RE:RE:RE:RE:RE:RE:Auxly Named LP of the Yearsettoretire wrote: Kitty
I admire your dedication, but your trying to defend the indefensible.
Auxly, and Auxly shareholders are in for a very long wait until profitability. ( If they survive )
Hope you haven't bet the farm on this company.
set to retire?
Shouldn't you be full on retired by now? Thought you would have pulled the pin ages ago. Any poster who's been at it for 14 years deserves at least a modicum of respect.
No fret, mate. The farms in good hands but I was hoping to get a shiny new tractor out of this one, one day.
Profitability has been illusive for sure. Not just for Auxly, but for the entire Canadian Cannabis Industry. With the US protectionist agenda and lack of legislative will barring the gates to Canadian LPs the only recreational market available is Canada.
No one said it was gonna be easy.
Auxly has focused their efforts on the Canadian market rather than squander unlimited funds chasing markets that don't yet and may never exist. Under current circumstances would you consider that managerial decision inept or astute?
In 2020, Auxly's first full year of sales posted C$46.7million in NET Revenues.
In 2021, Auxly posted C$83.8million NET Revs. That's a 79% improvement year to year.
https://auxly.com/wp-content/themes/auxly2018/media/2021Q4/MDA_Q4-2021.pdf
Auxly's Q1-2022 improve 147% over Q1-2021.
https://auxly.com/?post_type=post&p=1378
You wanna ignore the positive and dwell in the negative. Go ahead.
I don't deny Auxly has a lot more work to do and they have made their share of mistakes but I'm not about to ignore the progress they have made nor will I down play the good decisions.
I told you Auxly would be a Top Five Canadian Cannabis company before the company adopted it as a goal which they achieved in 2021.
The industry may be in crisis but Auxly has a future.
I could be wrong...
cheers