Cannabis ein sicherer mid-bigcap- Hafen?
Zitat:
ORIGINAL: Auxly Announces Signing of Definitive Joint Venture Agreement With Peter Quiring to Build State-Of-The-Art 1.4 Million Square Foot Greenhouse
2018-06-18 07:00 ET - News Release
VANCOUVER, British Columbia, June 18, 2018 (GLOBE NEWSWIRE) -- Auxly Cannabis Group Inc. (TSX-V:XLY) ("Auxly" or the "Company") is pleased to announce that further to its previously announced transaction on February 16, 2018, the Company has entered into a definitive joint venture agreement with Peter Quiring, one of Canada’s largest greenhouse builders and operators, via a newly formed subsidiary (the "JVCo"), to develop, construct and operate a fully-automated, state-of-the-art, purpose-built greenhouse for cannabis cultivation in Leamington, Ontario (the "Facility").
Pursuant to the agreement, Mr. Quiring, through South Essex Fabricating, will be responsible for the design, construction and operation of the Facility, and the Company will be responsible for funding the project and assisting JVCo in obtaining its ACMPR license for the cultivation and sale of cannabis (the “License”) by providing JVCo with all of the resources and expertise necessary to achieve the License. The Company expects to finance the multiple phases of construction of the Facility with cash on hand and alternative sources of non-dilutive financing, where available.
The Facility will be designed as a hybrid greenhouse with a supplemental indoor facility to optimize operational efficiencies. The initial phase of the project has been designed with a footprint of 1,400,000 square feet (“Phase I”) while additional phases of the project contemplate an expansion of up to a total of 2,800,000 square feet. JVCo has acquired 100 acres of land for the development of the Facility which is fully powered with sufficient electricity for Phase I and the future expansions.
The parties are actively working to finalize the construction budget and timeline associated with the development of Phase I. At this time the Company expects that, subject to necessary approvals, the construction of the Facility will commence during the summer of 2018, with completion and commissioning occurring by the end of Q3 2019 and planting commencing shortly thereafter.
Hugo Alves, President of Auxly, stated: “The combination of being the largest builder of greenhouses in Canada and the experience of operating 175 acres of greenhouses in Canada and the United States, truly places Peter in a league of his own. As a cornerstone partnership in the Auxly platform, JVco is a unique opportunity to achieve large-scale, low cost production of cannabis with one of North America’s premier greenhouse operators. Upon completion, this upstream project will be a significant source of product into our midstream value-add and downstream distribution channels. We look forward to building a state-of-the art facility with Peter and his team and a long and successful business partnership.”
Peter Quiring, Founder and President of Nature Fresh Farms and South Essex Fabricating, and CEO of JVCo, commented "We could not be more pleased to have reached a definitive agreement on this project. The depth of knowledge, execution capabilities and work ethic possessed by the Auxly team is unique to anything else we have seen in the industry. We are excited to move this project into the execution phase to build out a truly world-class cannabis cultivation project that will benefit both the community of Leamington and the broader Canadian cannabis industry.”
In consideration for the agreement, the Company will issue 5,250,000 common shares to Mr. Quiring at a price of $1.12 per share, with 1,250,000 common shares to be issued upon the closing of the transaction, and the remainder to be held in escrow and released in tranches corresponding to the achievement of certain operational and performance milestones. The Company will also issue 10,000,000 common share purchase warrants (the “Warrants”), where 2,000,000 Warrants will vest upon the closing of the transaction and the remainder will vest in tranches corresponding to the achievement of certain operational and performance milestones. The Warrants are exercisable at a price of $1.57 per share and have a term of five years from issuance.
The completion of the transaction, including the issuance by the Company of the common shares and the Warrants, is subject to approval by the TSX Venture Exchange.
ON BEHALF OF THE BOARD
"Chuck Rifici" Chairman & CEO
About Auxly Cannabis Group Inc. (TSX-V:XLY)
Auxly Cannabis Group 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 brand values, and all share a common goal—to build a world-class industry based on ethics, diversity, quality and innovation.
