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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
Comment by djanz12on Aug 28, 2020 10:02pm
133 Views
Post# 31474391

RE:RE:I smell RS soon or bankruptcy!!!!

RE:RE:I smell RS soon or bankruptcy!!!!Convertible debs create death spirals for companys that dont have the cash flow to pay the interest. They issue shares to pay the interest, ie the 6% dilution over the last 12 mos. All that stock has hit the mkt. Its sad most people posting here dont understand what a convertible is. They dont realize Imperial made a loan to the co. They didnt invest in the equity. They can convert the loan to equity at $0.81. Imperial set themselves up to own the co.
Bullboard Posts