Auxly Cannabis Group Inc. (OTCMKTS:CBWTF) has been touted as an investment company primarily serving the cannabis industry by funding cannabis facility construction, operations and initial construction. In a recent article on Auxly and its investment activities, the Oracle Dispatch discussed the company’s announcement on the closing of an investment which will fund the remaining construction of Lotus Ventures Inc’s (CSE:J) 22,500-square-foot facility in Armstrong, BC.
Lotus Ventures is a medical cannabis company in the final stages of the Access to Cannabis for Medical Purposes Regulations (ACMPR) license application process and focused on developing high-quality cannabis at a low cost of production.
“Lotus is a partner that we value deeply, having been part of the original cohort of streaming partners at the inception of Auxly,” Hugo Alves, President of Auxly, is quoted as saying. “We are incredibly pleased to be making this subsequent investment into Lotus to complete the buildout of the first phase of their current facility in Armstrong, British Columbia. We continue to look forward to working closely with Lotus’ team to design and build out additional phases of this asset.”
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