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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
Comment by Nofthe49thon May 13, 2017 7:38pm
123 Views
Post# 26241370

RE:RE:Cannabis Wheaton Needs To Do Something SIGNIFICANT !!!

RE:RE:Cannabis Wheaton Needs To Do Something SIGNIFICANT !!!They need to raise a ton of cash, say $40 million to get their price to book multiple down to a more 'reasonable' 12x vs. the current 100x. Is it possible that even the greedy, self serving brokerage industry is unwilling to saddle their clients with such an overpriced piece of... paper? Seems unlikely. But I would have expected them to sell shares last week to take advantage of the current share price and market enthusiasm (gullibility).


Bullboard Posts