Sunday, June 22, 2025

Latest

Auxly Closes Fifth Tranche of Standby Facility For Proceeds of $2 Million

Auxly Cannabis (TSXV: XLY) this morning resumed its process of drawing funds from its previously announced $25 million unsecured convertible debenture standby facility, withdrawing an additional $2 million to fund its ongoing operations.

This mornings withdraw brings the total loan figure to $11.25 million, while the total count of tranches utilized sits at five. The latest withdrawl will see the debt have a conversion price of $0.18 per share, while 6,111,111 common share purchase warrants were also issued in connection with the tranche, with an exercise price of $0.216 and an expiry of two years. The debt bears interest at 7.5% per annum, payable semi annually.

Notably, the conversion price of the debt has fallen considerably in the latest tranche, as has the warrant exercise price. The last round, completed on June 26, saw a conversion price of $0.305, while the 5,409,836 warrants issued at the time had an exercise price of $0.366 per share.

Auxly Cannabis reported cash and cash equivalents of $20.7 million as of June 30, 2020, a decline from $21.4 million in the first quarter of fiscal year 2020.

Auxly Cannabis last traded at $0.16 on the TSX Venture.


Information for this briefing was found via Sedar and Auxly Cannabis Group Inc. The author has no affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Auxly Cannabis Sees Revenues Decline From Fourth Quarter To $22.6 Million

Growth appears to be starting to slow for Auxly Cannabis (TSX: XLY). The firm this...

Monday, May 16, 2022, 07:56:35 AM

Auxly Announces Focus On Dried Flower Products

Auxly Cannabis (TSXV: XLY) appears to be working backwards when it comes to product offerings....

Thursday, February 18, 2021, 08:42:57 AM

Democrats Take Aim At “Big Cannabis” In Proposed CAOC Legislation

It appears that the federal legalization of cannabis in the United States might not be...

Tuesday, September 7, 2021, 05:33:00 PM

Auxly Reports Revenues of $1.61 Million for Third Quarter

Auxly Cannabis (TSXV: XLY) reported its third quarter financial results this morning, revealing $1.61 million...

Friday, November 22, 2019, 09:05:15 AM

Auxly Cannabis Records 2019 Revenues of $8.3 Million, Net Loss of $108.6 Million

Auxly Cannabis (TSXV: XLY) reported its fourth quarter and full fiscal year earnings late last...

Thursday, April 30, 2020, 09:10:17 AM