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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. Its 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 also conducts wholesale bulk sales of dried cannabis to various licensed producers in Canada. Its subsidiaries include Auxly Charlottetown Inc., Auxly Ottawa Inc., and Auxly Leamington Inc. The Company’s primary Cannabis 2.0 Product development, manufacturing and R&D activities are conducted by its subsidiary Auxly Charlottetown Inc. at a cannabis processing facility located in Charlottetown, Prince Edward Island. Auxly Ottawa Inc. holds licenses for cultivation and processing and conducts the Company’s primary dried flower and pre-roll manufacturing.


TSX:XLY - Post by User

Bullboard Posts
Post by Nofthe49thon Apr 07, 2017 6:21pm
398 Views
Post# 26094449

An appeal to recent buyers of this stock

An appeal to recent buyers of this stockThere must be someone watching this board that bought this stock recently. I'd really like to understand the thinking behind why you bought this one. In my 25+ years of watching small caps I can't recall ever seeing one like this.

A now fully diluted market cap of about $270,000,000 (49 million shares and 40 million of in the money warrants, pre split) and net assets of about $3,000,000. 

I always consider the total market cap and ask myself... if I had $270,000,000 would I buy this company? In this case I can't see it.

If you are willing to educate I'd like to be educated.

Thanks
Dave
Bullboard Posts