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Auxly Cannabis Group Inc T.XLY

Alternate Symbol(s):  CBWTF

Healthcare
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

Auxly Cannabis Group Inc > End coming soon
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Post by settoretireon Jul 25, 2022 11:29am
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Post# 34848137

End coming soon

End coming soonCantor Fitzgerald analyst Pablo Zuanic on Monday downgraded Canadian cannabis companies Auxly Cannabis Group Inc. cbwtf ca:xly and Fire & Flower Holdings fflwf ca:faf to neutral from buy in the wake of steep price competition in the sector. Zuanic cut his price target for Fire & Flower to C$2.60 ($2.02) a share from C$9.50 a share in the wake of "more draconian measures on the pricing front than management may have initially envisaged." Zuanic reduced his price target for Auxly to C$0.08 a share from C$0.20. "We think Auxly could still be an attractive target...but the convertible debt held by [British tobacco company] Imperial Brands uk:imb may deter interested parties," Zuanic said.
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