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Auxly Cannabis Group Inc. (CBWTF)

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Last Post: 12/18/2018 3:43:31 PM - Followers: 158 - Board type: Free - Posts Today: 2












 


 






















("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.

ON BEHALF OF THE BOARD

"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: http://www.wheatonincome.com or contact our Investor Relations Team: 
Email: IR@wheatonincome.com
1-833-695-2414

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 
Email: sarah@cannabiswheaton.com 
Phone: 613.230.5869

 
https://www.facebook.com/wheatonincome/

https://twitter.com/@WheatonIncome

 
https://auxly.com/

 
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CBWTF News: Auxly Announces Receipt of Dealer's Licence for Dosecann Facility 08/09/2018 10:47:11 AM
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#1967  Sticky Note Auxly Announces Cultivation and Retail Expansion Into Newfoundland Diogenes of Sinope 10/22/18 09:08:59 AM
#1797  Sticky Note Auxly Provides Corporate Update and Highlights 2018 Milestones Diogenes of Sinope 09/10/18 08:42:38 AM
#2107   Still holding to your assessment of above a buck? MaximusMax 12/18/18 03:43:31 PM
#2106   This company is a joke. Just a month jto12345 12/18/18 02:25:58 PM
#2105   lmao DirteeHarree 12/17/18 05:19:04 PM
#2104   Should finish next week above a dollar, at greendragon420 12/16/18 09:03:41 AM
#2103   Weed Stock: Aphria Inc Skyrockets Despite Class Action Lawsuit europa7 12/14/18 04:02:33 PM
#2099   You know when my buys were right?? Sub TheGreatGreenRush 12/11/18 07:56:52 PM
#2095   $2.35 waaaay back at the beginning of the TheGreatGreenRush 12/11/18 07:54:21 PM
#2094   Of course you did, everyone always claims to lbird33 12/11/18 07:54:14 PM
#2093   See, I never make predictions. I don't try lbird33 12/11/18 07:53:04 PM
#2092   The top, did it hit your $10 prediction lbird33 12/11/18 07:52:06 PM
#2091   Good thing I sold at the top ;) TheGreatGreenRush 12/11/18 07:51:28 PM
#2090   I didn’t realize opinions were gospel. I made TheGreatGreenRush 12/11/18 07:49:07 PM
#2089   ust've missed the Green Rush that has been lbird33 12/11/18 07:45:56 PM
#2088   Must've missed the Green Rush that has been TheGreatGreenRush 12/11/18 05:47:55 PM
#2087   Easy money people. Don't let the stock lbird33 12/11/18 05:20:34 PM
#2085   LMAO took my very first post. Stock went TheGreatGreenRush 12/11/18 05:14:55 PM
#2084   I'm so excited for the rest of the lbird33 12/11/18 05:07:05 PM
#2083   False. Q4 revs will be out at the TheGreatGreenRush 12/10/18 10:32:51 AM
#2082   Won't go up for another 6 months Dg23 12/10/18 09:42:58 AM
#2081   I hope so, I've had this for nearly yakcrawler 12/09/18 11:12:12 AM
#2080   Golden egg we got here Stock Guy777 12/08/18 03:16:56 AM
#2079   "Here’s Why Auxly Cannabis Will Grow at Triple-Digit Speed" europa7 12/07/18 03:29:26 PM
#2078   Needing an upswing that can gather some steam Townie 12/06/18 11:18:17 PM
#2077   Damn Right. Speed trap yes but this is Dreamweaver11 12/05/18 02:40:45 PM
#2076   https://investorplace.com/2018/12/cbwtf-stock-auxly-cannabis-will-grow-triple-digit-speed/ TheGreatGreenRush 12/05/18 01:40:22 PM
#2075   How’s that deal with Aphria going? greendragon420 12/04/18 01:56:52 PM
#2074   I bet we see a spike when their TheGreatGreenRush 11/30/18 06:45:33 PM
#2073   Dg23 Patience is part of the game. KOLLEGAH 11/30/18 05:42:49 PM
#2072   This won't make money for another 6 months. Dg23 11/30/18 04:51:23 PM
#2071   DREAMWEAVER11 Great analogy let sticks in the mud are KOLLEGAH 11/30/18 03:03:06 PM
#2070   https://nationvalleynews.com/2018/11/19/cannabis-developer-auxly-terminates-agre greendragon420 11/29/18 08:48:57 PM
#2069   Yes Kollegah, Dreamweaver11 11/29/18 04:12:29 PM
#2068   We are on the same page. KOLLEGAH 11/29/18 05:42:46 AM
#2067   The silent auxly is coming to life. I xray168 11/29/18 01:13:37 AM
#2066   CBWTF Been adding and trading as I see fit Diogenes of Sinope 11/28/18 04:02:09 PM
#2065   I think its a great sleeper . Fingers Dreamweaver11 11/28/18 02:59:51 PM
#2064   Give it time the fourth largest grower in KOLLEGAH 11/28/18 02:21:52 AM
#2063   Almost all MJ stocks are now trading like TheGreatGreenRush 11/27/18 02:00:52 PM
#2062   Yeah, depressing. Been holding since last year....... GolfFishSurf 11/27/18 01:56:31 PM
#2061   Yup. Takin a bath here since March. Its Dreamweaver11 11/27/18 01:34:41 PM
#2060   Worst ticker I own... Dollars4Days 11/27/18 12:41:07 PM
#2059   I'm still here. Check it once in awhile TheGreatGreenRush 11/27/18 11:21:15 AM
#2058   Not very often Dollars4Days 11/27/18 09:21:07 AM
#2055   Anybody post here? Surfonium 11/27/18 08:48:24 AM
#2052   This is from last year. Blue Horse Shoe1 11/22/18 09:01:18 AM
#2050   Auxly to Recieve 200 Million Grams Per Annum WeedWarrior 11/20/18 03:05:19 PM
#2049   You got it. Good luck to us. Miami Sun 11/19/18 07:05:37 PM
#2048   Thanks Miami. I appreciate it Dollars4Days 11/19/18 07:05:04 PM
#2047   Look on Yahoo Stocks. Miami Sun 11/19/18 06:57:11 PM
#2046   What were they? I must of missed them. Dollars4Days 11/19/18 05:43:40 PM
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