Auxly Cannabis’ International Market Expansion

Auxly Cannabis (CBWTF) is focused on expanding its presence and increasing its cultivation capacity across major international markets in South America, Africa, and Europe. On April 10, Auxly Cannabis acquired an 80% stake in the common shares of Inverell S.A. for a consideration of $15.0 million. According to Auxly Cannabis’ corporate presentation, Inverell S.A. is a licensed cannabis operator with three cultivation licenses for outdoor hemp production in Uruguay.