Auxly Cannabis Group Inc. - CBWTF STOCK NEWS

Welcome to our dedicated news page for Auxly Cannabis Group (Ticker: CBWTF), a resource for investors and traders seeking the latest updates and insights on Auxly Cannabis Group.

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 Group'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.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Auxly Cannabis Group's position in the market.

04/01/2024 07:30 AM

News

AUXLY ANNOUNCES COMPLETION OF CONVERSION OF OVER $123 MILLION OF PRINCIPAL AND INTEREST UNDER IMPERIAL DEBENTURE

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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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End-of-Day

11.11%

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03/25/2024 07:30 AM

News

AUXLY REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS AND PROVIDES OUTLOOK FOR 2024

Rhea-AI Summary

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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End-of-Day

72.19%

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03/18/2024 07:30 AM

News

AUXLY TO REPORT FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS ON MARCH 25, 2024

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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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End-of-Day

10.92%

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02/01/2024 07:30 AM

News

AUXLY COMPLETES AMENDMENT AND EXTENSION OF AUXLY LEAMINGTON CREDIT FACILITY

Rhea-AI Summary

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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End-of-Day

9.09%

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01/03/2024 07:30 AM

News

AUXLY ANNOUNCES NON-BINDING TERM SHEET TO EXTEND AUXLY LEAMINGTON CREDIT FACILITY FOR UP TO 3 YEARS AND THIRD INTERIM EXTENSION

Rhea-AI Summary

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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-- %

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11/30/2023 07:45 AM

News

AUXLY ANNOUNCES SECOND INTERIM EXTENSION OF AUXLY LEAMINGTON CREDIT FACILITY

Rhea-AI Summary

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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End-of-Day

7.69%

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11/13/2023 07:45 AM

News

AUXLY REPORTS Q3 2023 FINANCIAL RESULTS

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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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End-of-Day

40%

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11/06/2023 07:45 AM

News

AUXLY TO REPORT THIRD QUARTER 2023 FINANCIAL RESULTS ON NOVEMBER 13, 2023

Rhea-AI Summary

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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End-of-Day

-9.09%

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09/29/2023 07:35 AM

News

AUXLY ANNOUNCES INTERIM EXTENSION OF AUXLY LEAMINGTON CREDIT FACILITY

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Auxly Cannabis Group Inc. receives interim extension of credit facility maturity date until November 30, 2023.

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End-of-Day

-8.33%

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07/26/2023 04:45 PM

News

IMPERIAL BRANDS PLC EXTENDS $123 MILLION CONVERTIBLE DEBENTURE AND AUXLY IMPLEMENTS BOARD AND MANAGEMENT CHANGES

Rhea-AI Summary

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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Rhea-AI Sentiment

End-of-Day

7.14%

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