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Bullboard - Stock Discussion Forum
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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TSX:XLY - Post Discussion
Auxly Cannabis Group Inc
> Favourable?
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•••
settoretire
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Post by
settoretire
on Jun 11, 2024 12:29am
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
(53)
•••
lastpick
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Comment by
lastpick
on Jun 11, 2024 8:32am
The only thing the government can do to save LPs is to reduce the taxes from $1/ gram to 10 cents/gram. This might save a few from losing to the black market that pays no taxes!
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