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Will Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Start to Play Catch-up?

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Auxly Cannabis Group Inc (OTCMKTS:CBWTF) is an interesting play. The company has a massive stockpile of cash but hasn’t been able to really kick major revenue growth into gear. The stock has lagged during the cannabis stock craze over the past three months, but could always start to play some catch-up now that we are past the announcement in Canada.

To further flesh the story out, the company announced just last month that Auxly has completed a strategic investment and has entered into a commercial rights agreement with Kaneh Bosm. According to the release, “The Transaction provides Auxly access to a significant and established portfolio of international cannabis licenses, assets and distribution networks. As a result of the Transaction, Auxly believes that it has substantially accelerated its entry into numerous international cannabis markets and partnered with an ambitious team focused on future growth.”

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.”

Auxly Cannabis Group Inc (OTCMKTS:CBWTF) reported $214K in revenues in its latest quarterly financial data. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($224.8M against $5.3M).

 

Late to the Party?

We started off by noting that CBWTF recently hit the wires with the announcement just last month that Auxly has completed a strategic investment and has entered into a commercial rights agreement with Kaneh Bosm.

Hugo Alves, President and Director of Auxly, stated: “Auxly’s investment in Kaneh Bosm represents another synergistic partnership that adds depth to the Auxly platform. This time, however, the partnership substantially expands our platform on an international scale. We commend Eugene and his team on the work they have done in acquiring the valuable platform of assets that make up Kaneh Bosm and we look forward to working together to build a meaningful international asset base.”

It will be interesting to see if the stock can break out of its recent sideways action. Over the past week, the stock is net flat and looking for something new to spark things.

Eugene Beukman, Chief Executive Officer and Director of Kaneh Bosm, stated: “We are very fortunate to have attracted a partner like Auxly. Their support is a further validator of our conviction that international opportunities in the right jurisdictions are likely to represent the next major growth and focus area for capital, as these significant markets mature and develop. Our licenses and target licenses in Europe and Latin America blanket a massive population of eligible and interested consumers.”

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