Feb 7 (Reuters) - Auxly Cannabis Group Inc XLY.V :
* AUXLY ANNOUNCES TERMINATION OF FSD PHARMA JOINT VENTURE
* AUXLY ANNOUNCES TERMINATION OF FSD PHARMA JOINT VENTURE
* AUXLY CANNABIS GROUP - CO IDENTIFIED CONTRACTUAL BREACHES RELATING TO FSD PHARMA'S MANAGEMENT AND STAFFING OBLIGATIONS OF JV FACILITY
* AUXLY CANNABIS GROUP - ON JAN 17, PROVIDED NOTICE TO FSD PHARMA OF SUCH BREACHES IN HOPES THAT FSD PHARMA WOULD WORK WITH COMPANY TOWARD A RESOLUTION
* AUXLY CANNABIS GROUP - TERMINATION OF JOINT VENTURE ARRANGEMENT WITH FSD PHARMA DOES NOT MATERIALLY IMPACT CO'S STRATEGY NOR SUPPLY PIPELINE
* AUXLY CANNABIS GROUP INC - RESERVES ALL OF ITS RIGHTS UNDER AGREEMENT WITH FSD PHARMA
* AUXLY CANNABIS GROUP- WILL EXPLORE STRATEGIC ALTERNATIVES FOR ABOUT $50 MILLION IN CAPITAL THAT WAS EARMARKED FOR FSD PHARMA, NOW AVAILABLE FOR DEPLOYMENT
* AUXLY CANNABIS GROUP INC - CO ASLO IDENTIFIED "SIGNIFICANT CONCERNS" REGARDING CERTAIN ASPECTS OF JV'S BUILDINGS' INFRASTRUCTURE
* AUXLY CANNABIS GROUP INC - FSD PHARMA FAILED TO REMEDY ITS BREACHES AND INSTEAD PURPORTED TO TERMINATE AGREEMENT EFFECTIVE FEBRUARY 6, 2019