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Auxly Cannabis Group Inc T.XLY

Alternate Symbol(s):  CBWTF

Healthcare
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

Auxly Cannabis Group Inc
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Comment by werdnapkon Jan 02, 2018 2:26pm
319 Views
Post# 27263690

RE:RE:RE:RE:RE:RE:Cannabis Wheaton Income

RE:RE:RE:RE:RE:RE:Cannabis Wheaton Income
It's simple.... if there are a lot of shares up for sale at a certain price or range with less up for sale after that price, then the resistance is the high price.

ex.  200,000 shares for sale at 2.10.  20,000 for sale at 2.11, 15,000 for sale at 2.12, etc.  The resitance is at 2.10 since there are a lot more shares for sale at that price.

Once the large chunk of shares have been bought or removed from sale, then the resistance (wall) is gone an then smaller amounts of volume can bring the share price up even faster... until another large number of shares are put up for sale at a new price creating some new resistance for upward movement.
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