Geometry Dash APK Hill Climb Racing APK
39.2 F
New York
Monday, January 17, 2022

Why Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Could be Worth a Fresh Look

Must read

Bombardier, Inc. (OTCMKTS:BDRBF) Continues to Gain Momentum and Strength

Many stocks have managed to record significant gains in recent months and one that often flies under the radar is Bombardier,...

Grayscale Bitcoin Trust (Btc) (GBTC) Makes Big Move As Bitcoin Goes Wild

Bitcoin, the world’s biggest cryptocurrency by market cap, has been in the middle of a remarkable rally for the past few months...

Voyager Digital Ltd (OTCMKTS:VYGVF) Hits All-Time High on Download News

The remarkable rally enjoyed by several crypto assets over the course of the past months has also resulted in an increased demand...

Solar Integrated Roofing Corp (OTCMKTS:SIRC) Surges Higher On Sector Strength

The Solar Integrated Roofing Corp (OTCMKTS:SIRC) stock has come into sharp focus among investors and on Wednesday, the stock made significant gains...

There are explosive stories in the small-cap cannabis patch, and then there are those like Auxly Cannabis Group Inc (OTCMKTS:CBWTF), which one might classify as “chronic potential”. That’s not what you want if you’ve been camped out in this stock for the past year or two on a cannabis growth investment thesis. But it gets interesting when you think from the standpoint of new money sitting on the sidelines, interested in the space, and searching for ostensible value. The company just announced the official opening of LAB001, the flagship retail location of its wholly-owned subsidiary, Kolab Project Inc, as a possible incitation for the dry powder to get in the game. Time will tell.

According to the release, LAB001, located at #7, 3427 – 50 Avenue in Lloydminster, Saskatchewan, is open and operational as of July 11, 2019. In conjunction with the opening of the retail location, Kolab is now able to commence province-wide e-commerce sales in Saskatchewan. The flagship retail location was designed in collaboration with Toronto-based studio IV. The space is designed to be not only a shoppable destination, but a transformative one; a storefront that doesn’t simply house branded items for purchase, but is in itself an extension of the brand and its ethos.”

Auxly Cannabis Group Inc (OTCMKTS:CBWTF) trumpets itself as an investment company that seeks to provide investor returns through streams and capital appreciation in the Canadian cannabis industry.

The company operates as a cannabis streaming company. 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.

According to company materials, “Auxly Cannabis Group is 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.”

Find out when $CBWTF reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

As noted above, CBWTF just announced the official opening of LAB001, the flagship retail location of its wholly-owned subsidiary, Kolab Project Inc.

Technically, the stock has been relatively quiet. But, as we’ve seen in the past frequently with this name, that can change in a hurry. One positive is that we have seen it hold key support and trade basically sideways during the past several months – a time when many stocks in the same market space have been generally losing ground.

“We are extremely pleased to be opening our first retail cannabis store and extending our vertically integrated business into Saskatchewan,” said Hugo Alves, President of Auxly. “I’m proud of our Auxly and Kolab teams, whose joint efforts enabled us to open and support the operation of our flagship retail location. We look forward to delivering a premium in-store experience and products to the Saskatchewan community.”

Now commanding a market cap of $331M, CBWTF has a significant war chest ($168.4M) of cash on the books, which must be weighed relative to about $115.4M in total current liabilities. One should also note that debt has been growing over recent quarters. CBWTF is pulling in trailing 12-month revenues of $2M. In addition, the company is seeing recent top-line growth, with sequential quarterly revenues growing at 26.3%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $CBWTF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $CBWTF, either long or short, and we have not been compensated for this article.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service