Investor Relations:
For more information about investing in Auxly Cannabis Group, please visit: http://www.auxly.com or contact our Investor Relations Team:
Email: IR@auxly.com
Phone: 1-833-695-2414
Stay Connected:
Follow up on Twitter @Auxlygroup
Media Enquiries (only):
For media enquiries or to set up an interview please contact:
Sarah Bain, VP External Affairs
Email: sarah@auxly.com
Phone: 613.230.5869
Notice Regarding Forward Looking Information:
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. This information is only a prediction. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking information includes, but is not limited to: the proposed licensing of the Facility and the expected timing to obtain all necessary licenses required for the proposed operation of the Facility, political change, future legislative and regulatory developments involving cannabis; competition and other risks affecting the Company in particular and the cannabis industry generally.
A number of factors could cause actual results to differ materially from a conclusion, forecast or projection contained in the forward-looking information in this release including, but not limited to, whether: JVCo is able to obtain and maintain a cultivation and sales license; the Facility can be completed in the manner currently proposed or at all; JVCo can obtain all necessary governmental and regulatory permits and approvals for the Facility, and whether such permits and approvals can be obtained in a timely manner; and general economic, financial market, regulatory and political conditions in which the Company and JVCo operate will remain the same. Additional risk factors are disclosed in the revised annual information form of the Company for the financial year ended December 31, 2017 dated May 24, 2018.
New factors emerge from time to time, and it is not possible for management to predict all of those factors or to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The forward-looking information in this release is based on information currently available and what management believes are reasonable assumptions. Forward-looking information speaks only to such assumptions as of the date of this release. In addition, this release may contain forward-looking information attributed to third party industry sources, the accuracy of which has not been verified by the Company. The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. Readers should not place undue reliance on forward-looking information contained in this release.
The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
© 2018 Canjex Publishing Ltd. All rights reserved.
Wenn ich nicht schon dick drin wäre (mittlerweile 90000€) dann würde ich jetzt einsteigen!
Die Short Seller müssten bald gegrillt werden, weil Chuck Rifici sich schon zu wehren weiß.
Auxly Cannabis, Quiring joint venture agreement
2018-06-19 17:41 ET - Property Agreement
https://www.stockwatch.com/News/...624820&symbol=XLY®ion=C
The TSX Venture Exchange has accepted for filing documentation in connection with a partnership dated June 15, 2018, between the company, Peter Quiring, in his capacity as the sole trustee of The Peter Quiring Family Business Trust, 2633867 Ontario Inc. and 10841862 Canada Inc. (the joint venture company), whereby the company will acquire 4.5 million Class 1 common shares of the joint venture company. Under the joint venture agreement, the parties will build a greenhouse for cannabis cultivation in Leamington, Ont. Consideration of 5.25 million common shares of the company and 10 million share purchase warrants that are exercisable into common shares of the company at $1.57 per share for a five-year period. The shares and warrants will be subject to escrow and will be released in tranches upon the achievement of certain performance targets.
© 2018 Canjex Publishing Ltd. All rights reserved.
