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. reports developments as a Canadian consumer packaged goods company in the cannabis products market, with securities quoted on the OTCQB under CBWTF and listed on the TSX under XLY. Company news commonly covers quarterly and annual financial results, branded cannabis sales, product innovation, and distribution across Canadian recreational cannabis channels.
Recurring updates focus on product categories such as dried flower, pre-rolls, vapes, oils, and Cannabis 2.0 products, along with brands including Back Forty, Backpackers, and South Point. Auxly also reports capital-allocation actions, balance-sheet changes, issuer bids, debt repayment, and selective strategic financing or transaction activity tied to its cannabis portfolio.
Kolab Project has launched its 232 Series Diamonds, a new high-potency cannabis concentrate now available to provincial wholesalers. These concentrates, featuring Ice Cream Cake strain, are extracted from flash-frozen cannabis flower, yielding a vibrant yellow crystalline product with 900 mg of total THC per gram. The product comes in environmentally friendly packaging. This launch represents an exciting addition to Kolab Project's offerings, aiming to cater to cannabis connoisseurs.
Auxly Cannabis Group Inc. (OTCQX: CBWTF) announced today its strategic expansion into Canada’s dried-flower market, aiming to enhance its product offerings. This expansion involves:
- Launching new cultivars under Kolab Project Growers Series.
- Introducing strain-specific dried-flower products at competitive prices via the Back Forty brand.
- Increasing pre-roll capacity with custom automation.
Following a successful 2020, Auxly aims to leverage its strong market position and partnerships to boost its presence in Cannabis 1.0 products while maintaining a commitment to quality.
Auxly Cannabis Group (TSX.V - XLY, OTCQX: CBWTF) has responded to a request from IIROC regarding unusual trading activity. The Company confirms no awareness of any material undisclosed developments or changes at this time. This communication ensures investors are kept informed of any significant updates as required. Auxly focuses on delivering innovative cannabis products across various markets, supported by a strong operational and research framework.
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.