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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

Comment by UniqueKittyon May 14, 2024 1:44pm
194 Views
Post# 36039219

RE:RE:RE:Expecting better Q1 numbers come May 13th :)

RE:RE:RE:Expecting better Q1 numbers come May 13th :)

Here's how I see it, SCQuin.

Q1 pretty much came in as expected with Revs well under C$30million and Positive EBITDA over C$2million. This is where Auxly should have been 2years ago. At least Auxly has 'consistently' underperformed.

Auxly had it's fate written with the continuation of the 'excise tax as is.'
Auxly is now on life support in the form of a revolving credit facility by way of Imperial Brands who currently hold 19.8 % of Auxly shares and C$60million owed to IB.

Due to political indifference Conversion of Debentures only prolonged what now appears inevitable.

An RS and capital raise will only happen if Imperial wants it. I'm certain that IB will vote its 200+million shares in its own best interest. Whatever that may be. Keep in mind IB has no fiduciary duty to Auxly's other shareholders.

Every shareholder has a vote. IB just has a shyte load more than any other single entity.

Waiting to see what the AGM agenda looks like.

Good Luck mates.

cheers

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