RE:Cheers
NLJigger1 wrote: and all the best to shareholders. Automation will be a turning piont!
The delayed delivery of automated packaging components was an unfortunate 6 month setback.
Now that the equipment is in Auxly's hands combined with unrestricted access to high grade furnish with Auxly Leamington / Sunens fully licensed and planted all of Auxly's facilities have a clear path to ramp UP to full production capacities to meet growing demand and generate future profits.
Time to make up lost ground!
With another 60 SKUs to be launched this year, management is running out of reasons not to succeed.
While other Canadian LPs are spending time and money waiting for the rest of the world, AUXLY's focus is on gaining a larger piece of Canada. Developing products and improving them in the one recreational mj market that Canadian LPs currently have access to at this time. When the rest of the world is ready for Auxly and has their legislative ACT together, rest assured AUXLY will be ready for the world.
Auxly shareholders some of the most dedicated and outright bullheaded I know of. Almost all are holding tight in anticipation of that point of inflection that bends the curve to profitability.
Low volumes and tight fisted shareholders must be driving the SHORTs bonkers. If you're playing SHORT here, you're likely playing with yourself. lol
The entire mj space is scraping bottom right now, with high levels of SHORT positions hammering away at some of the biggest names in the sector.
EBITDA positive is a worthy goal but it's not enough as Tilray and Organigram have demonstrated. By year end Auxly needs to strive to be cash flow positive and reporting profits. jmho
Auxly has always been a long play, having been undervaled and underpriced most of its days. Patience and Time are investments as well.
cheers