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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 27, 2019 10:02am
128 Views
Post# 29774986

RE:Not sure how this will stay above 80 cents today

RE:Not sure how this will stay above 80 cents todayI actually like what they are doing in focusing on the derivitives market in Oct. However management has made too many missteps for the market to assume revenues will come at that point, so I agree that these quarterly results will likely continues the downward slide of XLY. Less then a million in revenue is not going to inspire faith in the business model. This stock is going to have to wait until it starts selling before the stock price goes up.
Bullboard Posts