Auxly Cannabis CBWTF A Cannabis Stock To Watch With #1 Market Share

Auxly Cannabis CBWTF A Cannabis Stock To Watch With #1 Market Share

Auxly Cannabis holds a 14% market share for a cannabis 2.0 product in Canada. That is a significant position to hold. Plus, Auxly Cannabis has a distribution deal with Inner Spirit Holdings who will sell their products in their dispensaries. Inner Spirit Holdings will have over 100 stores by the end of the year. Auxly Cannabis will see continued revenue increases over the next several quarters. They just printed a 47% QoQ revenue increase. However, we still do not have enough information to target a price target on the stock. Margins are still low from Auxly’s financials. However, total operating costs have been kept measured for this cannabis stock.

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