective industry experience. Our partners all have different visions, voices and brandvalues, and all share a common goal—to build a world-class industry based on ethics, diversity, quality and innovation.

About Dosecann

Dosecann Inc. is a PEI-based Licensed Dealer applicant currently completing the buildout of a 42,000 square foot GMP compliant facility. Within the purpose-built facility, Dosecann intends to accommodate product development, extraction, formulation, filling and packaging. Dosecann is developing a suite of cannabis products across a variety of delivery methods for both the medical and adult use markets.

Investor Relations:
For more information about investing in Cannabis Wheaton, please visit: or contact our Investor Relations Team: 

Stay Connected: 
Follow up on Twitter @WheatonIncome

Media Enquiries (only): 
For media enquiries or to set up an interview please contact:
Sarah Bain, VP External Affairs 
Phone: 613.230.5869

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CBWTF News: Auxly Announces Receipt of Dealer's Licence for Dosecann Facility 08/09/2018 10:47:11 AM
CBWTF News: PURA Shares Gain on Distribution Deal with Mr. Checkout for Cannabis-Infused Sports Drink 04/27/2018 10:26:38 AM
CBWTF News: Cannabis Wheaton Income Corp. Announces New Joint Venture with Peter Quiring 02/20/2018 09:45:00 AM
PlusOneCoin Top Posts
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#1505  Sticky Note Cannabis legalization in Canada officially law as bill undeffiniert 06/21/18 12:20:40 PM
#1364  Sticky Note Nice new website Crisco 06/10/18 09:13:33 AM
#1309  Sticky Note Cannabis_Wheaton_Announces_Exclusive_License_for_Dixie_Brands_Cannabinoid-Infused_Products....:-} captainscotty 05/29/18 02:54:18 PM
#879  Sticky Note Those warrants are publicly traded under cbw.tx. on Meannod 02/07/18 09:44:49 PM
#1705   Wow...RSI @ 35, close to all time lows, cnote420 08/14/18 09:24:06 PM
#1704   I heard that about the $1.50’s and $.90’s. PocketKK 08/14/18 04:58:03 PM
#1703   You will never get the opportunity to invest Mindgame 08/14/18 02:20:30 PM
#1702 Beantime77 08/14/18 09:58:26 AM
#1701   After I posted they put a PR about PocketKK 08/14/18 08:27:44 AM
#1700   For document control.... once they start issuing shares PocketKK 08/14/18 06:43:08 AM
#1699   I've been out for a bit. There isn't longanisa 08/13/18 10:55:46 PM
#1698   Auxly will issue 429,507 common shares Sunblazers 08/13/18 06:15:22 PM
#1697   BRIEF-Auxly Announces Strategic Partnership With Cannabis OneFive Beantime77 08/13/18 12:41:58 PM
#1696   Why does this symbol have 5 letters? oilin07 08/13/18 10:51:24 AM
#1695   Need longanisa 08/13/18 08:33:39 AM
#1694   I don't think you will have to wait Mindgame 08/09/18 10:50:25 PM
#1693   Up 8%, nice Townie 08/09/18 02:32:30 PM
#1692   CBWTF JMO—Over sold and I’m looking forward to 2019 Diogenes of Sinope 08/09/18 01:11:58 PM
#1691   Auxly Announces Receipt of Dealer’s Licence for Dosecann WeedWarrior 08/09/18 08:07:13 AM
#1690   I read this article as well and seems 1dmg1 08/07/18 07:57:21 PM
#1689   Uh oh sucksly in the .50's. Chuck and Sunblazers 08/07/18 03:08:52 PM
#1688   61 Million Square/Feet Potential with Auxly in Uruguay WeedWarrior 08/07/18 07:01:20 AM
#1687   Q&A with Auxly Cannabis CEO Chuck Rifici WeedWarrior 08/06/18 05:29:52 PM
#1686   Interview with Auxly Cannabis CEO Chuck Rifici WeedWarrior 08/06/18 04:43:05 PM
#1685   "Perhaps an even more glaring example of bought-deal-offering-based techisbest 08/06/18 04:00:03 PM
#1684   8 Pot Stocks That Can Rise Above Marijuana Controversies europa7 08/06/18 01:28:54 PM
#1682   When cultivating cannabis or anything for that matter greendragon420 08/04/18 12:40:02 PM
#1679   Looking for CBWTF to turn around as we SILVER HARVEST 08/03/18 02:33:50 PM
#1678   Auxly Congratulates Strategic Partner Inner Spirit on Initial europa7 08/02/18 02:13:47 PM
#1677   You can't tell me all of these MJ greendragon420 08/01/18 07:21:51 PM
#1676   This turd just like N*****e JohnCM 07/31/18 10:34:03 PM
#1675 longanisa 07/31/18 06:13:05 PM
#1674   Auxly Chuck sucks hairy balls. This turd just Sunblazers 07/31/18 03:10:40 PM
#1672   Auxly Cannabis Group Inc (OTCMKTS: CBWTF) Should be europa7 07/26/18 03:23:50 PM
#1671   Could This Be an Interesting Opportunity in Auxly europa7 07/26/18 03:21:27 PM
#1670 Beantime77 07/26/18 11:04:51 AM
#1669   July 25 Volume: 676,681 Townie 07/26/18 12:04:58 AM
#1668   Well stated! TESLIN 07/25/18 11:07:15 PM
#1667   However I do believe Dietrich to be the greendragon420 07/25/18 09:16:59 PM
#1666   It’s almost time. Rifici is a smart, very greendragon420 07/25/18 08:40:43 PM
#1663   I hope I don't go down in flames, Mindgame 07/25/18 03:42:34 PM
#1662   Time to Load the Boat at these prices. Beantime77 07/25/18 11:02:53 AM
#1659   Kolab Project europa7 07/23/18 03:16:06 PM
#1658   Auxly Announces Issuance of Sales Licence for Kolab europa7 07/23/18 01:13:05 PM
#1657   Data Projects That the Global Cannabis Market is Beantime77 07/23/18 10:03:08 AM
#1656 Beantime77 07/23/18 09:59:33 AM
#1655   maybe,but then again possibly. a false profit 07/23/18 09:56:58 AM
#1654   Hornitoes ?? Meannod 07/22/18 09:35:37 PM
#1653   A red day today? JohnCM 07/20/18 12:36:47 PM
#1652   That is what market makers are for. Mindgame 07/20/18 11:34:54 AM
#1648   Question John, even if insiders start out the greendragon420 07/19/18 01:46:01 PM
#1645   What charts are you looking at? JohnCM 07/18/18 10:10:48 AM
#1640   Even Canopy is 26.5 Aurora almost in the 5$ Auscann motorcityAce 07/18/18 07:00:47 AM
#1639   Tell me about it JohnCM 07/18/18 01:15:33 AM