Auxly Cannabis Group Inc T.XLY

cash burn

[prime59]

the number one issue this company has is its enormous cash burn.  We are burning upwards of $15 million/month!

How much more dilution can we withstand?  What the hell eating up our cash so quickly?

Kitty!  Can you chime in?  Thanks!

[Oceanis]

There not burning 15 million/month there buying something. Imo.

[UniqueKitty]

Auxly has cut SG&A and tightened up on operating costs. Tripling production capacity at Dosecann and continued automation improvements will reduce costs even more. Auxly generated $55mil in revenues in 2020. That was their first full year of sales with entry into Cannabis 2.0. Improved revenues, higher margins, expanded market share and a fully functioning market place are the most

[bull_runz]

Pine Kush is selling so well, I bet Auxly buys the rest of Sunens ;)

[bull_runz]

It looks like a person on Auxly's Reddit page agrees :)   level 2 LongChampion6711   ·3d   I think it’s to purchase outright the Sunens facility. They are in the process of purchasing it   level 2 LongChampion6711   ·3d

[Pencilpush]

Pine kush isn't produced by sunens we have yet to see flower from them 

[bull_runz]

Regardless. The guy on the Reddit post's friend works at Sunens.  He said Auxly is buying Sunens ;) 

[bull_runz]

The past NR says; Back Forty Pine Kush adheres to that brand promise, delivering high THC potency for this new strain to the Canadian market, which will be available nationally in both 3.5g and 28g units in coming weeks. Auxly anticipates that future Back Forty offerings will also include exciting new strains from the Company’s joint-venture cultivation partner Sunens Farms.

[Pencilpush]

Yes exactly future meaning the current isn't also lol at how it's grown compared to what we know is grown by sunens which is Eliot reserve purple pug . Safari grows pine kush 

[Pencilpush]

Honestly that's a mixed bag and everyone should be concerned that their relationship either soured with Peter or that Peter has no confidence in the grow op. I mean ffs the Q4 said they gave up majority to Peter in exchange for cheaper prices now they are flipping back to buying outright? Why I'm down 6 gs almost about to loose capital this worries me 

[Oceanis]

Sunens will likely imo convert growing crops (other) than cannabis, mostly at least, until ultra large cannabis grow ops become more revealent again.  Back to as Peter Quiring grew before, world class grower many different types of succesful grows.  Why not, why not put her to good use with other cash crops for the certainty and much less regulation. and before you think that's crazy

[Oceanis]

But more likely something like Lotus.  And they own 100% of another company that couldn't pay Auxly back, name escapes me right now, but they are a small, indoor grow, expect that to surface soon also.  Under a completely new banner of course. 100% Auxly owned.  Bought and paid for.  Maybe even beleave.  They owe them a solid 5 million plus yrs of interest. But who

[Oceanis]

Canna Farms is also into Auxly for alot more than beleave and they also have a breach of contract with exactly to the tune of 10-15 million.  Auxly has a lot of bling left, it's just hidden.

[Pencilpush]

Beleave went bankrupt the other company is curative that also went bankrupt but we took their assents in that one

[Oceanis]

Exactly my point.

[Oceanis]

what do you think happens to beleave's assets and who gets paid any who doesnt?  im betting a group of bay street lawyers gets theirs, and then some.

[UniqueKitty]

Sunens is a choice asset mate. We'll probably never know exactly how it happened but the fact remains that Peter was unable to meet the agreed to requirements set with the bank. Why a company that has successfully built multiple greenhouse operations failed to meet their obligations on this particular project certainly raises a lot of questions. The fact remains, Auxly backed Sunens with a

[Pencilpush]

I was bullish in earlier cause I honestly thought we turned a corner. They takes about fully funded for 12 months all we have seen since is raises missed targets now this with sunens without knowing why. You could be right but I doubt we ever know if it's the bank or Peter saying screw it. the lack of transparency is criminal in nature and the change or working from shareholder value to

[SCQuin]

Kitty, good faith is not enough. Sunens has been in trouble for a while now because of the lack of project management, cost-control and oversight. BMO was the only one holding their feet to the fire. Auxly has a long list of failed partnerships based of good faith and not much else.

[UniqueKitty]

Have to agree with you SCQuin. That's pretty much my point. All things considered, If Auxly needs to cover the Note then that's probably best for all 'stakeholders'. Hang in there mates! cheers