Auxly Cannabis Group Inc. T.XLY

@ the Bell: Markets come roaring back

[Jon Brown]

After a few lacklustre sessions, Canada's main stock index joined markets across the globe in a higher trading day on Friday read article.

[Jon Brown]

Equities in Canada’s largest edged up on Thursday, all over a pause in US rate hikes and the passing of a bill to suspend the debt ceiling. read article.

[Jon Brown]

Investors often keep focused on the most consistent plays, when times of renewed uncertainty rears its head in the markets. read article.

[Goldluck]

Doubt it will help sales.  Really need is for US to legalize marijuana to put some wind under the wings of  these struggling cannabis companies.

[PressRelease]

TORONTO, May 30, 2023 /PRNewswire/ - Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) ("Auxly" or the "Company"), a leading consumer packaged goods company in the cannabis products market, announced today that it has transitioned all remaining dried flower and pre-roll cannabis product...read article.

[SCQuin]

The PM said recently that legalization was about public health not creating a viable industry. So it is unlikely that  potency limits will change and the illegal market will continue to thrive

[1hot-techwoman]

https://www.cbc.ca/news/business/cannabis-rules-competition-bureau-1.6855729

[SCQuin]

https://mjbizdaily.com/canadas-taxman-targets-cannabis-excise-debts/

[SCQuin]

The truth is there is no "potential " in Canada unless you are medical, illegal, native or goverment. OCS now had so much money that they have expanded their mandate to social reform...lol.

[1hot-techwoman]

Dumping there shares?? 115,000 traded for the day......Thats nothing !! We are at the bottom now and no where to go but up IMHO !!! There doing $24 million a Q in Rev's and growing as per last

[bowmore]

On page 16 in the MDA it is stated that "to address its financing requirements, the company will seek financing through debt and equity financings and non-core asset sales". So more dilution

[srtman03]

Ill take some more at $0.015 !! People giving away there shares for nothing...all planned as company is growing and turning profitable !!!  Q1 2023 Highlights -- Total net revenues of $24.0

[SCQuin]

Look at the post Q1 ER and you will see 100 M shares for sale @ 0.2 cents....also the bid is at 1.0 cents. This is not an hopeful picture.

[1hot-techwoman]

950% increase from here....what am I missing? :) Market Cap $15.0M Revenue (TTM) $94.5M Shares

[SCQuin]

Yes it is hard to imagine that the SP could get worse but the bid/ask points to just that...brutal.

[settoretire]

What are they going to say.... give us a chance. No capital,no future earnings, status at 5+ %. Going nowhere imho. Trouble is I have to much invested to take this big a hit. Ride er till she bucks I

[1ProStar]

ttps://seekingalpha.com/pr/19332528-auxly-reports-q1-2023-financial-results?hasComeFromMpArticle=false

[Betteryear2]

Auxly's management team will host a conference call today, Monday, May 15, 2023, at 10:00 a.m. EST to discuss its financial results Investors - This is Auxly. or playback