Myconic Capital To Purchase Auxly's KGK Science For Up To $16.5M

Auxly Group Inc. (OTCQX: CBWTF) announced Thursday that it's selling KGK Inc. to Myconic Capital Corp. (NEO: MEDI).

The Vancouver-based investment company agreed to purchase KGK for up to $16.5 million.

Transaction Details: The sum Myconic has agreed to pay includes $12.5 million purchase price, $1.5 million payable if KGK achieves gross revenues of $8 million in any 12 months over the two years following the closing and $2.5 million credit against future KGK services to Auxly within the next 10 years.

The purchase price consists of $1.5 …

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