3 years ago Auxly was in financial trouble. They had to obtain an Inventory + Accounts Receive Loans to keep their lights on paying the lenders 19% interest. Now things changed Auxly lended $2m to Ayurcann receive 12% interest income. Auxly has 42m in the bank account they can do many things with that.
In 2019 Hugo made a bold prediction he said by 2025 Auxly will be # 1 Cannabis Licensed Producer in Canada. His prediction is off by one year. 2026 will be the year for Auxly sales in Quebec and British Columbia Provinces are increasing. It does not take much to catch up with the current #1 player Organigram their currently quarter sale is 53m in Canada. They gets all the attentions. Auxly is quietly climbing up the ranking current quarterly sale is 40m.