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.

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Auxly Cannabis Group Inc

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Comment by longonMJon Jun 20, 2018 11:02am

70 Views

Post# 28198644

RE:RE:RE:RE:RE:RE:Long & Strong on XLY

Well, I was hoping that Chuckles would act more like a responsible CEO and at least try to enhance shareholder value for the current shareholders.

Never really expected him to cancel the warrants outright, but maybe he could take a page out of the Aurora playbook. If Aurora can take their U.S. assets and spin them back out to their current shareholders gratis, than how about Chuck finding some way to creatively turn these anchor-like penny warrants into something positive like giving them gratis to long suffering loyal shareholders in such a way as to enhance shareholder value going forward.

It would definitely be much more of a positive move for current shareholders as opposed to issuing tens of millions of new shares at huge crippling 20% to 25% discounts to recent market price. And definitely a lot better than loaning huge volumes of shares to greedy hedge funds for the sole purpose of having them short your stock.

Now, that's what I call a CEO acting irresponsibly and coming up with action plans that DESTROYS shareholder value short term, instead of enhancing them.

predawn wrote: LOL you live in a dream world U really think chuck would cancel the warrents? of which he owns millions upon millions himself not going to happen ;;;;;;

longonMJ wrote:
Well, if this is the case which it probably is or thereabouts, the I believe that Chuck should man up here and cancel these highly highly dilutive and anchor-like warrants as they serve only to prevent the enhancement of current shareholder value.

Either that or he could be creative like the boys over at Aurora and use these warrants to turn a big negative into a positive for the current shareholders. In other words, he could take all of these warrants and parcel them out to the current shareholders in some type of creative format which will both enhance current shareholder value and also benefit the company going forward longer term.

predawn wrote: There are 99229 MILION 2.3 cent warrents yet to be exercised ;;;;;;;;

KLownHouSER wrote: How many of these warrants actually remain to be exercised?