RE:RE:RE:RE:RE:RE:RE:Why the 3Q Investor ReactionSCQuin, may think Auxly is near production capacity but Auxly CEO, Hugo Alves has a different take on things.
Here a Hugo quote from the Q3 conference call;
..."I'm very happy to report that we finished the month of October with 7.3% share of overall market, and we did move into the number 5 spot.
And we're confident that we're going to continue to increase share over the coming months through increased distribution of our dried flower offering, and as we recently announced on November 10th, we have 18 incredible new SKU's that, we're adding to our product portfolio over the course of Q4. So, we remain on track to finish the year with between 7 % and 9 % of national market. And we're confident that we can exit the year in the number 5 spot or higher. Brian -- on the financial metrics -- Brian is going to give you a lot more color later in the presentation, but I'll note here that, we organically grew net revenues from recreational cannabis sales to C$24.5 million."
Sounds to me like Hugo has no concerns about Auxly having reached peak capacities. Pretty sure there's room for continued growth.
Hang in there mates!
cheers