RE:RE:RE:RE:RE:RE:RE:XLY fully funded capacity of 160,000 kgToo much value was given to many companies based on forcasted production, that is why fuded capasity is now being used instead, much more accurate. But even with Funded capasity there can be delays, or crops can fail, like what happened to FSD. I think that might be one of the main reasonas behind the break. FSD had crops fail health canada testing and they had yet to hire a Master Grower, one of the issues Auxly cited in thier PR on the topic.
At the end of the day investors are not reacting to potential any more, companie shav eto start to show bottom line results. If Auxly can come close the the projections the issued in Dec then investor will react to the actual production and revenues and this stock will rise. If they fall short then the stock will drop.
We will get our first glimpse of if they are going to meet those projections at the end of March when they release Q4 2019 results, but more realistically for this company to prove itself they need to hit the 16,000KGs of production the estimated for Q3 2019, if they are on pace then this will be a $2+ stock, if they miss I could see a drop to $0.50 with further declines if they miss the follow quarter as well.