News Archive

Please direct media inquiries to press@auxly.com.
Auxly Reports Q3 2023 Financial Results

TORONTO, Nov. 13, 2023 /PRNewswire/ – Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) (“Auxly” or the “Company“) today released its financial results for the three and nine months ended September 30, 2023. These filings and additional information regarding Auxly are available for review on SEDAR at www.sedar.com. All amounts are Canadian dollars except common shares (“Shares“) and per Share amounts Q3 2023 […]
Auxly Reports Forth Quarter and Full Year 2022 Financial Results and Provides Outlook for 2023

TORONTO, March 31, 2023 /CNW/ – Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) (“Auxly” or the “Company“) today released its financial results for the three and twelve months ended December 31, 2022. These filings and additional information regarding Auxly are available for review on SEDAR at www.sedar.com. All amounts are Canadian dollars except common shares (“Shares“) and per Share amounts. 2022 […]
Auxly Introduces Edi’s by Foray with the Launch of Large-Pack, ‘Snackable’ Edibles

TORONTO, Aug. 2, 2022 /CNW/ – Auxly Cannabis Group Inc. (TSX: XLY) (“Auxly” or the “Company“), a leading consumer packaged goods company in the cannabis products market, is thrilled to introduce a new extension to its Foray brand: Edi’s. While keeping true to Foray’s pedigree of approachability and accessibility, Edi’s is bringing the fun back into snacking with a bold […]
Auxly Extends Standby Facility Convertible Debentures to August 15, 2024

TORONTO, June 23, 2022 – Auxly Cannabis Group Inc. (TSX: XLY) (“Auxly” or the “Company“), a leading consumer packaged goods company in the cannabis products market, is pleased to announce that it has amended and restated the unsecured convertible debentures in the capital of the Company (“Original Convertible Debentures“) issued under its standby facility (the “Standby Facility“) with an […]
Auxly Acquires 100% Ownership of Sunens and Amends Credit Facility

—Auxly acquires remaining equity interest and secures 100% ownership of Sunens Farms Inc. —Currently utilizing output from Sunens in its 1.0 and 2.0 cannabis products, including Ontario’s current top-selling dried-flower SKU, Back Forty’s Wedding Piei —Provides immediate improvement to gross margins and reduces reliance on large-scale wholesale cannabis purchases —Amends and restates its credit facility […]
Kolab Project Launches 132 Series Live Resin Soft Chews, Canada’s First Live Resin Cannabis Edible

TORONTO, Sept. 29, 2021 — Today, Kolab Project announces the launch of 132 Series Live Resin Black Cherry Punch Soft Chews, Canada’s first cannabis-infused live resin edible. Kolab Project 132 Series Live Resin Black Cherry Punch Soft Chews are for cannabis enthusiasts who love the true-to-plant taste of cannabis, and are an extension of Kolab Project’s true-to-strain […]
Auxly Strengthens Financial Position with the Implementation of Amendments to Imperial Brands $123 Million Convertible Debenture and Sale of Curative Cannabis

TORONTO, Ontario, July 6, 2021 – Auxly Cannabis Group Inc. (TSX – XLY) (OTCQX: CBWTF) (“Auxly” or the “Company“) a leading consumer packaged goods company in the cannabis products market, is pleased to announce the implementation of amendments to certain provisions of its previously issued $123 million debenture (the “Debenture”) and investor rights agreement (the […]
Auxly Reaches an Agreement With Myconic Capital to Sell KGK Science For Up to $16.5 Million in Value

…announced today that it has entered into a definitive agreement with Myconic Capital Corp. (NEO: MEDI) (“Myconic”), an investment issuer with a diversified portfolio focused on emerging companies, pursuant to which Myconic will acquire all of the issued and outstanding shares of KGK Science Inc. (“KGK”) (the “Transaction”) for up to $16.5 million in value comprised of:
Auxly Reports Fourth Quarter and Full Year 2020 Financial Results and Provides Outlook for 2021

