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BRIEF-Auxly And Delta 9 Announce Strategic Investment And Supply Agreement

Published 2018-09-06, 07:21 a/m
Updated 2018-09-06, 07:30 a/m
BRIEF-Auxly And Delta 9 Announce Strategic Investment And Supply Agreement

BRIEF-Auxly And Delta 9 Announce Strategic Investment And Supply Agreement

Sept 6 (Reuters) - Auxly Cannabis Group Inc XLY.V :

* AUXLY AND DELTA 9 ANNOUNCE STRATEGIC INVESTMENT AND SUPPLY AGREEMENT

* AUXLY CANNABIS GROUP - CO HAS SUBSCRIBED FOR 5.9 MILLION COMMON SHARES OF DELTA 9 AT $2.75 PER DELTA 9 SHARE, REPRESENTING TOTAL INVESTMENT OF $16.3 MILLION

* AUXLY CANNABIS GROUP - CO TO RECEIVE RIGHT TO PURCHASE FIXED AMOUNT OF DRIED CANNABIS & CANNABIS TRIM FROM WINNIPEG FACILITY & EXPANSION FOR 10 YEARS

* AUXLY CANNABIS GROUP - EFFECTIVE JULY 1, 2020 & UNTIL JULY 1, 2030, CO TO HAVE RIGHT TO PURCHASE ADDITIONAL 4,000 KG/ANNUM & 400 KG CANNABIS TRIM

* AUXLY CANNABIS - EFFECTIVE JAN 1, 2019 & UNTIL JAN 1, 2029, CO TO HAVE RIGHT TO BUY 1,000 KG DRIED CANNABIS/ANNUM & 100 KG CANNABIS TRIM

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