RE:Auxly about get bought out
cryptoisascam wrote:
the question is by whom?
If I had a nickel for every time some one has suggested an Auxly 'buy out' .... A couple years ago it was tossed out twice daily.
However, The market cap is now low enough ...? Hmmm..
Even with the multiple poison pills built in Auxly might be an attractive target at this level.
Synergistically speaking, Canopy Growth might be a fitting suitor. imho
I'd prefer to see Auxly post a profitable Quarter as well as acquire international and medical certifications of Auxly Leamington before any M&A deal being struck.
With Canadian Retail Cannabis Sales pushing the C$400 million mark, the market continues to grow despite the current economic environment.
Will Auxly break the C$30 million NET Revenue for Q3..?
An endless barrage of Short trades combined with a hyper negative market sentiment has pushed many LPs to the brink.
A C$35 million Market Cap on Auxly is ludicrous!!
Something's gotta give.
The question is, When?
cheers