TORONTO, Ontario, April 26, 2021 – Auxly Cannabis Group Inc. (TSX ‐ XLY) (OTCQX: CBWTF) (“Auxly” or the “Company”), a consumer packaged goods company in the cannabis products market, today released its fourth quarter and full year 2020 financial results. These filings and additional information regarding Auxly are available for review on SEDAR at www.sedar.com. All amounts are Canadian dollars except common shares (“Shares”) and per Share amounts.
Auxly Announces Closing of $13.8 Million Bought-Deal Public Offering, Including Full Exercise of the Over-Allotment Option

Auxly Cannabis Group Inc. (“Auxly” or the “Company”) (TSXV: XLY) (OTCQX: CBWTF) is pleased to announce the closing of its bought deal short form prospectus offering pursuant to which the Company issued 46,000,000 units of the Company (the “Units”) at a price of $0.30 per Unit for gross proceeds to the Company of $13,800,000 (the "Offering"), including the full exercise of the over-allotment ...
Just in Time for a Highly Unusual Holiday Season, Kolab Project Introduces a Nostalgic Indulgence: Cannabis-Infused Cherry Cola Pop Milk Chocolates

The holiday season is typically a time to celebrate and reconnect with friends and family. This holiday season, however, is going to look a lot different and many Canadians will be turning to the memories of past celebrations for comfort and joy. It’s in this spirit of nostalgia that Kolab Project is introducing a new, multisensory, flavour-first cannabis edible product – Cherry Cola Pop ...
Kolab Project Launches Ice Cream Cake Dried Flower with Safari Flower Co., a New Premium Craft Grower Collaboration

Kolab Project, in collaboration with craft cultivator Safari Flower Co., today announces the launch of Ice Cream Cake dried flower for premium cannabis consumers. Ice Cream Cake is the latest craft-grower collaboration from Kolab Project, a consumer brand owned by Auxly Cannabis Group Inc. (TSXV – XLY) (“Auxly”) dedicated to providing a carefully curated selection of cannabis products while ...
Auxly Announces Upsized Bought-Deal Public Offering to $12 Million

Auxly Cannabis Group Inc. (“Auxly” or the “Company”) (TSXV: XLY) (OTCQX: CBWTF) is pleased to announce that it has entered into a revised agreement with Mackie Research Capital Corporation as the sole underwriter and sole bookrunner (the “Underwriter”), to increase the size of the previously announced bought-deal short-form prospectus offering of units of the Company (the “Units”) to 40,000,000...
Move Over Pumpkin Spice: Foray Rings in Fall with Cannabis-Infused Hard Maple Caramels

It’s official – the tyranny of pumpkin spice is over. The latest autumnal flavour for Canadian cannabis consumers is a new twist on a familiar classic – cannabis-infused Hard Maple Caramels from Foray. Made using real Canadian maple syrup, butter, cream – and of course, cannabis – Foray Hard Maple Caramels are coming to cannabis retail stores across Canada this October. This launch offers ...
Auxly’s Subsidiary KGK Science Receives Research Licence to Conduct Product Palatability and Sensory Testing with Human Subjects

Auxly Cannabis Group Inc., a consumer packaged goods company in the cannabis products market, is thrilled to announce that its wholly owned subsidiary, KGK Science Inc. (“KGK”) has received its second Cannabis Research Licence from Health Canada pursuant to the Cannabis Act. This licence permits KGK to administer cannabis extracts, edible cannabis and ...
Introducing Kolab Project Flower – a New Dried-Flower Collaboration Between Kolab Project and Craft Growers Lotus Cannabis Co., Available Now

Kolab Project and Lotus Cannabis Co. today announce the launch of Kolab Project cannabis flower in select licensed retailers across Canada. Kolab Project Kalifornia is a heavy-hitting Indica-dominant strain, which is the result of a unique collaboration between Kolab Project, a cannabis brand owned by Auxly Cannabis Group Inc. (TSXV – XLY) (“Auxly”), and Lotus Cannabis Co., the consumer brand ...
Auxly’s Subsidiary Dosecann Receives Research Licence to Conduct Product Palatability and Sensory Testing with Human Subjects

