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Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Starts to Build Out Its Strategic Portfolio

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There aren’t too many stocks in the cannabis space that might be considered “beaten down” at this point, but Auxly Cannabis Group Inc (OTCMKTS:CBWTF) may qualify. This is one of the few stories in the space that remains well under its 200-day moving average line, and well off its 2018 highs despite rampant speculation in the group over recent weeks.

To help spur some possibly much-deserved catch-up action, the company just recently announced that it has completed a strategic investment in Kaneh Bosm BioTechnology Inc. (OTC:KNHBF), and has entered into an additional commercial rights agreement with Kaneh Bosm as well. According to the release, “The Transaction provides Auxly access to a significant and established portfolio of international cannabis licences, assets and distribution networks. As a result of the Transaction, Auxly believes that it has substantially accelerated its entry into numerous international cannabis markets and partnered with an ambitious team focused on future growth.”

Auxly Cannabis Group Inc (OTCMKTS:CBWTF), earning a current market cap value of $500.16M, is an investment company that seeks to provide investor returns through streams and capital appreciation in the Canadian cannabis industry.

The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!

The company has positioned itself through its own communications as such: “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.”

The company operates as a cannabis streaming company. It provides funding for cannabis facility expansions, operations, and initial construction in exchange for minority equity interests and a portion of the cultivation production.

The company was formerly known as Knightswood Financial Corp. and changed its name to Cannabis Wheaton Income Corp. in May 2017. Cannabis Wheaton Income Corp. was incorporated in 1987 and is based in Vancouver, Canada, and became known as Auxly Cannabis Group Inc over recent months.

 

Who’s the Bosm

Above, we noted that Auxly Cannabis Group Inc (OTCMKTS:CBWTF) shares have been struggling a bit relative to some other names in the cannabis space. However, the company has been beefing up its strategic investment portfolio, including its recent move to push exposure into Kaneh Bosm.

Hugo Alves, President and Director of Auxly, stated: “Auxly’s investment in Kaneh Bosm represents another synergistic partnership that adds depth to the Auxly platform. This time, however, the partnership substantially expands our platform on an international scale. We commend Eugene and his team on the work they have done in acquiring the valuable platform of assets that make up Kaneh Bosm and we look forward to working together to build a meaningful international asset base.”

Eugene Beukman, Chief Executive Officer and Director of Kaneh Bosm, stated: “We are very fortunate to have attracted a partner like Auxly. Their support is a further validator of our conviction that international opportunities in the right jurisdictions are likely to represent the next major growth and focus area for capital, as these significant markets mature and develop. Our licences and target licences in Europe and Latin America blanket a massive population of eligible and interested consumers.”

Auxly Cannabis Group Inc (OTCMKTS:CBWTF) shares have seen 5% in gains over the past month, overall. The stock has benefitted from a jump in recent trading volume to the tune of 34% beyond its prior sustained average level. The company has a strong balance sheet, with a debt-to-equity ratio of 0.26, according to data from its most recent quarterly report.

The company is finally pulling in revenues, though we are seeing sequential declines over the past two quarters.

Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!

   

Learn More About PLSI at your brokerage today!

         

Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Trade


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Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Play