Auxly Cannabis Group Inc T.XLY

Auxly Cannabis Upgraded to Outperform at Raymond James

[davgro]

2022-08-16 10:06:53 AM ET (MT Newswires) 

10:06 AM EDT, 08/16/2022 (MT Newswires) -- Auxly Cannabis Group Inc. (XLY.TO) was upgraded to Outperform from Market Perform at Raymond James.

Analyst Rahul Sarugaser raised his price target on shares of the Toronto-based cannabis company to $0.15 from $0.10 following its second quarter results.

"XLY put together an outstanding quarter of top-line and bottom-line improvement, driven primarily by the company ramping up (and tightening up) its large-scale cultivation operation: Auxly Leamington," Sarugaser said in a note to clients.

"With continued capacity, quality, and yield improvements at its Leamington site, XLY, in our view, is primed for market capture in the flower and pre-roll categories through the back half of the year," the analyst said.

[UniqueKitty]

  So let me get this straight. A week before Auxly reports Q2 the SP is trading at C$0.09 and trending upward. Just then the 'analysts' at Raymond James put out an extremely negative 'hit piece', downgrading the stock that gets picked up by Seeking Alpha and splattered all over place. The positive momentum Auxly had approaching the Q2 report drops off and the SP drops

[SCQuin]

Kitty, the latest ATM set the MC and SP for Auxly. That was done by Auxly and a MM buddy.

[cryptoisascam]

stock is about to triple.

[SCQuin]

So what....did you get yours free or at 0.03 like Chuck?

[Takingarisk]

This should be at 1.00 but the system won’t let it do it’s thing it’s all a big game had nothing to do on evaluations stocks are a joke only ceo make millions