This post first appeared on Micro Cap Daily

Auxly Cannabis Group Inc. (CVE: CBWTF) stock price has been making an obvious effort to breach a massive resistance level at $1 ever since 2019 had started. During the last several months of 2018, Auxly had seen quite higher prices when it comes to its stock. In fact, the price reached and breached $1.50 level several times.

However, the price started crashing down in October 2018, and with one final attempt at the growth in early November — it surrendered to a steady decline, which lasted until the last days of December. This was the time when Auxly’s price reached $0.75, and it even dropped significantly below it — nearly reaching $0.60. However, the final days of the year finally brought a long-awaited change, and Auxly’s stock started growing again. Only, it did not grow far — only to $1. It also did not stick to this resistance, but it kept going up and down, occasionally being between these two levels. This is where we see it right now — between a resistance and a support, unsure as to where the price would go next.

What do you need to know about Auxly?

Auxly is a pretty well-known vertically integrated cannabis firm. While it is headquartered in Canada, the company has quite diverse international operations. The diversity comes from the firm’s evolution, as it managed to spread its influence throughout the entire cannabis value chain, even though it came to be from an intent to provide financial solutions to cannabis license applicants.

With more diversity, the company became more flexible as well, which brought economic resiliency, as well as improved product margin dynamics. As such, Auxly is always a rather safe investment, as it has a way of bouncing back no matter where the events within the market try to take it.

The company has an excellent growth strategy, as well as countless professionals with years of experience, who are there to contribute every piece of knowledge they have. All of that comes from the desire to improve the industry, help develop it further and create value for its partners and shareholders.

To Find out the inside Scoop on Auxly Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

Auxly grows in 2018 and 2019: When will its stock price catch up?

Auxly has been growing bigger and faster than ever before in the second half of 2018. The company announced product strategy updates, acquisitions, and partnerships left and right. In September, the company’s stock price saw a massive surge after it signed a definitive long-term purchase and sale agreement with Lotus Ventures. Soon after that, Auxly also entered a partnership with Keneh Bosm BioTechnology Inc.

The company then started working with FSD Pharma, which later proved to be a mistake, although at the time — it seemed like a good deal. Meanwhile, the company’s partners were advancing almost as much as Auxly itself, which reflected on the firm in a positive way.

We have a Monster Pick Coming. Subscribe Right Now!

The firm continued signing agreements and acquiring smaller firms, throughout 2019 as well, and with the termination of the joint venture with FSD Pharma, the company is free to pursue proper business opportunities without anything holding it back. It is because of this that Auxly’s stock price is expected to see growth again. The company has been advancing a lot, and the stock has yet to show it. Once it does — the surge is very likely to be massive, meaning that investing in the company’s stock while it is low could bring more than decent returns once the price catches up. If you are looking for a good investment opportunity — Auxly is definitely more than worthy of your consideration. We will be updating on Auxly when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Auxly.

Sign Up now for our 100% FREE Penny Stock Newsletter

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

--
Copyright in text and images in this article belong to the original source.

This post first appeared on Micro Cap Daily

Tagged on: