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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 mtd121215on Jul 07, 2020 8:35am
289 Views
Post# 31232629

Even IF the company was legit...

Even IF the company was legit...Based on their cash burn from last quarter and the amount of cash on their balance sheet, they have less than 2 quarters of cash left. So next quarter they have to be profitable to stay alive or recieve a capital injection. 

It's like touching the plane down and running out of fuel at the same time. It's just not a smart plan.

Some company is going to buy Auxly assets when they can't afford to run/maintain them anymore.

A couple more quarters and many of the pot companies will be belly up as they run out of cash. The consolidation is just starting to pick up steam now as the big players in the industry accumulate licenses across North America.


Bullboard Posts