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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 SCQuinon Nov 03, 2022 4:56am
269 Views
Post# 35068847

Potential

PotentialAuxly Cannabis Group Inc. (CBWTF) is currently at ~ $0.03. Average target price is ~ $0.20. OTC Ref. 1) Target Price = $0.20 https://www.wsj.com/market-data/quotes/CBWTF/research-ratings Ref. 2) Target Price = $0.13 https://www.tipranks.com/stocks/cbwtf/forecast Ref. 3) Target Price = $0.50 https://www.marketbeat.com/stocks/OTCMKTS/CBWTF/price-target/ Ref. 4) Target Price = $0.20 https://www.marketwatch.com/investing/stock/cbwtf/analystestimates Ref. 5) Target Price = $0.20 https://www.barrons.com/market-data/stocks/cbwtf/research-ratings Current market cap is around $30M, which is much less than the cost of their greenhouse, automated processing/packing lines, and intellectual property. Broadly speaking, their total debt is about what they sell in a year and they've historically had a very good relationship with Imperial Brands. Shorts have been having a field-day with this stock, but that won't last forever. The price isn't going to zero. Upside potential is in the 6x-7x range. DYOR. GLTA.
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