Auxly Reports Q1 2019 Financial Results and Highlights Key Milestones

Auxly Reports Q1 2019 Financial Results and Highlights Key Milestones
Auxly Reports Q1 2019 Financial Results and Highlights Key Milestones
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Auxly Cannabis Group Inc. (TSX.V - XLY) (OTCQX: CBWTF) today released its financial results for the three months ended March 31, 2019. These filings and additional information regarding Auxly are available for review on SEDAR at www.sedar.com. 


Q1 2019 Highlights
  • Advanced product R&D, formulation and manufacturing at Dosecann in preparation for the legalization of derivative cannabis products:
  • Progress has been made in several areas including extraction of flower to cannabis resin and development of edible product formulations, with a full product suite to be completed during the third quarter of 2019 
  • Successful production of oil in a bottle for sale in the second quarter of 2019
  • Completed first sales of dried cannabis flower
  • Advanced the process for receipt of Kolab’s oil sales approval
  • Continued to work with joint venture partner Sunens as it completes phase one of a state-of-the-art greenhouse facility in 2019, with construction anticipated to be fully completed by December 2019
  • Receipt of Robinsons cultivation and processing licence in Nova Scotia; progress made towards Robinsons flower sales approval by the third quarter of 2019
  • Advanced construction of Kolab’s Lloydminster store, with anticipated opening date in early Q3 2019
  • Inverell awarded a licence for scientific research and development of novel non-psychoactive cannabis strains for registration
  • KGK applied for a research and development licence under the Cannabis Act, which is under final review by Health Canada
  • Made progress toward the development of a clinical study plan at KGK to support the safety, efficacy and quality of Dosecann products
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Business, Cannabis News, Investing News