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AUXLY CANNABIS GRP INC - $CBWTF STOCK NEWS

Welcome to our dedicated page for AUXLY CANNABIS GRP news (Ticker: $CBWTF), a resource for investors and traders seeking the latest updates and insights on AUXLY CANNABIS GRP stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AUXLY CANNABIS GRP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Auxly Cannabis Group Inc. (CBWTF) will release its first-quarter 2024 financial results on May 13, 2024. The report will cover earnings for the period ending on March 31, 2024. Investors can expect the release before the markets open, with inquiries directed to IR@auxly.com.

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0.48%
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Auxly Cannabis Group Inc. expands into Quebec, launching new pre-roll and vape products, including Back Forty slim style pre-rolls and innovative vape hardware. The company introduces Liquid Imagination cultivar and new flavour profiles like White Freeze and Kolab Project. Auxly aims to capture the Quebec market, strengthen national presence, and cater to evolving consumer needs.

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Auxly Cannabis Group Inc. announces the conversion of $123 million in debt to shares by Imperial Brands plc, resulting in a 19.8% ownership stake. The move eliminates debt, reduces annual expenses, and strengthens the company's financial position.
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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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9.09%
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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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-9.09%
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AUXLY CANNABIS GRP INC

OTC:CBWTF

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50.20M
791.94M
25.29%
0.29%
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