Auxly Cannabis Group Inc., a consumer packaged goods company in the cannabis products market, is thrilled to announce that its wholly owned subsidiary, Dosecann LD Inc. (“Dosecann”) has received its Cannabis Research Licence from Health Canada pursuant to the Cannabis Act. This licence permits Dosecann to administer cannabis extracts, edible cannabis and...
Auxly Announces Annual General and Special Meeting of Shareholders and COVID-19 Precautionary Guidance

Auxly Cannabis Group Inc. (TSX.V - XLY) (OTCQX: CBWTF) ("Auxly" or the "Company") announced today that it will hold its Annual General and Special Meeting of Shareholders (the “Meeting”) on Wednesday, July 15, 2020 at 2:00 p.m. EST at the offices of McCarthy Tétrault LLP, Suite 5300, TD Bank Tower, Toronto, Ontario M5K 1E6. COVID-19 Guidance - The Company is strongly discouraging...
Auxly’s Subsidiary Dosecann Enters into Manufacturing and Distribution Agreement with dosist™, an Award-Winning Wellness Company

Auxly Cannabis Group Inc., a leading consumer packaged goods company in the derivative cannabis products market, is pleased to announce that its wholly-owned subsidiary Dosecann LD Inc. (“Dosecann”) has entered into an agreement with GSW Creative Corporation Canada Inc., doing business as dosist™ (“dosist”), to manufacture their proprietary wellness vape devices at Dosecann’s facility in Prince...
Auxly Announces Receipt of Sales Licence for Premium Craft Cannabis Brand Robinsons

Auxly Cannabis Group Inc., a consumer packaged goods company in the cannabis products market, is pleased to announce that its wholly owned subsidiary Robinsons Cannabis Inc. (“Robinsons”) has been authorized by Health Canada to sell dried cannabis to provinces and territories under the Cannabis Regulations. This sales licence expands Auxly’s product portfolio to include artisan hand-crafted ...
Auxly Secures $25 Million Convertible Debenture Standby Financing and Closes Initial Tranche

Auxly Cannabis Group Inc. is pleased to announce that it has entered into an investment agreement (the “Agreement”) with an institutional investor (the “Investor”) as a standby facility to provide the Company with access to additional capital. This provides the Company with the opportunity to sell, on a private placement basis, unsecured convertible debentures of the Company (collectively, the ...
Auxly Acquires Exclusive Global Rights to Omega-Rich Ahiflower® Seed Oil for Use in Cannabis Products

Auxly is pleased to announce that its wholly owned subsidiary Dosecann LD Inc. (“Dosecann”) has entered into an agreement with Natures Crops International (“Natures Crops”), a vertically integrated grower and manufacturer of plant-based specialty oils, pursuant to which the Company will purchase the exclusive global rights to Ahiflower® oil for use in Auxly’s diverse portfolio of cannabis products
Auxly Announces Continued Strategic Partnership and Supply Agreement With Delta 9

Auxly is pleased to announce that it has entered into a supply agreement with its strategic partner, Delta 9 Cannabis Inc. (“Delta 9”) in which the Company will supply cannabis products to Delta 9’s multiple retail locations, where permitted. Delta 9 is a vertically integrated cannabis company based in Winnipeg, Manitoba. Delta 9 currently operates four cannabis retail stores in Manitoba, with...
Auxly Included in Select Group Added to the Newly Created S&P/TSX Cannabis Index (XCAN)

Auxly Cannabis Group Inc. (TSX.V: XLY) (OTCQX: CBWTF) (“Auxly” or the “Company”) is pleased to announce that it has been included in the newly created S&P/TSX Cannabis Index (“XCAN”), which measures the performance of a select group of issuers trading on the TSX and TSX Venture exchanges that are significantly involved in the cannabis industry. Each issuer has been vetted by the TSX Market ...
Auxly Announces Repayment of Remaining Unsecured Convertible Debentures and Expiration of Warrants Due

Auxly Cannabis Group Inc. (TSX.V: XLY) (OTCQX: CBWTF) (“Auxly” or the “Company”) today announced that, further to the Company's October 30, 2019 press release, it has settled the remaining 6% unsecured convertible debentures that matured on January 16, 2020, for approximately $2.7 million. In addition, warrants issued on January 16, 2018 to purchase 32,200,000 shares of the Company’s common ...
Auxly Reports Imperial Brands Exercises Its Top-Up Rights Under Subscription Agreement

