Auxly Obtains $3M In Funding. Will this bring BULLS to play ?

CBWTF
Hi Traders .

Another play came sorted out from the sea, following a good news .....

"Consumer packaged goods company Auxly Cannabis Group Inc. (TSX.V: XLY) (OTCQX: CBWTF) secured an additional $3 million in funding.

The agreement was worked out through a previously announced unsecured convertible debenture standby facility.

Under the $25 million financing deal, Toronto-based Auxly agreed to issue convertible debentures to the investor in tranches, with an initial tranche of $1.25 million.

The latest tranche, which was announced Friday, includes convertible debentures issued to an indisclosed investor at $0.305 per the company's common share.

The investor also obtained warrants to buy some 5.4 million Auxly's common shares at $0.366 per share."

Meanwhile, the company's quarterly earnings report revealed the company had reached a record revenue of $9.9 million during the first three months of the 2020 fiscal year.



My perspective info on the chart . Will be watching Monday opening and behavior .

As always you opinions are more than welcome .
Good possible play one this guy .

See you next time .

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