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...worth a look!

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Comment by SCQuinon Jan 06, 2024 11:32am

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RE:RE:Auxly...worth a look!

Agreed! The problem seems to be the debt and paying for assets that they no longer own. Auxly recently borrowed more funds(2.5M) for Dosecann @ 18% interest. This IMO explains the share price and the reason why no one wants to pay 002 cents for the stock.
The new Corporate Presentation seems to represent a refreshed operational perspective. If this could get translated to the financial side of the company with an expressed plan for paying down the debt then we might have a chance.

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