Auxly and Kindred Announce Canadian Brokerage Agreement
September 18 2019 - 07:30AM
Auxly Cannabis Group Inc. (TSX.V - XLY)
("
Auxly") and Kindred Partners Inc.
(“
Kindred”) are pleased to announce that they have
entered into a brokerage agreement pursuant to which Kindred will
act as Auxly’s exclusive sales agent for its adult-use cannabis
products in Canada.
Kindred, a wholly-owned subsidiary of Breakthru
Beverage Group, is a Toronto-based specialty cannabis brokerage
serving the adult-use market. Kindred leverages the deep experience
of its sister-company, Breakthru Beverage Canada, in working with
Canadian Provincial control boards, licensed distributors and
retailers to broker regulated cannabis products for the adult-use
market. Kindred will provide its brokerage services to Auxly and
use its national presence to market the company’s portfolio of
brands nationwide. Auxly is well positioned to be a leader in the
Canadian cannabis market, as consumers across the country will have
access to Auxly’s innovative cannabis products under its four
in-house brands – Dosecann, Kolab, Robinsons and Foray.
“We are excited to work with the innovative team
at Auxly to help them execute on their route-to-market and retail
sales strategy,” said Dave Prodanovic, VP and General Manager,
Kindred. “Kindred has an experienced, best-in-class sales team,
supported by scaled services and technology, to help Auxly grow
their brands and attract customers and consumers across
Canada.”
“Having Kindred as our sales and brokerage
partner is a fantastic complement to the strong relationships that
we continue to build with the provincial boards and accelerates our
vision of becoming a leader in the derivative cannabis product
market,” said Jeff O’Neill, Head of Commercial at Auxly. “Auxly is
committed to being a consumer-focused organization and we look
forward to working with Kindred to introduce Canadians to our
portfolio of high-quality cannabis products and gaining consumer
trust for our brands. We believe that with Kindred’s proven track
record and our incredible portfolio of branded cannabis products,
we are well positioned to lead this next wave of the cannabis
industry.”
ON BEHALF OF THE BOARD“Chuck Rifici"
Chairman
About Auxly Cannabis Group Inc. (TSX.V:
XLY) (OTCQX: CBWTF)Auxly is an international cannabis
company dedicated to bringing innovative, effective, and
high-quality cannabis products to the medical, wellness and
adult-use markets. Auxly's experienced team of industry
first-movers and enterprising visionaries has secured a diversified
supply of raw cannabis, strong clinical, scientific and operating
capabilities and leading research and development infrastructure in
order to create trusted products and brands in an expanding global
market.Learn more at www.auxly.com and stay up to date at Twitter:
@AuxlyGroup; Instagram: @auxlygroup; Facebook:
@auxlygroup; LinkedIn: company/auxlygroup/.
About Kindred Partners
Inc.Kindred Partners Inc. is a wholly-owned Canadian
subsidiary of Breakthru Beverage Group representing cannabis
products to the Canadian recreational market. This dedicated
cannabis sales brokerage business operates independently
from its sister company, Breakthru Beverage Canada, a leading
Canadian beverage alcohol broker. For more information, please
visit www.kindredcanada.ca.
Auxly Investor Relations and Media
Enquiries:For investor enquiries please contact our
Investor Relations Team:Email: IR@auxly.comPhone:
1.833.695.2414
For media enquiries or to set up an interview
please contact:Sarah Bain, VP External AffairsEmail:
sarah@auxly.comPhone: 613.230.5869
Kindred Media Enquiries:For
further information or to arrange an interview, please contact:
Robb Kristopher, Breakthru Beverage GroupEmail:
rkristopher@breakthrubev.comPhone: 708-298-3352
Notice Regarding Forward-Looking
Information:
This news release contains certain
"forward-looking information" within the meaning of applicable
Canadian securities law. Forward-looking information is frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or
information that certain events or conditions "may" or "will"
occur. This information is only a prediction. Various assumptions
were used in drawing the conclusions or making the projections
contained in the forward-looking information throughout this news
release. Forward-looking information includes, but is not limited
to: the Company's execution of its product development and
commercialization strategy; consumer preferences; political change,
future legislative and regulatory developments involving cannabis
and cannabis products; and competition and other risks affecting
Auxly in particular and the cannabis industry generally.
A number of factors could cause actual results
to differ materially from a conclusion, forecast or projection
contained in the forward-looking information in this release
including, but not limited to whether: Auxly is able to obtain and
maintain the necessary governmental and regulatory authorizations
to conduct business; and general economic, financial market,
regulatory and political conditions in which Auxly operates will
remain the same. Additional risk factors are disclosed in the
revised annual information form of Auxly for the financial year
ended December 31, 2017 dated May 24, 2018.
New factors emerge from time to time, and it is
not possible for management to predict all of those factors or to
assess in advance the impact of each such factor on Auxly’s
business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking information. The forward-looking
information in this release is based on information currently
available and what management believes are reasonable assumptions.
Forward-looking information speaks only to such assumptions as of
the date of this release. In addition, this release may contain
forward-looking information attributed to third party industry
sources, the accuracy of which has not been verified by Auxly. The
purpose of forward-looking information is to provide the reader
with a description of management's expectations, and such
forward-looking information may not be appropriate for any other
purpose. Readers should not place undue reliance on forward-looking
information contained in this release.
The forward-looking information contained in
this release is expressly qualified by the foregoing cautionary
statements and is made as of the date of this release. Except as
may be required by applicable securities laws, Auxly does not
undertake any obligation to publicly update or revise any
forward-looking information to reflect events or circumstances
after the date of this release or to reflect the occurrence of
unanticipated events, whether as a result of new information,
future events or results, or otherwise.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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