The QUEBEC FACTOR
Initially Auxly focussed on 2.0 as it entered the Retail Cannabis space. Quebec has heavy restrictions on 2.0 products so Auxly focussed on the rest of Canada.
Now that Auxly has a broader selection of 1.0 offerings they also have an opportunity to broaden their market. How much market share could they pick-up with entry into Quebec??
If Quebec represents approximately 20% of the total Canadian Cannabis retail market and Auxly can reproduce past success by taking a 5% market share, that would represent another 1% of the Canadian Market.
According to management, Auxly has already acquired the permissions necessary to enter the Quebec market. So what are they waiting for?
Now that the pre-roll launch us in full swing, if Auxly can make Quebec happen for Q4-2021 that could make things very interesting!!?
Hang in there mates!
cheers