Auxly Cannabis Group Inc T.XLY

Alternate Symbol(s): CBWTF

Healthcare Cannabis

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 EbbFlow88on Aug 28, 2020 8:59am

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Post# 31468687

RE:RE:RE:RE:Q2 earnings

That's not entirely true. They only have cash because of the convertible debentures which can dilute the share base of converted. They also issued warrants with that offering. They will need to increase sales and decrease expenses on a big scale. Margins are not looking good and G&A expenses are high and interest expense will rise.

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