Auxly Cannabis Group Inc. today announced that Imperial Brands PLC (“Imperial Brands”) has exercised its pre-emptive right to subscribe for an aggregate amount of 6,315,574 common shares (the “Purchased Shares”) of Auxly for $5,207,110.94. By subscribing for the Purchased Shares, Imperial Brands shows its continued support in Auxly by maintaining its 19.9% ownership of the Company, following ...
Auxly Clears Key Milestones for Phase Two Cannabis Product Sales: Agreements in Place and Listings Secured for Derivative Product Sales Across Canada Beginning December 16

Auxly Cannabis Group Inc. today announced that it has entered into an agreement with every Canadian province (except Quebec) to commence sales of cannabis 2.0 products (extracts, edibles and topicals) and has secured in excess of 250 listings in the aggregate for its vape, chocolate and chewable products across nine provinces. This development, following the ...
Auxly Announces Repayment of Approximately 97% of Its Unsecured Convertible Debentures Due January 16, 2020

Auxly Cannabis Group Inc. today announced that, further to the Company's October 18, 2019 press release, certain holders of the Company's remaining 6% unsecured convertible debentures in the principal amount of $98,690,000 maturing on January 16, 2020 (the "Debentures") elected to either convert or amend their Debentures, resulting in $95,425,174 of debt; and (ii) the conversion of $15,985,826 int
Auxly Receives Licences to Sell Cannabis Extracts, Edibles and Topicals; Submits New Product Notifications for More Than 80 Cannabis Product SKUs to Health Canada

Auxly today announced that its wholly-owned subsidiaries, Dosecann Inc. (“Dosecann”) and Kolab Project Inc. (“Kolab”), have received amendments to their respective oil sales licences from Health Canada. These amendments authorize Dosecann and Kolab to sell cannabis extracts, edibles and topical products to the Canadian market. The Cannabis Regulations require licenced processors to submit a notifi
Auxly Announces Proposed Reduction to Conversion Price of 6% Unsecured Convertible Debentures Due January 16, 2020

Auxly Cannabis Group Inc. today announced that it has received approval from the TSX Venture Exchange (the "TSXV") to amend the conversion price under its 6% unsecured convertible debentures in the principal amount of $100,000,000 maturing on January 16, 2020 (the "Debentures") from $1.55 per share to $0.74 per share. The Company will provide written notice (the "Notice") to holders of Debentures

Auxly Closes C$123 Million Investment and R&D Partnership with Imperial Brands and Strengthens its Board

Auxly today announced that its transaction (the “Transaction”) with Imperial Brands PLC (“Imperial Brands”) has closed. As announced on July 25, 2019, Imperial Brands invested C$123 million by way of a debenture pursuant to the Transaction, which is convertible into 19.9% ownership of Auxly. Imperial Brands grants Auxly global licenses to its vaping technology, access to its vapor innovation busi
Auxly Announces Closing of Previously Announced $84 Million Credit Facilities Through its Joint Venture Partner, Sunens Farms Inc.

Auxly is pleased to announce that its joint venture partner, Sunens Farms Inc. (“Sunens”), has closed the previously announced $84 million syndicated credit facilities, with the Bank of Montreal (“BMO”) as Lead Underwriter. The syndicated senior debt facility will be for $71.5 million (the “Credit Facility”) for a three-year term together with a BMO $12.5 million leasing facility (the “Leasing F
UPDATE – Auxly Announces Receipt of Key Cannabis Oil Sales Licences for Dosecann and Kolab Project

Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company") today announced that its wholly-owned subsidiaries, Dosecann Inc. (“Dosecann”) and Kolab Project Inc. (“Kolab”) have both been authorized by Health Canada to sell cannabis oil under the Cannabis Regulations. The issuance of these sales licences marks a significant milestone for Auxly in furthering its strategy to deliver branded de
Auxly, Together with its Strategic Partner, Atlantic Cultivation, Enters into a Comprehensive Supply, Development and Retail Agreement with Newfoundland & Labrador

Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company"), together with its strategic partner, Atlantic Cultivation (“Atlantic”), is thrilled to announce today that it has entered into a comprehensive supply, development and retail agreement with the Province of Newfoundland and Labrador. The agreement marks a significant milestone in the establishment of Auxly’s presence in Atlantic Can
Auxly Announces Signing Of Term Sheet For $84 Million Credit Facilities Through Its Joint Venture Partner, Sunens Farms Inc.

Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company") is pleased to announce that its joint venture partner, Sunens Farms Inc. (“Sunens”), has entered into a term sheet for a syndicated credit facility, with the Bank of Montreal (“BMO”) as Lead Underwriter and, subject to the satisfaction of certain customary closing conditions and the finalization of definitive loan documentation, ex
Auxly Announces Appointment of Andrew MacMillan as VP, Commercial Business Development

Mr. MacMillan most recently served as the Chief Executive Officer of the PEI Liquor Control Commission, which is responsible for the regulation and sale of cannabis through its related corporation, the Cannabis Management Corporation. In his role as CEO, Mr. MacMillan oversaw the regulation of cannabis and the establishment of the PEI Cannabis retail operations, which are regarded as among the mos
Auxly Announces Strategic Agreement with Lonza for Liquid Filled Capsules and Fill and Seal Technology

Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly") is pleased to announce that Auxly’s wholly owned subsidiary, Dosecann Inc. (“Dosecann”) has entered into a definitive agreement with Capsugel Inc., a subsidiary of Lonza Group Ltd. (“Capsugel”), to provide Dosecann with a complete line of equipment for capsule filling and sealing, including a state-of-the-art LEMS® machine, Lonza’s proprietary liqu
Auxly Congratulates Streaming Partner Lotus Ventures on Obtaining Cannabis Licences From Health Canada

Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company") today announced that its streaming partner, Lotus Ventures Inc. (“Lotus”), has been granted a “standard cultivation” licence and a “sale for medical purposes” licence by Health Canada pursuant to the Cannabis Act and Cannabis Regulations. The licences give Lotus the ability to begin cultivation at its fully constructed 22,500
Auxly Strengthens Board of Directors Through the Appointment of Genevieve Young and Jean-Paul Gaillard as Independent Directors

Auxly is pleased to announce the appointment of Genevieve Young and Jean-Paul Gaillard as independent members of its board of directors, effective immediately. Following the appointments, Auxly’s board will consist of five members, three of whom are independent from the Company. The newly appointed board members add a significant amount of depth to the board and bring complementary skill sets to
Auxly Announces Receipt of SENACLAFT Approval and Closing of Inverell S.A. Acquisition

Inverell is a federally licensed Cannabis Operator based in Montevideo, Uruguay. Led by Dr. Raúl Urbina, Inverell is a large-scale outdoor producer of hemp plants for CBD extraction operating on an initial footprint of approximately 300 hectares. Inverell has recently commenced the planting of its feminized seeds on 150 hectares (approximately 16.1 million square feet) which it expects to complete
Auxly Announces Cultivation and Retail Expansion Into Newfoundland & Labrador Through Strategic Partnership With Atlantic Cultivation

Atlantic was founded by a team with a long-standing commitment to building opportunities in the province of Newfoundland and Labrador. Pillars of local industry, Christopher J. Hickman, Tom Collingwood Sr., Cynthia Crosbie and the entire Atlantic team lend to the project decades of unparalleled strategic leadership and oversight from diverse business environments. Atlantic’s collective of entrepre
Auxly Cannabis Group and Kaneh Bosm BioTechnology Inc. Announce Strategic Investment and Partnership and Name Change of KBB to ICC International Cannabis Corp.

VANCOUVER, British Columbia, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Auxly Cannabis Group Inc. (TSX.V: XLY) (OTCQX: CBWTF) ("Auxly" or the "Company") and Kaneh Bosm BioTechnology Inc. (CSE: KBB)(FWB: 8K51)(OTC: KNHBF) ("Kaneh Bosm") are pleased to announce that Auxly has completed a strategic investment (the “Investment”) and has entered into a commercial rights agreement (the “Agreement” and together