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 > Expecting better Q1 numbers come May 13th :)

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Comment by 1hot-techwomanon May 09, 2024 3:18pm

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Post# 36031896

RE:RE:Expecting better Q1 numbers come May 13th :)

UniqueKitty wrote:
Which numbers do you expect improvement on 'hottie'?

Cash on hand is almost non-existent, That's low lying fruit for improvement.
Inventory was cut in half in Q4 maybe they beef up there. Wouldn't want to run short on all the orders coming in from Quebec.?
EBITDA positive once again? How about actual profit?

Auxly is leaky and as proof I'll point out the most recent share price lift that far exceeded any Q4 improvements but some how made total sense when the Debenture Conversion was made public one week after the Q4 Report. No further improvement in the share price. It had already been baked in prior the announcement of the Conversion.

I hope we see improvements but with almost no up tick in volume preceding the Q1 Report my expectations are limited.

The problem with running on a fine wire is that eventually it wears too thin and then..... well... we all know what a crow sounds like.

Please, tell me I'm wrong.

BTW. Imperials average price in was about C.51 per share. Pretty sure that's what some suggested Auxly was worth a couple years ago, before they began repeatedly failing to meet targets and tripling the stock count with multiple rounds of financing.

It's sad but I smell more financing around the corner. What form it takes is the question. Don't forget Auxly still has a C$35million loan on Leamington yet to pay off and we've yet to see the full extent of depreciation on that facility. Sohhh...??

Yeah! Go Auxly!!! Wooo!!!

cheers

p.s. the price sometimes ticks up when I kick sand on this one. will it work this time??? lol