Canadian marijuana operator Auxly Cannabis Group sold an outdoor cultivation site in Hortonville, Nova Scotia, for proceeds of 4.1 million Canadian dollars ($3.2 million) – significantly less than what it invested in the facility.
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As of 2021, Auxly had spent roughly CA$11.4 million to build and develop the Auxly Annapolis OG outdoor cultivation facility and anticipated spending CA$3.5 million more to finish it, according to regulatory filings.
The sale to a private buyer comes shortly after Auxly sold its indoor cultivation site in Nova Scotia in July for proceeds of CA$6 million. That total was also less than Auxly spent on the facility.
Auxly, previously Cannabis Wheaton Income Corp., bought that indoor facility in a CA$14 million deal to acquire Robinson’s Cannabis in
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