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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

Comment by SCQuinon Jun 02, 2021 3:45pm
156 Views
Post# 33312537

RE:RE:RE:Surprised

RE:RE:RE:Surprised The Auxly story that continues to unfold and was reiteriated again by Q1 outcomes does not instill confidence. The operation is not sustainable as currently operated and will have to eventually embrace a reverse split and the a more substantial equity raise. This won't solve the problem in terms of being profitable unless there is a management change to someone who actually knows how to run a company. It will however, allow the company to continue operations and provide a great source of income and enjoyment for about 30 lawyers and their friends. Retail investors will be destroyed!!
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