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 31, 2020 5:34pm

159 Views

Post# 31481223

RE:RE:RE:RE:RE:RE:RE:RE:@mtb121225

They would need about 40M per quarter to break even operationally. Taking out the research revenues and costs (which dont move the needle), and excluding depcreciation and write downs which arent cash expenses, they currently have a 40% gross margin.

40M x .4 = 16M

16M - 13M SG&A - 3M Interest (both those expenses are lower than current) = $0

They have 2 quarters to increase sales by almost 400%.

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