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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 UniqueKittyon Jul 08, 2021 1:12pm
124 Views
Post# 33515205

RE:RE:RE:RE:RE:Auxly strengthens financial position $$$$$

RE:RE:RE:RE:RE:Auxly strengthens financial position $$$$$

Imperial has specific windows of time at which they can convert interest to shares. Take a look at the amended agreement.

Imperial Brands has to be very careful with how they approach investing outright in Auxly in order not to garner a POCA review. Until recreational cannabis is decriminalized in the UK Imperial cannot profit directly from their association with Auxly. 

Patience is the key to the Auxly/Imperial  Brands relationship. Up to this point Imperials assistance and provision of IP and equipment have been extremely beneficial for Auxly.

Imperial has a long reach and a broad international influence. These too, could be of great benefit to Auxly.

It does of course, stand to reason however, that under the amended terms of the agreement it might be to Imperials benefit that Auxly's SP remain low thereby affording Imperial a more cost effective opportunity to top up their position under the right circumstances. 

Does this suggest a motive for price manipulation? Hmmm... at what point does morality and countenance of appropriate values end?

It's a question of trust, really. Isn't it?

Food for thought.

Hang in there, mate!

cheers

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