RE:Curious Bashing ?Completely agree with your points here.
The question then is why has Auxly not announce a single supply agreement with any body to this point in time.
Is it possible that this could be one of the major reasons why the share price has cratered and not on the road to recovery like all of the other weed companies which are putting their supply agreements in place.
I strongly believe there would be no bashing of this company if their share price was trading substantially higher, as opposed to where it was trading back in October and November of last year before the big move in valuation for all of the other weed companies.
Can you think of another supposedly large weed company with expected production levels of this amount that is trading back where they were lasdt October and November?
ticket2ride wrote: I am Curious why all the Bashing of XLY-V ?
The company puts up money for other marijuana growers in exchange for royalties and a share of their crops. This royalty and streaming model has worked well in the silver and gold markets. Auxly thinks it's a great fit for the cannabis market as well, and the company expects to generate solid returns from this business model.
Auxly also will be able to sell the percentage of their production that it owns.