Auxly Announces Commencement of Trading Following 14:1 Share Consolidation

Rhea-AI Summary

Auxly Cannabis Group (TSX: XLY, OTCQB: CBWTF) began trading its common shares on a post-consolidation basis on July 28, 2026. The consolidation is structured as fourteen (14) pre-consolidation common shares for one (1) post-consolidation common share.

According to Auxly, this share consolidation was approved by shareholders at the Annual General and Special Meeting held on June 30, 2026, and was previously announced on July 22, 2026. The company directs investors to its Q1 2026 Letter to Shareholders for further commentary on the consolidation.

Positive

• 14:1 share consolidation effective with trading commencing July 28, 2026

Negative

• None.

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TORONTO, July 28, 2026 /PRNewswire/ -- Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) ("Auxly" or the "Company") announces the outstanding common shares in the capital of the Company ("Common Shares") begin trading today on the basis of fourteen (14) pre-consolidation Common Shares to one (1) post-consolidation Common Share, as announced on July 22, 2026 and approved by the Company's shareholders at its Annual General and Special Meeting of Shareholders on June 30, 2026.

For a detailed commentary on the Company's position with respect to the Consolidation, refer to Auxly's Q1 2026 Letter to Shareholders here.

ON BEHALF OF THE BOARD

"Hugo Alves" CEO

About Auxly Cannabis Group Inc. (TSX: XLY)

Auxly is a leading Canadian consumer packaged goods company in the cannabis products market, headquartered in Toronto, Canada. Our mission is to help consumers live happier lives through quality cannabis products that they trust and love.

Our vision is to be a global leader quality cannabis products.

Learn more at www.auxly.com and stay up to date at Twitter: @AuxlyGroup; Instagram: @auxlygroup; Facebook: @auxlygroup; LinkedIn: company/auxlygroup/.

Neither Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notice Regarding Forward Looking Information:  

This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking information is frequently characterized by words such as "expect", "anticipate", "intend", "will", "may", "plan", "continue", "believe", "estimate", "potential" and similar expressions, or statements that certain events or conditions "may" or "will" occur.

Forward-looking information in this news release includes, but is not limited to, statements regarding: the anticipated effective date of the Consolidation; the expected commencement of trading of the Common Shares on a post-Consolidation basis; the anticipated reduction in the number of issued and outstanding Common Shares; the treatment of fractional Common Shares; the issuance of replacement DRS advices and processing of the Consolidation by the Company's transfer agent and intermediaries; the adjustment of the Company's outstanding convertible securities; and the expected timing and completion of the Consolidation generally.

Forward-looking information is based on management's current expectations, estimates, projections and assumptions, including, among other things, that all necessary regulatory approvals will be obtained and that the Consolidation will be completed on the anticipated timeline. Although the Company believes these assumptions are reasonable, they may prove to be incorrect.

Actual results may differ materially from those expressed or implied by the forward-looking information as a result of a number of risks and uncertainties, including, without limitation: the failure to obtain or maintain required regulatory approvals; delays in the implementation of the Consolidation; unexpected administrative or operational issues relating to the Consolidation or the processing thereof by the Company's transfer agent or intermediaries; changes in applicable laws or regulatory requirements; and general economic, market or business conditions. Additional risk factors are disclosed in the annual information form of the Company for the financial year ended December 31, 2025 dated March 25, 2026.

Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this news release is made as of the date hereof and is expressly qualified in its entirety by these cautionary statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

View original content to download multimedia:https://www.prnewswire.com/news-releases/auxly-announces-commencement-of-trading-following-141-share-consolidation-302836005.html

SOURCE Auxly Cannabis Group Inc.

FAQ

What did Auxly Cannabis Group (OTCQB: CBWTF) announce on July 28, 2026 about its shares?

Auxly announced that its common shares began trading on a post-consolidation basis, at fourteen pre-consolidation shares for one post-consolidation share. According to Auxly, this follows prior disclosure on July 22, 2026 and shareholder approval on June 30, 2026.

What is the share consolidation ratio for Auxly (TSX: XLY, OTCQB: CBWTF)?

Auxly implemented a share consolidation of fourteen pre-consolidation common shares for one post-consolidation common share. According to Auxly, all outstanding common shares now trade on this 14:1 post-consolidation basis as of July 28, 2026.

When did Auxly shareholders approve the 14:1 share consolidation for CBWTF stock?

Auxly shareholders approved the share consolidation at the company’s Annual General and Special Meeting on June 30, 2026. According to Auxly, this approval authorized the 14:1 consolidation that is now in effect for its outstanding common shares.

When did Auxly (CBWTF) begin trading on a post-consolidation share basis?

Auxly’s common shares began trading on a post-consolidation basis on July 28, 2026. According to Auxly, trading now reflects the ratio of fourteen pre-consolidation common shares to one post-consolidation common share for all outstanding shares.

Where can Auxly (CBWTF) investors find more details on the 2026 share consolidation?

Investors can find more detail in Auxly’s Q1 2026 Letter to Shareholders, referenced in the announcement. According to Auxly, this letter provides the company’s commentary on the share consolidation and its broader corporate positioning.

Does the Auxly 14:1 share consolidation change the company’s mission or business focus?

The announcement does not indicate any change to Auxly’s mission or business focus. According to Auxly, it remains a Canadian consumer packaged goods company in the cannabis products market, aiming to provide quality cannabis products that consumers trust and love.