Monday, August 06, 2018 4:00:03 PM
Of late, though, Auxly has also been acquiring growing capacity of its own in an effort to exert more control over its costs (royalty deals tend to have near-fixed costs). Should dried cannabis be commoditized, these owned facilities should give Auxly more ability to reduce its per-gram production costs.
However, the capital that Auxly Cannabis Group laid out to its licensed partners still needed to be raised via bought-deal offerings. As you can see, Auxly's market cap is virtually unchanged since the beginning of the year. However, thanks to rampant dilution, its share price has plunged by close to 70%. In other words, like Aurora Cannabis, investors have a pretty consistent view of Auxly Cannabis, as told by its market cap, but dilution has wreaked havoc on its share price."
https://finance.yahoo.com/news/under-radar-reason-marijuana-stocks-124400776.html
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