TORONTO, Aug. 2, 2022
/CNW/ - Auxly Cannabis Group Inc. (TSX: XLY)
("Auxly" or the "Company"), a leading consumer
packaged goods company in the cannabis products market, is thrilled
to introduce a new extension to its Foray brand:
Edi's. While keeping true to Foray's pedigree of
approachability and accessibility, Edi's is bringing the fun back
into snacking with a bold and honest attitude that will speak to
consumers looking to enjoy an edible snack while controlling their
Launching this new brand extension into the market is Edi's
Gumdrops, a delightfully chewy, premium gummy that is bursting with
familiar flavours of lemon, lime, cherry and orange. With 20
snackable pieces per pack, these low-dosed edibles offer 0.5mg of
THC per bite - the first of its kind in Canada - allows consumers to enjoy the snacks
they love without concern of overindulging in potent THC cannabis
"As we look to continue our expansion into the growing edibles
category, we've listened to our consumers and their requests for a
more approachable and flexible dosing format," said Michael Lickver, President of Auxly.
"Canadian consumers have been restricted to enjoying only one or
two pieces of gummy or chocolate when purchasing their edibles,
leaving much to be desired. Fitting effortlessly into our
Foray brand's targeted consumer base, Edi's will enable consumers
to enjoy these new perfectly low-dosed edible products for a more
gratifying snack-like experience. We believe Edi's is the
disruptive new edible product that the Canadian cannabis consumer
has been waiting and asking for and we can't wait to show our
consumers we've been listening."
Edi's Gumdrops will be available for Canadian consumers to enjoy
by the end of August, with two additional familiar Foray consumer
favourites, CBD Blood Orange and CBN Blackberry Lavender, joining
the Edi's family later this summer.
ON BEHALF OF THE BOARD
"Hugo Alves" CEO
About Auxly Cannabis Group Inc.
(TSX: XLY) (OTCQX: CBWTF)
Auxly is a leading Canadian consumer packaged goods company in
the cannabis products market, headquartered in Toronto, Canada. The Company's focus is on
developing, manufacturing and distributing branded cannabis
products that delight wellness and recreational consumers and
deliver on its consumer promise of quality, safety and
Learn more at www.auxly.com and stay up to date at Twitter:
@AuxlyGroup; Instagram: @auxlygroup; Facebook:
@auxlygroup; LinkedIn: company/auxlygroup/.
Notice Regarding Forward Looking
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; the successful production and launch of future Edi's
products; the relevance of the Company's current and proposed
products; consumer preferences; political change, future
legislative and regulatory developments involving cannabis and
cannabis products; and competition and other risks affecting the
Company 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: there is acceptance and demand for current and
future Company products by consumers and provincial purchasers; and
general economic, financial market, regulatory and political
conditions in which Auxly operates will remain the same. 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, the Company 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
Neither Toronto Stock Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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SOURCE Auxly Cannabis Group Inc.