Auxly Cannabis Group Inc T.XLY

Alternate Symbol(s): CBWTF

Healthcare

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.

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Auxly Cannabis Group Inc

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Comment by senorfrogon Aug 24, 2020 10:45am

122 Views

Post# 31445412

RE:Imperial Brands invests $123 Million into Auxly at $0.81 !

Old news, but still relevant for two reasons:

1. Imperial Brands hasn't bought any stock. They will cash in the debenture and not convert if the price hasn't recovered. (Why would they buy at 0.81 when they can get stock so much cheaper?)

2. They will get back 100% of their money versus anyone who bought stock at the same time. 0.81 to 0.21 in twelve months.

I'll believe that IB has confidence in the company when I see them buy some stock.

Looking forward to the next quarterly.

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