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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 1hot-techwomanon Apr 05, 2018 12:03pm
236 Views
Post# 27836381

Soaring demand is Coming !! All good for CBW's streams ;)

Soaring demand is Coming !! All good for CBW's streams ;) Marijuana Producers Rush to Meet Soaring Market Demand Thursday, April 05, 2018, 8:30 AM ET PALM BEACH, Florida, April 5, 2018 /PRNewswire/ -- Marketnewsupdates.com News Commentary Health Canada is projecting that cannabis demand will reach one million kilograms per year by the end of 2018. Cannabis supply currently sits at an estimated 300,000 kilograms. This represents a projected 700,000 kilogram supply shortfall by the end of this year. Companies that could be counted on to cover the projected shortfall include Cronos Group Inc. (TSX-V: CRON) (NASDAQ: CRON), Aurora Cannabis (TSX: ACB) (OTC: ACBFF), OrganiGram Holdings Inc. (TSX-V: OGI) (OTC: OGRMF), Emblem Corp. (TSX-V: EMC) (OTC: EMMBF), and RavenQuest Biomed Inc. (CSE: RQB) (OTC: RVVQF). The Globe and Mail reported that the legal cannabis industry has captivated investor interest in Canada, and that money has been pouring into cannabis stocks since last year. This interest is heating up as legalization approaches later this year, with some industry analysts predicting that store shelves could be emptied on the very same day that retail pot sales are legalized. RavenQuest BioMed Inc. (CSE: RQB) (OTC: RVVQF) is one company that is gaining momentum to provide the cannabis required to meet the projected supply shortfall. Adding to a recent flurry of acquisitions, RavenQuest BioMed Inc. just announced an MOU with intent to acquire 100% of Western AgriPharma Limited, a late-stage applicant with Health Canada in the development of a 125,000-square-foot cannabis growing facility on B.C.'s Sunshine Coast. This would nearly double RavenQuest BioMed Inc.'s potential cannabis growing capacity, as the company rapidly expands its portfolio of licensed facilities. Western AgriPharma would be RavenQuest BioMed Inc.'s first 100 percent owned, large-scale facility near Vancouver, which is one of Canada's largest cannabis markets. With its already completed acquisitions of producers such as Bloomera and Alberta Green Biotech, RavenQuest BioMed Inc. has penetrated markets across Canada. The Race To Meet Demand Is On Cannabis companies are working to meet Health Canada's projected supply shortfall. The cannabis stocks that have soared so far are the ones belonging to companies that have licenses and the production capacity to grow the plants.
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