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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 blueboyon Dec 23, 2017 10:41pm
163 Views
Post# 27223137

RE:No one is ever happy during the dilution phase of start ups

RE:No one is ever happy during the dilution phase of start upsThe difference here is that with CBW, the 'dilution' is part of their business plan - it isn't that they are running out of cash, like many companies who have to issue new shares.  As long as every time CBW needs to do a PP they back it up with announcements like the one we got this week, I hope they need to raise more funds EVERY MONTH.  Once they build up their partner network, it will pay off in spades, as they will be literally buried in MJ soon enough...

BB


ERTguy wrote: I really don’t know what people expect.  This is always going to happen whether you like it or not.  Much to my surprise this was one of the best private placements I have seen for a start up in the cannabis sector.  The fact that they were able to do it at Thursday’s closing price was super impressive, so consideration was obviously given to the new announced JV when this deal was made which speaks to the strength and potential of this company.  Full disclosure, I was only in this for an overnight trade so I was happy to sell at the open friday for a profit.  I’m a chart buyer/trader so I will watch closely how this trend develops going into the new year.  So far setting up nicely with resistence @ 1.65 and support @ 1.38.  Will likely see a short consolidation phase before breaking through 1.65 into the $2 range.  


Bullboard Posts