Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 predawnon Jun 09, 2020 12:10pm
118 Views
Post# 31129091

RE:RE:RE:RE:RE:ALL BAD - XLY JUNK

RE:RE:RE:RE:RE:ALL BAD - XLY JUNKwell they have at least 50 Million in cash and cashable assetts Yes we both know its not a great company we both know that but there not going to run out of cash by end june is my point and if they have another decent quarter  they may actually stay solvent  what would really make an interesting story is a document of the original 16 LP companys that they owned or were  involved with and where each one is now and also where did the over 315 MILION in CASH go like whats the accounting of that money Poof gone but where when how why who etc
indoubtgetout wrote: Hey Predawn, go back to school.   Inventory is NOT CASH especially "work in progress:!   What is "other receivables"???  Its $7.5 million and no accomopanying note the F/S?  This is material.  Deposits, they burned through $7 million in deposits plus $20 million in cash and some of the $25 million in monies they raised during the first quarter.   Work in progress inventory - I'll bet over half that work in progress inventory is worthless and has been recorded as "work-in-progress" inventory for a long time.  The management and board of XLY cannot be trusted.   The are HOPING that things pick up to mask over their terrible financial mess (and past and present overcompensation).  Management salaries, bonuses should be significantly cut and board member fees reduced to pure stock compensation.   If they really believe XLY will be successful then they should be prepared to get compensated through the stock price going up - not cash from shareholders. 


Bullboard Posts