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Auxly Cannabis Group Inc. (CBWTF)

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Last Post: 6/22/2018 3:17:21 AM - Followers: 132 - Board type: Free - Posts Today: 1


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: PURA Shares Gain on Distribution Deal with Mr. Checkout for Cannabis-Infused Sports Drink 04/27/2018 10:26:38 AM
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CBWTF News: 2018 Could be a Breakout Year for Cannabis Companies 01/10/2018 08:45:00 AM
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#1505  Sticky Note Cannabis legalization in Canada officially law as bill undeffiniert 06/21/18 12:20:40 PM
#1492  Sticky Note Cannabis will be legal on October 17, Trudeau says undeffiniert 06/20/18 04:52:35 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
#1519   Talking the 'Bis - Importing Cannabis to Canada? WeedWarrior 06/22/18 03:17:21 AM
#1518   Bill C-45 Attains Royal Assent WeedWarrior 06/21/18 10:03:50 PM
#1517   So, let me get this straight..... Nukemtiltheyglow 06/21/18 07:57:50 PM
#1516   While showing plenty of promise and offering a Sunblazers 06/21/18 07:29:49 PM
#1515   Slam dunk here. The name change was Boblawblob 06/21/18 07:29:28 PM
#1514   CEO Chuck Rifici on Humble and Fred Radio WeedWarrior 06/21/18 06:55:59 PM
#1513   CBWTF I like it here. Diogenes of Sinope 06/21/18 06:42:42 PM
#1512   WOW.... I leave for a couple hours and Nukemtiltheyglow 06/21/18 06:40:17 PM
#1511   Found this to have some interesting perspective... “In terms longanisa 06/21/18 05:13:37 PM
#1509   Wow. longanisa 06/21/18 03:55:20 PM
#1508   IMHO, typical trading pattern, tomorrows Friday, yesterday the Nukemtiltheyglow 06/21/18 02:44:33 PM
#1507   Done and done. Looks like $.985 is our TheGreatGreenRush 06/21/18 12:52:56 PM
#1506   Thanks, a Moderator should post this as a Nukemtiltheyglow 06/21/18 12:49:49 PM
#1505   Cannabis legalization in Canada officially law as bill undeffiniert 06/21/18 12:20:40 PM
#1504   Baby steps up. The last thing we want TheGreatGreenRush 06/21/18 12:19:30 PM
#1503   You may want to check out GRNH as vinovista 06/21/18 12:17:20 PM
#1501 greendragon420 06/21/18 12:14:56 PM
#1499   Above average trading volume for all MJ stocks. Nukemtiltheyglow 06/21/18 12:05:19 PM
#1498   Auxly got me thinking about this song. PUSH Lloyd Cannabinoid 06/21/18 11:53:17 AM
#1497   This could easily be 2 dollars in a Lloyd Cannabinoid 06/21/18 11:39:23 AM
#1496   I have to admire Canada. In the 60s, Nukemtiltheyglow 06/21/18 11:14:26 AM
#1495   Here we go!!! longanisa 06/21/18 10:55:54 AM
#1494   There's New York. techisbest 06/20/18 10:55:11 PM
#1493   If the US doesn't respond to legalizing marijuana, Nukemtiltheyglow 06/20/18 06:42:37 PM
#1492   Cannabis will be legal on October 17, Trudeau says undeffiniert 06/20/18 04:52:35 PM
#1491   Very nice day and now the reversal can Townie 06/20/18 04:41:31 PM
#1490   Up 6.8% today and up almost 10% from TheGreatGreenRush 06/20/18 04:16:06 PM
#1489   Thanks Loganisa, should have done that from the Nukemtiltheyglow 06/20/18 02:53:00 PM
#1488   Quote: “That, coupled with demand in Colombia should fuel longanisa 06/20/18 02:50:01 PM
#1484   FINALLY SOME MOVEMENT! longanisa 06/20/18 09:33:51 AM
#1483   C-45 Officially Passes Senate and Headed to Royal WeedWarrior 06/19/18 08:53:55 PM
#1482   I was thinking on the higher side. Closer TheGreatGreenRush 06/19/18 08:52:49 PM
#1481   This entire business model was based on legalized greendragon420 06/19/18 08:41:15 PM
#1480   I would sure hope so.. at this point greendragon420 06/19/18 08:32:01 PM
#1479   Percentage wise. Wouldn’t be surprised to see a TheGreatGreenRush 06/19/18 08:27:40 PM
#1478   Not too sure about that anymore. We all Sunblazers 06/19/18 08:26:31 PM
#1477   Double digit gains? Like as in percentage or what? greendragon420 06/19/18 08:07:22 PM
#1476   Amazing! First G7 country to do so. Could TheGreatGreenRush 06/19/18 07:41:44 PM
#1475   PASSED! Diogenes of Sinope 06/19/18 07:40:07 PM
#1474   greatgreenrush I agree....averaging down might be a good a false profit 06/19/18 06:56:49 PM
#1473   Nothing is wrong here. The first run back TheGreatGreenRush 06/19/18 06:37:56 PM
#1472   yah I'm not sure what kind of news longanisa 06/19/18 05:28:17 PM
#1471   Well it was industry news and not specific MaximusMax 06/19/18 05:00:41 PM
#1470   Something seriously wrong with this stock. Not Mindgame 06/19/18 04:32:53 PM
#1469   Auxly is ridiculously undervalued. Great time to buy Nukemtiltheyglow 06/19/18 02:55:25 PM
#1468   Just needs to hold $.78 TheGreatGreenRush 06/19/18 01:24:44 PM
#1467   New to the board. But been in onelove17 06/19/18 01:23:10 PM
#1466   Bottom could be in here! onelove17 06/19/18 01:22:40 PM
#1465   yah. it's been a shake my head kinda longanisa 06/19/18 12:30:37 PM
#1464   Looking like $.78 is the bottom. It's already TheGreatGreenRush 06/19/18 12:12:50 PM