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 > Auxly Sells Nova Scotia Facility For $6.0 Million

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Comment by UniqueKittyon Jul 05, 2022 1:06pm

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Post# 34802350

RE:Auxly Sells Nova Scotia Facility For $6.0 Million

AwareInvestor wrote:
The trend of the sale of assets within the cannabis space amid poor market conditions plodded on today, with the announcement that Auxly Cannabis has sold off a facility in Kentville, Nova Scotia.

https://thedeepdive.ca/auxly-sells-nova-scotia-facility-for-6-0-million/

BLOODY BRILLIANT !!!

Disposal of this NON-CORE asset represents a successful execution of a strategic transition to streamline AUXLY's operations.

The sale of just the indoor facility in Kentville for $6mil not only puts cash into the books but it also means Auxly still holds 158 acres of prime farm land at Hortonville in Nova Scotia's, Annapolis Valley.

That'a $6million cash for a purchase that cost 9.4million shares back on 2018. At todays SP 9.4 milllion shares represents only about $750,000. That means Auxly sold this faculty for 8x the cost of acquisition and they still hold a major piece of property in hand.

Or, to put it another way Auxly recevieved the equivalent of $0.634 per share and they still hold the Hortonville farm lands.

For me, this is a clear indication that AUXLY's current Market Cap is far lower than the actual value of its Net Assets.

Auxly has been beat down along with the entire mj sector. That said, Auxly is NOT like every other mj company. They may very well be in a fight for their survival but that's a situation they're familiar with and proven capable of navigating. Auxly has always been aware that they're in a competition and they are focussed on WINNING, not just in surviving.

With $200mil in Shareholder Equity and NET Revs projected to exceed $120mil in 2022, Auxly is not about go broke any time soon.
Anyone who suggests otherwise is a scam artist or a liar. Or both...

(ffs, can't a body take week off around here without a lot of BS accusations and speculation being throw around??? bloody howl !! they have no idea how much work goes into painting a friggin barn already.. ;)

Now can we pleeeease find an open door into Quebec ALREADY ???
The medical outlet is good but full market access could be sohhh much better.

(up next... spam and abusive insults from... welll... ya know...)

cheers