Thursday , 20 February 2020


Miscellaneous

Auxly Cannabis Spins Q3 Financial Results

Auxly Cannabis Group Inc. (TSX.V:XLY; OTCQX:CBWTF; CUSIP#: 05335P 11 7) reported its Q3 financial results on Friday (Nov.22) for the 3 months ended Sept. 30/2019 in a manner which presented a positive spin on the quarter's performance - "This has been an incredible quarter for Auxly" according to CEO, Hugo Alves - but it is hardly reflective as to how the company has been evolving of late.

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Cannabis Central: Which Of These 35 Companies Have the Lowest Cash Burn?

...We think the marijuana industry is closer to the end than the beginning of this selloff but, adding up the potential catalysts, both positive and negative, it looks like sentiment is still solidly in the selloff category for now. Overall, however, there is more than enough potential return if investors play it safe and own the stocks with a very good chance of weathering the storm. [To that end, this article looks at 35 companies, both American and Canadian, and identifies those that have] the lowest cash burn and the deepest discount to net assets.

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