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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 1hot-techwomanon Mar 15, 2024 3:04pm
91 Views
Post# 35935479

Are you ready for Rescheduling of Cannabis? Looks it! :) $$$

Are you ready for Rescheduling of Cannabis? Looks it! :) $$$

DJ Cannabis Stocks Gain Following Rumors of Imminent Rescheduling

Friday, March 15, 2024, 2:41 PM ET
 

By Dean Seal
 	

Cannabis stocks capped off a volatile week with gains after a prominent hedge fund manager suggested that regulators will soon reclassify marijuana as a less dangerous drug.

AdvisorShares Pure US Cannabis, a popular exchange-traded fund tracking marijuana stocks, was up 9% at $8.43 in late trading. After declines earlier this week, the ETF is now up from a week ago and has gained 20% year-to-date.

Shares of Curaleaf, the biggest U.S. cannabis company by revenue, were up more than 14% at $4.65. The stocks of Green Thumb Industries, Verano Holdings and Trulieve Cannabis, three major operators in the U.S., advanced around 6% to 9%.

Before the market opened, Dougie Kass of Seabreeze Capital Partners LP said on X, formerly known as Twitter, that his firm has learned the Drug Enforcement Administration will soon approve a rescheduling of cannabis down to a less restrictive category of drugs after overcoming an international legal hurdle.

The gains also come after Department of Health and Human Services Secretary Xavier Becerra testified before a U.S. Senate committee on Thursday and defended the Food and Drug Administration's review of cannabis' scheduling status

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