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Bullboard - Stock Discussion Forum 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... see more

TSX:XLY - Post Discussion

View:
Post by settoretire on Jan 20, 2023 7:45pm

Question

What do you think happens to Auxly if the judgement goes against them?
Comment by SCQuin on Jan 21, 2023 6:46am
The last ER implied they were very short on operational funding....assets have been sold...they have 540 employees but outsourcing production...losing market share....automation stalled and no money to pay a settlement. FSD was fined 5M for failure to disclose material information. Auxly was part of that fiasco....seems likely the judge will use the same standard of  duty.
Comment by SCQuin on Jan 21, 2023 7:07am
https://seekingalpha.com/article/4243360-auxly-terminates-jv-deal-fsd-pharma-who-to-believe This well give you good insight into the weakness in the Auxly business model and why is still eating them alive years later.
Comment by joe0301 on Jan 22, 2023 1:11am
This post has been removed in accordance with Community Policy
Comment by UniqueKitty on Jan 25, 2023 10:29am
Holy FUD!! ...and the award for FUDiest FUDdy duddy goes tooo...??? "settoretire"!! Talk about a loaded question. The answer is most definitely not good but, the negatives are pretty much all priced in at this point.  meh.. Here's a counter for you to chew on.  What happens if the, "It's not over until it's over", reasoning of the SNC Lavalin ...more  
Comment by settoretire on Jan 25, 2023 4:40pm
Kitty  I have a substantial position in Auxly, so wanting them to succeed is my hope. I was merely asking a ( yes loaded ) question and hoping to get informed opinions, not reteric from your pea brained jaded opinion. I have stated in past posts, that, imo, means major SH dilution to survive. I still believe that, but as you say, "It's not over till it's over". Hope your ...more  
Comment by Investorpedia on Jan 26, 2023 12:26pm
Sorry to say, "Set", no end in sight to the continuing losses. Can't envision how they can regroup? Losses are staggering, infrastructure is too bloated, and operating costs are apparently unmanageable. Cannabis sector is way overcrowded with products being squeezed for every nickel. Who would want to buy into a company with those prospects? Anyone considering to buy in at this ...more  
Comment by 1hot-techwoman on Jan 26, 2023 1:58pm
Like I said....if you hate the company so much and its going to fail then sell me your shares at $0.02 and be done with it :)
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