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Can Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Right the Ship Following Q3 Data?

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Auxly Cannabis Group Inc (OTCMKTS:CBWTF) just reported its financial and operational results for the three and nine months ended September 30th, 2018. The stock has been a relative laggard in the space, but out an extremely comprehensive tour de force of a quarterly press release, and it will be interesting if shares can catch some support off the legitimation that may provide.

Chuck Rifici, CEO and Chairman of Auxly commented: “Auxly continues to build out its platform at an industry leading pace and make progress on the development of its assets and partners at all touch points of the cannabis value chain. We continue to make strategic additions to the overall platform in line with the company’s domestic and international expansion plans. Needless to say, we are pleased with the steady progress we have made in the last three months as the Company works towards achieving its long -term strategic goals.”

Auxly Cannabis Group Inc (OTCMKTS:CBWTF) operates as a cannabis streaming company.

The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!

It provides funding for cannabis production; and holds contractual rights and minority equity interest relating to the operation of cannabis facilities. The company was formerly known as Cannabis Wheaton Income Corp. and changed its name to Auxly Cannabis Group Inc. in June 2018. Auxly Cannabis Group Inc. was incorporated in 1987 and is headquartered in Vancouver, Canada.

It provides funding for cannabis facility expansions, operations, and initial construction in exchange for minority equity interests and a portion of the cultivation production.

The company was formerly known as Knightswood Financial Corp. and changed its name to Cannabis Wheaton Income Corp. in May 2017. Cannabis Wheaton Income Corp. was incorporated in 1987 and is based in Vancouver, Canada, and became known as Auxly Cannabis Group Inc over recent months.

The company frames itself as a collective of entrepreneurs with a passion for the cannabis industry past, present and future. “Our mandate is to facilitate growth for our partners by providing them with financial support and sharing our collective industry experience. Our partners all have different visions, voices and brand values, and all share a common goal—to build a world-class industry based on ethics, diversity, quality and innovation.”

 

Looking to Turn the Tide

As we discussed earlier, CBWTF just reported its financial and operational results for the three and nine months ended September 30th, 2018. Despite the boost that accompanied this news, shares of CBWTF have been under some pressure, down about -23% over the past five days of trading activity.

Hugo Alves, President and Director of Auxly commented: “The third quarter of 2018 was highlighted by the further progress we have made in developing our assets and securing new accretive relationships across all of our business channels. We are increasingly differentiating ourselves through our focus on science-driven product innovation at Dosecann. We have assembled a world class team and have continued to invest in the infrastructure and strategic initiatives that we feel will best position Dosecann to be a leading player in the product development and manufacturing segment of the cannabis market.”

Auxly Cannabis Group Inc (OTCMKTS:CBWTF) had no reported sales in its last quarterly financial data. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($295.8M against $0).

Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!

   

Learn More About PLSI at your brokerage today!

         

Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Trade


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Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Play