Welcome to our dedicated page for Auxly Cannabis news (Ticker: CBWTF), a resource for investors and traders seeking the latest updates and insights on Auxly Cannabis stock.
Auxly Cannabis Group Inc. (OTCQB: CBWTF; TSX: XLY) generates frequent news as a Canadian consumer packaged goods company focused on cannabis products. Company updates center on its branded dried flower, pre-roll and vape offerings, its financial performance, and developments in its capital structure.
News items often cover quarterly and interim financial results, where Auxly reports on net revenues, gross margin on finished cannabis inventory sold, adjusted EBITDA and net income. These releases also highlight commercial metrics such as national market share, category leadership in all-in-one vapes and non-infused pre-rolls, and the performance of key brands like Back Forty, Liquid Imagination and Fire Breath.
Auxly’s news flow also includes announcements about strategic and financial transactions. Examples include amendments and extensions to its credit facility with a syndicate of lenders led by the Bank of Montreal, the settlement of amounts owing to Imperial Brands plc through equity and pre-funded warrants, and the repayment of specific inventory loans. The company presents these developments as steps that reduce debt, lower interest expense and strengthen its balance sheet.
Operational and corporate updates can feature product and brand innovations, such as the launch of Back Forty Backpackers pre-rolls and the introduction of the South Point brand, as well as expansion into new provincial markets like Quebec. Governance and shareholder-related items, including annual meeting results and board elections, are also disclosed through news releases.
Investors and observers following CBWTF news can use this page to track Auxly’s earnings reports, capital structure changes, brand and product announcements, and other corporate communications that the company distributes through wire services.
Auxly Cannabis Group announced its Annual General Meeting of Shareholders on June 28, 2024, at 10:00 a.m. EST, at McCarthy Tétrault LLP, Toronto. Due to seating, shareholders must pre-register by emailing IR@auxly.com at least 48 hours before the meeting. An audio teleconference will be available for real-time listening. Shareholders are encouraged to vote in advance as teleconference participants cannot vote or otherwise participate in the meeting. Additional meeting details are in the Management Information Circular, accessible on SEDAR+ and the company's website.
Auxly Cannabis Group Inc. reported record financial results for Q1 2024 with net revenues of $25.2 million, a 5% increase from the same period in 2023. The company achieved a gross margin of 38% and an adjusted EBITDA of $2.2 million, a 1,523% improvement year-over-year. Auxly reduced SG&A costs by 11% and strengthened its balance sheet through debt conversion. The company maintained its top 10 LP position in Canada and continued to lead in the vapor category and pre-roll market. Additionally, Auxly expanded product offerings to Quebec and introduced new 0.75g pre-rolls.
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.
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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