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Auxly Cannabis Group Inc. (CBWTF)

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Last Post: 10/16/2018 9:06:35 AM - Followers: 152 - Board type: Free - Posts Today: 8



("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: http://www.wheatonincome.com or contact our Investor Relations Team: 
Email: IR@wheatonincome.com

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




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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
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#1797  Sticky Note Auxly Provides Corporate Update and Highlights 2018 Milestones Diogenes of Sinope 09/10/18 08:42:38 AM
#1784  Sticky Note Auxly Announces Definitive International Supply Agreement With Aphria Diogenes of Sinope 09/07/18 02:12:51 PM
#1943   Will be watching the action the next couple Miami Sun 10/16/18 09:06:35 AM
#1942   How long will you hold? Dg23 10/16/18 09:04:51 AM
#1941   A little pre-market action. Auxly looks like it’s Miami Sun 10/16/18 08:29:00 AM
#1940   Sure looks like it. Makes me real comfortable Miami Sun 10/16/18 08:08:14 AM
#1939   So it looks like this Chuck guy might greendragon420 10/16/18 07:40:28 AM
#1938   Reading his bio, he looks like Mr. Cannabis Miami Sun 10/16/18 07:36:05 AM
#1937   Auxly CEO Chuck Rifici Business Profile on LinkedIn https://www.linkedin.com/in/crifici/?originalSub WeedWarrior 10/16/18 07:13:32 AM
#1936   https://www.cbc.ca/news/business/cannabis-greenhouse-boom-1.4863171 Greenhouse Growers Turn to Canna WeedWarrior 10/16/18 07:11:48 AM
#1935   Does Chuck Rifici even have any experience bro? greendragon420 10/15/18 11:12:01 PM
#1934   Welcome. Good time to get in. The DD TheGreatGreenRush 10/15/18 10:39:21 PM
#1933   A lot cheaper then Aurora and just as Miami Sun 10/15/18 09:23:43 PM
#1932   Ok, I'm sold. I hope it's still about Juice Newton 10/15/18 09:02:33 PM
#1931   CBWTF Diogenes of Sinope 10/15/18 04:19:31 PM
#1930   Tomorrow should be epic. Imo Miami Sun 10/15/18 04:00:18 PM
#1929   There’s the break!!!! Miami Sun 10/15/18 03:52:34 PM
#1928   Need to break down this 1.10 wall dpick8935 10/15/18 01:00:10 PM
#1927   So undervalued here. Going to be in line Dg23 10/15/18 12:31:24 PM
#1926   Go Baby Go!!! Miami Sun 10/15/18 12:18:29 PM
#1923  Restored Better Marijuana Stock: Aurora Cannabis vs. Auxly Cannabis Group Diogenes of Sinope 10/14/18 06:19:01 PM
#1922   Patience my friends, RHF469usa 10/14/18 07:33:04 AM
#1921   This is why NOTHING ever happens with this MaximusMax 10/12/18 02:41:02 PM
#1920   3 trading days left until the 17th opens vinovista 10/12/18 09:07:16 AM
#1919   Well, didn't get 85s yesterday...or today. Bullish sign? cnote420 10/10/18 05:15:27 PM
#1918   October 17th is THE day. Townie 10/09/18 08:32:42 PM
#1917   <6 trading days until full legal. vinovista 10/09/18 10:49:50 AM
#1916   Should be able to buy around .85 today. greendragon420 10/09/18 09:39:00 AM
#1915   It is called advertising. The bigger the Mindgame 10/08/18 09:01:17 PM
#1914   Agreed. Wondered if it would make it on greendragon420 10/08/18 08:28:26 PM
#1913   Elaborate? greendragon420 10/08/18 08:03:00 PM
#1912   Not really, they all do. You are just singhinvestor16 10/08/18 05:13:07 PM
#1911   I find these comparisons interesting plceo100 10/08/18 03:37:34 PM
#1910   Love the liquidity on this one pennymanking 10/08/18 01:37:10 PM
#1909   http://marijuanastox.com/this-one-undiscovered-pot-stock-could-help-investors-ca jto12345 10/07/18 07:08:41 PM
#1908   Auxly CEO Chuck Rifici on CBC Radio 10/06/2018 https://www.cbc.ca/radio/thehouse/the-house-ottawa-s- WeedWarrior 10/06/18 02:26:17 PM
#1907   Maybe someday Auxly will uplist to nyse or TheDeadCrab 10/06/18 05:28:44 AM
#1906   Why Auxly Should Be #1 Amongst Its Peers https://lnkd.in/daMsAsJ WeedWarrior 10/05/18 06:06:47 PM
#1905   I think the Alpha article brought this to Mindgame 10/05/18 04:09:57 PM
#1904   seeking alpha article on Auxly. Eternal101 10/05/18 03:41:47 PM
#1902   when will Auxly have product to sell? jto12345 10/05/18 03:25:15 PM
#1901   There is no postponement, only changes to age Mindgame 10/05/18 02:09:07 PM
#1900   May get postponed PocketKK 10/05/18 12:47:41 PM
#1899   Less than 2 weeks before legalization and Canadian Mindgame 10/05/18 12:18:19 PM
#1898   Big fan of this company's plan. I would singhinvestor16 10/04/18 05:15:49 PM
#1897   Can they just extend the warrants which happens often. singhinvestor16 10/04/18 05:15:12 PM
#1896   I wonder that market cap will be. canadiancannaexpert 10/04/18 11:46:28 AM
#1895   Is that picture supposed to convince investors? canadiancannaexpert 10/04/18 11:36:55 AM
#1894   9 trading days. vinovista 10/04/18 12:26:02 AM
#1893   Why is KGK Science so excited? Read on... https://twitter.com/KGKScience/status/1047567143363985408 WeedWarrior 10/03/18 10:55:51 PM
#1892   What's up with Auxly affiliate Dixie Elixirs global WeedWarrior 10/03/18 10:34:10 PM
#1891   Mr. Rifici's been busy as of late... https://www.instagram.com/p/BofCqObnJrM/?utm_source=ig_twit WeedWarrior 10/03/18 09:47:55 PM