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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 DrGDrGon Dec 19, 2017 8:57am
249 Views
Post# 27185253

Seriously...

Seriously...I can't believe there are still folks on here saying CBW is a "scam." Ok, some of it's origin story is a little sketchy -- but that's just market nonsense. Rich get richer, whatever. But, if you do a basic Google search, you will see that CBW is steadily securing the deals that it said it would. If you want to say CBW is a scam, it means all of their streaming partners are in on it, as well as Lift.co who recently awarded them startup of the year. Also, remember, Rifici is the former CFO of the Liberal Party. He's connected and he will be held accountable by many leaders in the industry and politics if this is indeed a scam. Too big a risk, don't you think? The "scam" dialogue is starting to sound more like a conspiracy theory. I would suggest you stop smoking the street schwag and get some real stuff.

Finally, it's worth nothing that one of CBW's partners, Evergreen Medicinals, has been given a cultivation license and no sales license as of yet. Why do you think this is? Well, in my opinion, the government wants to ensure there is some stock after legalization. In this regard, with CBW set up on it's current timeline, it seems likely that they will be the ones to lead the legalization charge, with the chosen one, Rifici, at the helm. He built Tweed, and now he will focus on the more lucrative recreational market.

So, yea, keep trashing CBW while the rest of us get rich. Don't forget, Canopy Growth was under $2, two years ago before it started picking up speed. CBW has been in business only since May. Once the revenues start streaming in next year, it will all be smooth sailing.
Bullboard Posts