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Auxly Cannabis Group Inc T.XLY

Alternate Symbol(s):  CBWTF

Auxly Cannabis Group Inc. is a Canada-based consumer packaged goods company in the cannabis products market. The Company is focused on developing, manufacturing and distributing branded cannabis products. The Company's brands include Parcel, Back Forty, Foray, Dosecann and Kolab Project. It provides various products, including vaporizers, edibles, dried flowers, pre-rolls, capsules and oils and concentrates. The Company's subsidiaries include Auxly Charlottetown Inc., Auxly Ottawa Inc., Auxly Annapolis Inc., Auxly Annapolis OG Inc., and Auxly Leamington Inc.


TSX:XLY - Post by User

Bullboard Posts
Post by Chrysanthalason Jun 13, 2018 6:00pm
583 Views
Post# 28168606

Of course its dropping....Dumb A$$’es

Of course its dropping....Dumb A$$’esThere is barely any revenue to support its price at these levels.  That being said it hardly needs to sell anything to support its price at these levels.  I think around 10,000kg sold would support its price at 1.50 range.  Seeing as how its not really in operation yet and hasn’t sold a gram its all based on deals and expectations.  That being said, by 2019... Auxly will start to move a lot more product and can expect to see sales revenue.  

I’m not doing the napkin math but lots of LP’s are in the same boat.  Acb has exactly how mich production? Yada yada... in2 years they’ll have a lot but right now, 4 months from now.  They are buying it wholesale already just to meet their medical demand.  So enough you goons, yes its dropping but thats expected.  To expect it to go up by itself without supporting financials is silly.  Shorts are here because they know how silly it is.  When they start actually selling though expect to see some large gains.
Bullboard Posts