CBWTF - Auxly Cannabis Group Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.2310
-0.0137 (-5.60%)
At close: 3:55PM EDT
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  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.2447
Open0.2500
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.2300 - 0.2500
52 Week Range0.1380 - 0.8200
Volume625,462
Avg. Volume1,112,415
Market Cap147.981M
Beta (5Y Monthly)6.64
PE Ratio (TTM)N/A
EPS (TTM)-0.0750
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • GlobeNewswire

      Auxly Acquires Exclusive Global Rights to Omega-Rich Ahiflower® Seed Oil for Use in Cannabis Products

      Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the “Company”), a leading consumer packaged goods company in the derivative cannabis market, 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. This multi-year deal will provide Auxly with a proprietary ingredient for use in its current portfolio of cannabis products and the development of next generation cannabis health products that Auxly will commercialize when legally permitted.

    • GlobeNewswire

      AUXLY ANNOUNCES LEADERSHIP CHANGES

      Alan Cooke has joined Auxly as Vice President, Domestic and International Supply Chain and Operations. “Auxly’s management team is committed to the long-term success of the Company and feel more confident than ever in executing on our growth strategy with Alan bringing his extensive experience to our operations team,” said Hugo Alves, CEO.

    • GlobeNewswire

      Auxly Announces Continued Strategic Partnership and Supply Agreement With Delta 9

      Auxly Cannabis Group Inc. (TSX.V - XLY) (“Auxly” or the “Company”) 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 plans to build out a chain of retail stores under the Delta 9 Cannabis Store brand.

    • GlobeNewswire

      Auxly Included in Select Group Added to the Newly Created S&P/TSX Cannabis Index (XCAN)

      TORONTO, Jan. 22, 2020 -- 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.

    • GlobeNewswire

      Auxly Announces Repayment of Remaining Unsecured Convertible Debentures and Expiration of Warrants Due January 16, 2020

      In addition, warrants issued on January 16, 2018 to purchase 32,200,000 shares of the Company’s common stock at a strike price of $1.80 expired as of January 16, 2020. The warrants, which traded under the TSX venture symbol XLY.WT.A, have been delisted. “The repayment of the remaining debentures, together with the expiration of the 2018 warrants, has simplified our capital structure,” said Hugo Alves, CEO of Auxly.

    • 3 Canadian Cannabis Stocks Hurt By Vape Market Delays
      TipRanks

      3 Canadian Cannabis Stocks Hurt By Vape Market Delays

      The Canadian cannabis sector just can’t get regulators out of its way. The Cannabis 2.0 products were finally made available on December 17, yet a large portion of the provinces won’t allow key vape sales.Last week, Alberta suspended the sales of cannabis vaping devices due to the concerns around their health effects despite signs that the vaping health issues are related to illegal vape products. While the regulatory agency has made it clear that this move is only a suspension, Canadian cannabis companies can’t afford more delays.The Cannabis 2.0 products like vapes, edibles and topicals were supposed to carry higher margins and Eight Capital has vapes accounting for 20% of the market. A big profit driver of the market is now removed as Alberta isn’t the only province pushing back on vapes.Quebec has banned vapes and most 2.0 products. In addition, Newfoundland and Labrador have suspended vapes and British Columbia slapped a 20% tax on vape product sales. Ontario also has major cannabis retail store issues.The new plan released by the Alcohol and Gaming Commission of Ontario (AGCO) has guidelines for companies submitting store applications on March 2, with a goal of ultimately approving up to 20 retail locations per month starting in April. In total, Ontario is set to add 180 new stores next year and reach 250 stores by the end of 2020.The Ontario market includes the key Toronto metro area and nearly 40% of the total Canadian population of 37 million. The Alberta and Quebec provinces add another 35% of the population blocked from the vape market. Only a fraction of the Canadian market has easy access to buy vape products and virtually no part of the population has cheap access to vapes.We’ve delved into three companies that were set to benefit from vapes, but are now positioned to struggle until Ontario adds more retail stores and Alberta and Quebec remove the suspension on selling vape products:Aphria (APHA)Back in July, Aphria signed a deal with PAX Labs for their premium cannabis vaporization devices. At the time, the company estimated vapes and concentrates will represent 30% of the entire Canadian adult-use market by 2021. In addition, the company plans to strategically market edibles, beverages and topicals, with the hope that these products will eventually make up 10% of total sales.Amongst the large Canadian LPs, Aphria is the least promotional on new product formats. The company forecasts strong sales from the category without really drumming up the actual products.Aphria has a stated goal of reaching a C$1 billion annual revenue run rate at the end of 2020 with higher margins. The question one has to ask is whether the company can reach those targets without a full 30% of revenues coming from vapes and concentrates along with the much higher margins.The FY20 forecast for revenues reaching nearly C$700 million would presumably require a substantial boost from vape sales. When the company reports FQ2 earnings in mid-January, the market will zero in on any update to financial targets after the initial weeks of Cannabis 2.0 sales and the general lack of availability of vape sales so crucial to hitting revenue targets.While there are concerns, Wall Street analysts generally remain optimistic. The Moderate Buy analyst consensus breaks down into 6 Buy ratings and 1 Sell received in the last three months. Not to mention the $8.51 average price target puts the upside potential at 74%. (See Aphria stock analysis on TipRanks) OrganiGram Holdings (OGI)OrganiGram just announced the release of their first Cannabis 2.0 products. Several versions of their 510-thread vape cartridges have been shipped to Manitoba, Saskatchewan, Ontario, New Brunswick and Nova Scotia from the company’s Moncton production campus.The only meaningful province on the list is Ontario where sales aren’t going to be significant with only 24 retail stores open in the province. OrganiGram is one of the first companies with vape products on the market, but the company doesn’t have a market to sell to.OrganiGram is offering cartridges with three distinct offerings, Spark (sativa-dominant), Flicker (hybrid) and Glow (indica-dominant), inspired by dried flower and pre-roll products under the company’s Trailblazer-branded product lineup.It plans to release other vaporized products over the next month including Edison + Feather ready-to-go distillate pens and Edison + PAX ERA distillate cartridges. Other products set for Q1 and Q2 release are infused chocolates and dissolvable powdered beverage products designed for faster onset of cannabinoids.However, analysts only expect sales for FQ2 to reach $18.8 million. This isn’t even close to the peak levels from last year. Investors have to expect actual numbers to miss sales estimates due to the lack of any meaningful sales outlet for vapes.Despite this, analysts aren’t giving up on OGI just yet. Looking at the consensus breakdown, 5 Buys and 2 Holds add up to a Moderate Buy. On top of this, the $6.14 average price target suggests shares could soar 161% in the twelve months ahead. (See OrganiGram price targets and analyst ratings on TipRanks) Auxly Cannabis (CBWTF) Auxly Cannabis Group is one of the smaller Canadian cannabis companies offering a full suite of Cannabis 2.0 products. The vapes are based on technology from major investor Imperial Brands (IMBBY). The company has two brands releasing different vape products with various levels of THC and CBD formulations.The Toronto based company has over 250 listings for Cannabis 2.0 products across nine provinces that cover vape, chocolate and chewable products. In total, Health Canada approved 83 derivative cannabis products for this rollout.The recent Q3 report showed revenues of only C$1.6 million, mostly for research contracts. Additionally, analysts project 2020 revenues will reach $65 million, with a lot of the forecast revenue being based on vape sales.The stock has a listed market valuation of $276 million so the biggest risk is the lack of access to vape customers, which hurts projected growth of a company still in startup mode. (See Auxly stock-price forecast and analyst ratings) Check out these 5 ‘Strong Buy’ stocks that top Wall Street analysts recommend.Disclosure: No position. Disclaimer: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities.

