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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.


TSX:XLY - Post by User

Auxly Cannabis Group Inc > Favourable?
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Post by settoretireon Jun 11, 2024 12:29am
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Post# 36082132

Favourable?

Favourable?
  • The Canadian federal government is putting forth numerous amendments to cannabis regulations to reduce red tape for new and existing businesses
  • The proposed changes include more consumer-friendly packaging and doing away with redundant oversight measures
  • If passed, the amendments are estimated to yield C$41 million in annualized savings 
  • Some of the largest Canadian cannabis stocks had a mixed reaction to the news
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