Cannabis Co. Auxly Raises $8M By Selling Units With ATB Capital Markets Inc. As The Only Agent

Auxly Group Inc. (TSX: XLY) (OTCQX: CBWTF) completed an $8 million private placement offering of units, with ATB Capital Markets Inc. acting as the only agent.

Under the offering, the vertically-integrated cannabis company issued 23.88 million units of the company with a price of $0.335 per unit.

Each unit consisted of one share of the company and one-half of one share purchase warrant. Each warrant enables the holder thereof to buy one share at a price of $0.42 per share in the following 36 months upon the …

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