Auxly Cannabis, Tombar Investments term sheet
Auxly Cannabis, Tombar Investments term sheet
Auxly Cannabis, Tombar Investments term sheet
https://www.stockwatch.com/News/...624795&symbol=XLY®ion=C
2018-06-19 17:03 ET - Property Agreement
The TSX Venture Exchange has accepted for filing a term sheet dated Oct. 11, 2017, between Auxly Cannabis Group Inc. and Tombar Investments International Inc., whereby the company has the option to enter into an exclusive partnership agreement for a period of 10 years to collaborate and partner on cannabis distribution and retail opportunities in Gateway's retail locations permitted by applicable law. As consideration for the exclusivity period, the company will issue one million warrants at an exercise price of $1 per share for a period of five years from the date of the new release dated Oct. 16, 2017.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-06-19 17:03 ET - Property Agreement
The TSX Venture Exchange has accepted for filing a term sheet dated Oct. 11, 2017, between Auxly Cannabis Group Inc. and Tombar Investments International Inc., whereby the company has the option to enter into an exclusive partnership agreement for a period of 10 years to collaborate and partner on cannabis distribution and retail opportunities in Gateway's retail locations permitted by applicable law. As consideration for the exclusivity period, the company will issue one million warrants at an exercise price of $1 per share for a period of five years from the date of the new release dated Oct. 16, 2017.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-06-19 17:03 ET - Property Agreement
The TSX Venture Exchange has accepted for filing a term sheet dated Oct. 11, 2017, between Auxly Cannabis Group Inc. and Tombar Investments International Inc., whereby the company has the option to enter into an exclusive partnership agreement for a period of 10 years to collaborate and partner on cannabis distribution and retail opportunities in Gateway's retail locations permitted by applicable law. As consideration for the exclusivity period, the company will issue one million warrants at an exercise price of $1 per share for a period of five years from the date of the new release dated Oct. 16, 2017.
© 2018 Canjex Publishing Ltd. All rights reserved.
Habe schon lange nichts von Chucke Rifici gehört, habe die ersten Aktien unter 0,50€ Cent
Kaufen können konnte jetzt noch mal nachlegen mein Durchschnitt liegt bei 0,74 cent bei einer Aktien Anzahl 27.000 Stück.
MfG
Rocky
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Wertpapier: Auxly Cannabis Group In |
https://www.stockwatch.com/News/...625002&symbol=XLY®ion=C
Auxly Cannabis Group Inc
Symbol C : XLY
Shares Issued 552,620,740
Close 2018-06-19 C$ 1.06
Recent Sedar Documents
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Globe says Aurora Cannabis, rivals heavily shorted
2018-06-20 08:02 ET - In the News
See In the News (C-ACB) Aurora Cannabis Inc
The Globe and Mail reports in its Wednesday, June 20, edition that investors have been pushing pot stocks back near their highs as the federal government neared passage of legislation that will legalize recreational use of the drug. The Globe's David Milstead writes that shares of Canopy Growth, Canntrust Holdings, Hydropothecary, OrganiGram and Horizons Marijuana Life Sciences Index ETF have recovered much of what they lost during a recent correction. The enthusiasm comes despite questions about how profitable these companies can become under legalization, a potential that has led to extremely high valuations in the sector. That has led to intense interest in the stocks from short-sellers. IHS Markit says $2.5-billion (U.S.) in cannabis stocks are being shorted as of Monday, the highest level it has recorded. Short-sellers have significant short positions in Canopy, Aurora Cannabis, Aphria, Auxly Cannabis Group, Medmen Enterprises and Delta 9 Cannabis. All but Aurora just cracked the lists of stocks that have a high proportion of shares outstanding sold short. Nonetheless, sentiment for pot stocks is heating up again, with investors choosing to buy in at the beginning of what they see as a monster trend.
© 2018 Canjex Publishing Ltd. All rights reserved.
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Wertpapier: Auxly Cannabis Group In |
Moderation
Zeitpunkt: 22.06.18 12:37
Aktion: Löschung des Beitrages
Kommentar: Urheberrechtsverletzung, ggf. Link-Einfügen nutzen
Zeitpunkt: 22.06.18 12:37
Aktion: Löschung des Beitrages
Kommentar: Urheberrechtsverletzung, ggf. Link-Einfügen nutzen
Cannabis legalization in Canada officially law as bill receives royal assent
Quote:After a Senate vote of 52 to 29 in favour of Bill C-45, and an announcement by Prime Minister Prime Minister Justin Trudeau that recreational marijuana would officially be legal by mid-October of this year, the Cannabis Act is now officially law after receiving royal assent this morning.
Canadians will be able to legally light up beginning on October 17 of this year. The new law signals the end of a 95-year prohibition on non-medical cannabis.
