(PR) AUXLY ANNOUNCES SECOND INTERIM EXTENSION OF AUXLY LEAMINGTON CREDIT FACILITY
Thursday, November 30, 2023, 7:45 AM ET
AUXLY ANNOUNCES SECOND INTERIM EXTENSION OF AUXLY LEAMINGTON CREDIT FACILITY
PR Newswire
TORONTO, Nov. 30, 2023
TORONTO, Nov. 30, 2023 /PRNewswire/ - Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) ("Auxly" or the "Company"), a leading consumer packaged goods company in the cannabis products market, today announced that it has received a second interim extension of the maturity date of the amended and restated credit facility between its wholly-owned subsidiary Auxly Leamington Inc. and a syndicate of lenders, led by the Bank of Montreal as administrative agent, until December 31, 2023.
The Company and the lenders are working towards a formal credit amendment and longer-term extension although there can be no assurance that an agreement with the lenders will be reached.
About Auxly Cannabis Group Inc. (TSX: XLY)
Auxly is a leading Canadian consumer packaged goods company in the cannabis products market, headquartered in Toronto, Canada. Our focus is on developing, manufacturing and distributing branded cannabis products that delight our consumers.
Our vision is to be a leader in branded cannabis products that deliver on our consumer promise of quality, safety and efficacy.