Auxly Subsidiary Dosecann Partners With Medical Cannabis By Shoppers

Auxly Cannabis Group Inc. (TSX.V:XLY) CBWTF reported Wednesday that its subsidiary Dosecann LD Inc. has signed a supply agreement with Medical Cannabis by Shoppers Drug Mart’s online medical cannabis platform.

In this manner, Dosecann will supply cannabis products via the platform, making a plethora of its products and brands accessible to Canadian consumers.

The products include chocolates, oils, chewables, and vapes.

The deal has a three-year term, with an option for an extension of an extra two years.

“Having our diverse cannabis product offering with Shoppers allows us to reach a wide group of patients across the country with our quality, science-backed products,” Auxly CEO Hugo Alves said in a statement. “We are proud to partner with Shoppers and look forward to bringing their customers our products, built on Dosecann’s pillars of quality, safety and efficacy.”

Dosecann, a wholly-owned subsidiary of Auxly, produces original cannabis products with wellness features.

Auxly is an international cannabis company founded in 2017, which offers a variety of premium and original cannabis products, covering medical, adult-use and wellness markets. Recently, it has announced obtaining exclusive rights to omega-rich Ahiflower seed oil for use in its products, and several management changes.

Auxly’s shares were trading 1.04% higher at 28 cents per share on Thursday morning.

Related Links:

Cannabis 2.0: The Companies Entering Canada's New Edible, Concentrate, Topical Market

Analyst Dives Into Cannabis 2.0, Says There Are Fewer Suppliers And A More Concentrated Market

Photo courtesy of Auxly



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