Topic: How To Invest

Q: Pat: What do you think about Auxly Cannabis Group? The Imperial Brands investment looks good. Thanks.

Article Excerpt

A: Auxly Cannabis Group Inc., $0.90, symbol XLY on the Toronto Venture Exchange (Shares outstanding: 606.7 million; Market cap: $551.2 million; www.auxly.com), develops, produces, and sells cannabis products to the medical, wellness, and recreational markets. The company was founded in 2017 and is based in Vancouver, B.C. Auxly operates under a number of subsidiaries: The Kolab Project, with production facilities in Carleton Place, Ontario, grows and sells a selection of premium indica, sativa and hybrid dried cannabis flower for the medical market. Kolab recently opened a store in Lloydminster, Saskatchewan, and the company can now sell across the province in stores and online. Robinson’s Cannabis, with production facilities in Annapolis Valley, Nova Scotia, is a producer of a premium line of cannabis products. Auxly acquired Robinson’s in April 2018. Dosecann, based in Prince Edward Island, is a developer and manufacturer of cannabis-infused products for the wellness market, including chocolates, sprays, creams, lozenges, and oils. Dosecann has 42,000 square feet of space dedicated to extraction, quality…