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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. Its 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 also conducts wholesale bulk sales of dried cannabis to various licensed producers in Canada. Its subsidiaries include Auxly Charlottetown Inc., Auxly Ottawa Inc., and Auxly Leamington Inc. The Company’s primary Cannabis 2.0 Product development, manufacturing and R&D activities are conducted by its subsidiary Auxly Charlottetown Inc. at a cannabis processing facility located in Charlottetown, Prince Edward Island. Auxly Ottawa Inc. holds licenses for cultivation and processing and conducts the Company’s primary dried flower and pre-roll manufacturing.


TSX:XLY - Post by User

Comment by UniqueKittyon Feb 11, 2021 12:46pm
133 Views
Post# 32540951

RE:RE:RE:RE:RE:RE:RE:RE:Good

RE:RE:RE:RE:RE:RE:RE:RE:Good

Lot's of variables. Hard to say. The MMs  were obviously pretty ticked off. 

This sector wide approach has definitely opened a few eyes.

This leans toward proving the need for short sales to maintain stability and liquidity in the markets.

The retailers have raised their objections to the abusive use of Short sales and the damage it can cause to businesses and individuals who invest and act in good faith. That point has been driven home as well, I think.

The question is, is everyone satisfied with proving a point or does this become an all out war?

Time for governments and regulators to step up the rules and enforcements on Short Sales. A definition of abusive activity must be established and applied in my opinion.

If nothing happens in this vein it's anyone's guess what tomorrow brings.

As for Auxly, this company is growing  and has a bright future. Even the bankers have to admit that in a fair market it's worth more than $0.40 a share.

Hang in there mates!

cheers

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