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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 archdiamondon Jan 10, 2018 4:48pm
260 Views
Post# 27327834

RE:Estimated Cannabis production in works a huge oversupply

RE:Estimated Cannabis production in works a huge oversupplyIn Canada there are 35,151,728 people. If 20% of the population uses cannabis that's 7030345 consumers. 

7030345 people using an average of an ounce a month 7030345 x 12 ounces a year is 84364147 ounces per year divided my 35 ounces a kilo is 2,410,404 kilos of production needed per year to keep up with consumer demand.

That's about the ball park of what the market will demand per year imo. The required efficient commercial growing space needed is 15,540,763 square feet producing 38 grams of product four times per year. I don't think we are any where near that kind of production in this country at this time.
Bullboard Posts