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.
Back Forty, a new cannabis brand from Auxly Cannabis Group (OTCQX: CBWTF), has launched with three high-potency vape strains: Super Lemon Haze, Forbidden Fruit, and Kush Mint. These vapes are available at retailers in British Columbia, Alberta, Ontario, and New Brunswick. Each cartridge contains 360 mg of THC and includes only cannabis distillate and botanical terpenes. Brand Director Brad Canario emphasizes the brand's commitment to quality, simplicity, and affordability, inviting cannabis consumers to embrace nature.
Auxly Cannabis Group Inc. announces significant changes as it seeks a path to profitability. Chuck Rifici resigns as Chair of the Board, replaced by Genevieve Young, while Vikram Bawa joins as an independent director, bringing extensive marketing experience. Michael Lickver has been appointed President, focusing on operational excellence and strategic growth. The company aims for positive adjusted EBITDA in H1 2021 and plans cost-saving measures, expecting $3 million quarterly savings in SG&A. Auxly holds a strong market share in Cannabis 2.0 products and aims to enhance revenue through new innovative offerings.