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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

Comment by UniqueKittyon Mar 22, 2023 7:05pm
131 Views
Post# 35354947

RE:RE:RE:From the latest balance sheet on Sept 30th 22

RE:RE:RE:From the latest balance sheet on Sept 30th 22

Without so much as a peep from management in over 4 months other than to slap shareholder with crippling dilution, I don't anticipate anything positive. Crikey, the way they've botched the ramp up of pre-rolls I wouldn't be surprised to see them miss the filing date and issue an MCTO.

To date I have come to expect one thing from Auxly's  ER's as an Auxly shareholder. 

That is, regardless of whether the news is good or bad shareholders can rely on receiving a swift kick in their tender bits.

Same thing applies to the Canadian Cannabis industry as whole and I expect the entire Canadian industry to collapse if government doesn't reduce taxation and increase policing that follows through with punishment for illegal cannabis operations. 

Bloody mess this is.. 

cheers

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