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Auxly Cannabis Group Inc. (CBWTF) is a leading consumer packaged goods company in the cannabis products market. The company focuses on quality cannabis products that consumers trust and love. In 2023, Auxly achieved profitability targets and significant growth milestones, including profitability, net revenue of over $100 million, and positive cash flow. The company strengthened its balance sheet through partnerships and financial improvements, positioning itself for success in the evolving cannabis market. In Q1 2024, Auxly continued its growth trajectory with record sales, gross margins, and adjusted EBITDA. The company's commitment to innovation, product quality, and operational efficiency drives its sustainable growth and profitability goals. Auxly's recent expansion into the Quebec market and introduction of new products reflect its dedication to meeting consumer needs and market demands.
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Auxly Cannabis Group Inc. released its financial results for Q4 and full year 2023, reporting record net revenues of $101.1 million, a 7% increase YoY. The company achieved positive adjusted EBITDA of $1.5 million and positive cash flow from operations of $8.2 million in 2023. Auxly secured industry-leading margins in the adult-use recreational market, maintained leadership in national vape sales, and expanded its product portfolio. The company strengthened its financial position by amending its credit facility and securing support from strategic partner Imperial Brands plc. Despite challenges in the cannabis market, Auxly focused on sustainable growth and profitability in 2023.
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Auxly Cannabis Group Inc. (CBWTF) to report Q4 and full-year earnings on March 25, 2024, without a conference call. Investor inquiries directed to IR@auxly.com.
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Auxly Cannabis Group Inc. announces the amendment of its credit facility with a syndicate of lenders, extending the maturity date, updating financial and operational covenants, and increasing quarterly principal payments. The amendments provide flexibility for strategic growth objectives and capital allocation. The credit facility will continue to be supported by a limited guarantee and a pledge by Auxly.
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Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) announced the signing of a non-binding term sheet to amend and restate the credit facility for its subsidiary Auxly Leamington Inc. The revised terms include an extension of the maturity date, updated financial and operational covenants, increased quarterly principal payments, and continued support by Auxly. The company and lenders are working towards a definitive binding amendment, with a third interim extension provided until January 31, 2024.
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Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) has received a second interim extension of the maturity date of its credit facility with a syndicate of lenders, led by the Bank of Montreal, until December 31, 2023. The Company and the lenders are working towards a formal credit amendment and longer-term extension.
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Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) reported Q3 2023 total net revenues of $28.2 million, a 42% increase from the same period in 2022. The company reduced SG&A by 13% and achieved positive Adjusted EBITDA of $0.1 million. Auxly maintained its position as the #5 LP in Canada with a 4.8% market share. The company's newest brand, Parcel, gained traction in the dried flower category, and innovative cannabis products were introduced to the market. Auxly also extended the maturity date of its convertible debenture with Imperial Brands plc by two years.
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Auxly Cannabis Group Inc. will report earnings results for its third quarter 2023 on November 13, 2023. The company is a leading consumer packaged goods company in the cannabis products market. There will be no earnings conference call and investor inquiries should be directed to IR@auxly.com.
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Auxly Cannabis Group Inc. receives interim extension of credit facility maturity date until November 30, 2023.
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Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) announces an agreement with Imperial Brands PLC to extend the maturity date of a $123 million debenture by 24 months. Imperial Brands will no longer hold a required percentage to nominate a director to Auxly's Board, leading to the resignation of its nominee. The company also announces the resignation of CFO Brian Schmitt and the appointment of Travis Wong as interim CFO. Additionally, warrant amendments have been implemented, reducing the exercise price and extending the expiry date.
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FAQ
What is the current stock price of AUXLY CANNABIS GRP (CBWTF)?
The current stock price of AUXLY CANNABIS GRP (CBWTF) is $0.037294 as of January 28, 2025.
What is the market cap of AUXLY CANNABIS GRP (CBWTF)?
The market cap of AUXLY CANNABIS GRP (CBWTF) is approximately 45.5M.
What is Auxly Cannabis Group Inc. focused on?
Auxly Cannabis Group Inc. focuses on quality cannabis products in the consumer packaged goods sector.
What milestones did Auxly achieve in 2023?
In 2023, Auxly achieved profitability targets, over $100 million in net revenue, and positive cash flow.
How did Auxly strengthen its balance sheet?
Auxly strengthened its balance sheet through partnerships and financial improvements, including debt conversion and extended credit facility.
What were Auxly's key achievements in Q1 2024?
In Q1 2024, Auxly achieved record sales, gross margins, and adjusted EBITDA, demonstrating continued growth and profitability.
What market expansion did Auxly announce recently?
Auxly expanded into the Quebec market with new products, reflecting the company's commitment to meeting consumer needs and market demands.
Where can shareholders find information on the Annual General Meeting of Shareholders?
To find information on the Annual General Meeting of Shareholders, shareholders can access the Management Information Circular available on SEDAR and the company's website.
AUXLY CANNABIS GRP INC
OTC:CBWTF
CBWTF Rankings
CBWTF Stock Data
45.49M
986.24M
21.73%
0.24%
Drug Manufacturers - Specialty & Generic
Healthcare
United States of America
Toronto