Auxly Cannabis Group Inc (CBWTF)

[europa7]

NEWS: Horizons Adds New Cannabis Stocks to Its ETFs
After a difficult quarter for the marijuana sector, two of the most successful cannabis ETFs have added to their basket of stocks.

https://realmoney.thestreet.com/investing/cannabis/horizons-adds-new-cannabis-stocks-to-its-etfs-14828608?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

"This has been a difficult quarter for the Marijuana sector, and the slowdown in growth contributed to fewer names being added to HMMJ's portfolio" said Steve Hawkins, President and CEO of Horizons ETFs. "Long-term, we believe there are still quite a few drivers of growth for the sector, including the growth of global medical marijuana opportunity and continued liberalization of marijuana laws in the U.S. Both of these factors could help drive Marijuana stocks further in 2019".

The HMMJ added the following companies:

Auxly Cannabis

Auxly was once known as Cannabis Wheaton and is a group of entrepreneurs that invest strategically in cannabis companies. As of the third quarter the company had over $236 million in cash and cash equivalents. The company's platform is characterized by three different verticals: Upstream, Midstream and Downstream. The upstream segment acquires cultivation capacity. The midstream focus is on intellectual property and the downstream is centered on the distribution channel.

In the company's last quarterly report it said that it's cornerstone midstream asset Dosecann entered into a definitive international supply agreement with Aphria (APHA) . Auxly also said that its acquisition of KGK Science will bring clinical study and research study capabilities in-house to support the Dosecann product pipeline expected to launch in late 2019.