Auxly Announces Receipt of Sales Licence for Premium Craft Cannabis Brand Robinsons
20 May 2020 - 9:30PM
Auxly Cannabis Group Inc. (TSX.V -
XLY) ("
Auxly" or the
“
Company”), a consumer packaged goods company in
the cannabis products market, is pleased to announce that its
wholly owned subsidiary Robinsons Cannabis Inc.
(“
Robinsons”) has been authorized by Health Canada
to sell dried cannabis to provinces and territories under the
Cannabis Regulations. This sales licence expands Auxly’s product
portfolio to include artisan hand-crafted cannabis flower for the
premium craft market, which the Company expects to be available in
select Canadian provinces this summer.
“We couldn’t be more excited to obtain this sales
licence for Robinsons – a key milestone for Auxly as we continue to
execute against our vision of being a leader in branded cannabis
products,” said Hugo Alves, CEO of Auxly. “Congratulations to the
talented team at Robinsons who are growing what I believe is the
best cannabis in Canada, and special thanks to Health Canada for
their ability to facilitate this licence in the midst of unique
challenges presented by the COVID-19 pandemic.”
Since obtaining the initial cultivation licence,
Robinsons has been growing small-batch premium cannabis at its
27,700 sq. ft. state-of-the-art facility in Kentville, Nova Scotia.
Robinsons’ cultivation methodologies are premised on an
uncompromising commitment to quality and craftsmanship, all
overseen by Founder and Master Grower Andrew Robinson. Robinsons’
focus on quality and flavour results in a uniquely premium product
for the cannabis connoisseur. For more information about Robinsons,
go to robinsonscannabis.com.
ON BEHALF OF THE BOARD
"Hugo Alves" CEO
About Auxly Cannabis Group Inc. (TSX.V:
XLY)
Auxly is an international cannabis company
dedicated to bringing innovative, effective, and high-quality
cannabis products to the medical, wellness and adult-use markets.
Auxly's experienced team of industry first-movers and enterprising
visionaries have secured a diversified supply of raw cannabis,
strong clinical, scientific and operating capabilities and leading
research and development infrastructure in order to create trusted
products and brands in an expanding global market.
Learn more
at www.auxly.com and stay up to date at
Twitter: @AuxlyGroup; Instagram: @auxlygroup; Facebook:
@auxlygroup; LinkedIn: company/auxlygroup/.
Investor Relations: For investor
enquiries please contact our Investor Relations Team:
Email: IR@auxly.com Phone: 1.833.695.2414
Media Enquiries (only): For
media enquiries or to set up an interview please contact:
Email: press@auxly.com
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. 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 operation of the Robinsons facility; the
successful production and launch of Robinsons products; the
Company’s execution of its product development and
commercialization strategy; consumer preferences; political change,
future legislative and regulatory developments involving cannabis
and cannabis products; and 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: Robinsons is able to
maintain its sales licence and is able to obtain and maintain all
other necessary governmental and regulatory authorizations and
permits to conduct business; the acceptance and demand for
Robinsons products by consumers and provincial purchasers; and
general economic, financial market, regulatory and political
conditions in which the Company operates will remain the same.
Additional risk factors are disclosed in the annual information
form of the Company for the financial year ended December 31, 2019
dated May 13, 2020.
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 Auxly’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 Auxly. 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, Auxly 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.
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