Auxly Cannabis Group Inc T.XLY

Alternate Symbol(s): CBWTF

Healthcare

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 > Why the 3Q Investor Reaction

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Comment by SCQuinon Nov 18, 2021 9:16am

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Post# 34139997

RE:RE:RE:Why the 3Q Investor Reaction

Actually, the negative investor reaction was caused by the Q3 ER that shows Auxly is clearly losing momentum in the critical area of becoming cash-flow-positive. It seems now that investors will have to wait until the Q2 ER to see if this will even be possible in 2022. Someone in the company (the management team) needs to take responsibility for the fact they are not positioned to meet the demand for their products.

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