Based on Auxly’s latest financials — now doing roughly $40M/quarter in revenue, running mid-50s gross margins and having turned the corner to consistent, positive EBITDA and net income, a bullish-but-reasonable 12-month price target for XLY lands around $0.30–$0.35. That range assumes Auxly can (1) hold or slightly grow revenue into the $165–$175M annual run-rate, (2) keep EBITDA margins in the high-20s/low-30s, and (3) be rewarded with a modestly re-rated multiple as one of the few profitable, scaled Canadian LPs. At today’s ~$0.155–0.17, that implies roughly a 2x move over the next year — not a moonshot, but a sensible rerating as the market digests that Q3 wasn’t a one-off, balance-sheet risk continues to fall, and more institutions/ETFs are finally willing to touch a profitable, cash-flowing Auxly.
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