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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

Post by UniqueKittyon Feb 08, 2022 10:39am
127 Views
Post# 34408453

LAZER Focused on Profitability

LAZER Focused on Profitability

One way of measuring management is there ability to put aside emotional connections and make the tough decisions that support the goals of the business. 

https://stockhouse.com/news/press-releases/2022/02/07/auxly-announces-cultivation-optimization-plan-and-related-cost-savings

This was one of those decisions for Auxly.

Long and short, Auxly has all the cultivation capacity it needs for the near to mid term. Centralizing operations will save money - Period.

I gotta say, I've always liked the potential of Robinsons OG, 158 acres in the Annapolis Valley but Auxly has been holding it for 4 years now without a real plan for moving forward on it. With the way real estate has been going in Canada I wouldn't be surprised if it's doubled in value since Auxly acquired it.

It's just so pretty.  FIRE THE LAZER !!!

There's plenty of job opening elsewhere in Auxly.

Solid move mates!

cheers

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