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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
Post by Bdigginson Jan 20, 2020 1:55pm
149 Views
Post# 30574168

Perfect !,,,, scam

Perfect !,,,, scam

So let me see if I have this correct ....

Auxly takes 100 million in convertible debt .....plus 322 warrants per debenture  322000 warrants .....which were valued and flogged on the open market yet never converted ....expired 

 

Pays an immediate 11 million interest payment 

 

Then a couple years later repays $79,439,174 then a further repayment 2.7 million that’s $ 82139174.00 so with the interest their at  93139174.00

 

Reduces the price from 1.55to .74 cents  gives  21,602,460 common shares valued at .74

So in the end debenture holders get 322000 warrants , 21,602,460 common  shares all for a tidy sum of  6.84 million 

 

Almost forgot the brokerage fees of on the original issue ....which mysteriously never get talked about ...

 

The loaned shares and shorting with the loaned shares 

Combined with millions in goodwill write downs on overplayed equity plays = zero 

 

In the end this is the business acumen these dummies have shown time in and time out .....meanwhile padding themselves to the tune of 100 million siphoned out of the company for incentive payments on top of their already over generous salaries .....

 

 

And when they said they had no choice but to do this deal or their wouldn’t be a Xly what they really meant is that they wouldn’t have had a vehicle by which to skim from ......

 

Just an blatant example of why this is a Complete sham !!!!!!!!!

 

Rah rah go get em scumbags !!!!!!

Bullboard Posts