Bill #C45 has received Royal Assent: https://t.co/SHR9GLJrX0 #SenCA #cdnpoli pic.twitter.com/zFxIRiF5iC
— Senate of Canada (@SenateCA) June 21, 2018
Although the proclamation date was originally projected to be in September, Trudeau said that the extra month was requested by some of the “big” provinces – particularly Quebec to ensure that regulations are in place by the time Canadians can legally light up.
Implementation was originally estimated to occur within a range of 8 to 12 weeks.
“Cannabis for non-medical use is not legal yet. The law still remains the law,” warned Justice Minister Jody Wilson-Raybould at a press conference Wednesday morning, before the Prime Minister’s announcement.
“It’s been too easy for our kids to get marijuana – and for criminals to reap the profits. Today, we change that. Our plan to legalize & regulate marijuana just passed the Senate. #PromiseKept,” Trudeau tweeted Tuesday after the Senate voted on the Cannabis Act.
The cannabis bill itself has been in the Senate since November 28.
Province looking at individual policies
Provinces like Quebec, Nunavut, and Manitoba have stated their intent to ban home growing. Current federal rules will allow provinces to set limits on the number of plants (between 1 and 4) but will not allow provinces to ban home cultivation outright.
In a statement, BC’s Minister of Public Safety and Solicitor General said the federal legislation “creates a corresponding need for provincial and territorial governments to establish cannabis-related laws and regulations.”
The provinces who want a ban are expected to take their battle to the courts sometime in the future.
Total cannabis market pegged at over $7 billion in 2019
According to a report published by Deloitte, nearly two-thirds of current cannabis consumers are likely to transition to legal channels and pay more for product post-legalization.
The total market, including medical, illegal, and legal recreational cannabis, is expected to generate up to $7.17 billion in sales in 2019.
Legal recreational sales are expected to contribute up to $4.34 billion, more than half of the total, while the illegal market may still generate at least $1 billion annually.
The cannabis bill itself has been in the Senate since November 28.
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Wertpapier: Auxly Cannabis Group In |
Denn wenn es zu sehr rauf geht ist die Gefahr eines Absturzes viel höher.
Für Neueinsteiger ist sowas (Stop Loss Welle, Panik Verkäufe) natürlich DIE Gelegenheit.
Für Trader natürlich dann auch, wenn der Rebound stattfindet und man beim Retracement wieder abwirft. Aber all das würde den schönen Chart nur verschandeln.
Ich fürchte aber schon, dass es demnächst ganz schön rauf und runter gehen wird.
Allen investierten wünsche ich gute Nerven und Vertrauen an die Entscheidung, hier investiert zu haben. Geduld wird sich mehr auszahlen, als einstellige Prozentwerte zu traden.
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Wertpapier: Auxly Cannabis Group In |
It will be interesting to see how much juice this multi-day cannabis rally has remaining before sanity returns. As per trend, the Tier-3’s generally start rallying near the later innings of major sector inflows
"BMO bought deal misfile by MMCAP.
-I have inquired directly with the head honchos and gotten a clear answer as to what happened and how it works.
- MMCAP is confirmed to have incorrectly filed their deal as being done at $1.10.
- MMCAP is in the process of correcting their mistake to the proper $1.40.
- In terms of the breakout between common shares & warrant pricing: excerpt from prospectus supplement filed as part of the financing - "The Corporation intends to allocate $1.068 (the "Unit Share Price") of the Offering Price as consideration for the issue of each Unit Share comprising a part of each Offered Unit and $0.332 of the Offering Price as consideration for the issue of each half of one Warrant comprising a part of each Offered Unit." - so that puts to end the speculation on that AND explains why XLY dropped to $1.06 approx. - IMPORTANT POINT: This was part of the accounting requirement to value and break out the warrant so everyone can take their own approach to valuing the warrant. At this point the warrant is now valued based on buyers and sellers.
Hope this clears all of that up. And obviously at this point the market is moving past these events, as is always the case eventually....just need some patience."
Quelle: Auxly-Investor-Group bei Facebook