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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 Fundy13on May 17, 2019 7:35am
119 Views
Post# 29754776

RE:RE:Interesting detailed study of 21 cannabis companies

RE:RE:Interesting detailed study of 21 cannabis companiesI 100% agree that based on future revenue and growth potential this company is undervalued.  But there is a reason they are undervalued and it has to do with several of the fiancial transaction the company made including issuing extreamly cheap shares and warrents to insiders and also agreeing to a financing deal that including allowing the large amounts of the shares to be shorted.
That being said the company has also made a lot of good deals and does appear to be set up to generate very healthly revenues and profits in 2020 and beyond.
I bought back in yesterday at $0.80 for about 25% of what I sold at $0.88 after they released thier earnings.  My guess is they stay undervalued for another couple quarters and I would not be surprised if they dropped into the $0.70s after there next earnings release within a month, so I may add more later if the price drops further.
Bullboard Posts