Auxly Stock: Cultivation and Purchase Agreement with PEI Hemp Farmers

Auxly stock

Last week, Auxly Cannabis Group (TSXV:XLY) (OTCQX:CBWTF) announced the signing of an $84 million term sheet. This week, the British Columbia-based cannabis company announced that it’s entered into a hemp cultivation and purchase agreement. The news is quite significant for the company, the cannabis industry, and the province of Prince Edward Island. But Auxly stock is still trading in the red.

Here’s what we know.

Auxly Stock Down Despite Cultivation and Purchase Agreement

Yesterday, Auxly Cannabis Group announced that it’s entered into a hemp cultivation and purchase agreement; for this agreement, the Vancouver company ...

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