RE:All this for only $0.01 !! Sad actually :( With cash and equivalents less than C$8million and falling along with debt in excess of 55% of total equity, Auxly's finances are completely upside down.
Sales are down year over year and the entire industry continues to suffer.
The sad thing here is a complete and utter lack of support for the legitimate businesses that seek to comply with suffocating regulations as opposed to next to zero control and enforcement of the law in regard to illegitimate Black Market operations.!
The Liberal Government that brought the industry into the light of day has failed in one of their KEY obligations to the industry:
- A fair playing field has NOT been established for Canada's Cannabis Industry.
Auxly walked a government certified tight wire, slipped and is now barely hanging on as each level of government flips their gripping fingers whilst shaking and sawing the rope.
"Ooooh, It wooks wike your in big twubble Kitty.
Here, wet me howp you. Dis widdle piggy went to market. Dis widdle piggy stayed home...."
You get the picture.
cheers