    • GlobeNewswire

      Auxly Reports Imperial Brands Exercises Its Top-Up Rights Under Subscription Agreement

      Imperial Brands has subscribed for the Purchased Shares to maintain its pro rata ownership in Auxly as follows: i) 914,960 common shares at a subscription price of $0.91 per share; and ii) 5,400,614 common shares at a subscription price of $0.81 per share, issuable to Imperial Brands; for the issuance of shares to non-executive employees and for the remaining 6% unsecured convertible debentures. “We are delighted that Imperial Brands continues to support our vision of being a global leader in branded cannabis products,” said Hugo Alves, CEO of Auxly.

    • GlobeNewswire

      Auxly is Ready to go for 2.0: Reveals Portfolio of Cannabis Products

      Auxly Cannabis Group Inc. (TSX.V - XLY) (“Auxly” or the “Company”) today announced the unveiling of its “Cannabis 2.0” products in vape, chocolate and chewable formats which are legally available for sale beginning today under its signature brands, Kolab Project, Foray and Dosecann. “Having our initial suite of Cannabis 2.0 products ready to go on the first day sales are legal in Canada is a huge milestone for our company," said Hugo Alves, CEO, Auxly.

    • Benzinga

      Uruguay Senate Approves New Bill To Regulate Access To Medical Cannabis

      To help put a definitive end to persisting illicit cannabis markets, Uruguay's senate has passed a new bill to regulate medical marijuana. The bill, "A Comprehensive Law for the Promotion and Access to Medical and Therapeutic Cannabis," was introduced into Congress by the "Ir" sector of the “Frente Amplio” party, and approved unanimously. The new bill also presents guidelines for pharmaceutical compounding.

    • GlobeNewswire

      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. (TSX.V - XLY) (“Auxly” or the “Company”) 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 Company’s submission to Health Canada of new product notifications for 83 derivative cannabis products announced in October, means that Auxly will be ready to sell vapes, chocolates and chewables beginning December 16 when the sale of those products becomes legally permitted. “This is a major milestone for us,” said Hugo Alves, CEO of Auxly.

    • GlobeNewswire

      Auxly Reports Q3 2019 Financial Results

      TORONTO, Nov. 22, 2019 -- Auxly Cannabis Group Inc. (TSX.V - XLY) (OTCQX: CBWTF) ("Auxly" or the "Company") today released its financial results for the three and nine months.

    • GlobeNewswire

      Auxly Announces Outdoor Cultivation Expansion Through the Launch of Robinsons Outdoor Grow

      Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company"), together with its wholly owned subsidiary Robinsons Cannabis Inc. (“Robinsons”), is thrilled to announce Robinsons Outdoor Grow (“Robinsons OG”), a large scale, high quality outdoor cultivation project located in the heart of Nova Scotia’s award-winning wine region of Annapolis Valley. Robinsons OG is uniquely located in a region that is ideal for outdoor cannabis cultivation given its diverse soil types and microclimates; the same soil on which the Acadians grew hemp over 250 years ago. Located within 25 kilometers of Robinsons’ 27,700 square foot indoor facility, Robinsons OG is comprised of over 158 acres of land in Hortonville, Nova Scotia and offers road frontage and highway access, allowing for the potential future development of tourism and point of sale opportunities.

    • GlobeNewswire

      Auxly Announces Repayment of Approximately 97% of Its Unsecured Convertible Debentures Due January 16, 2020

      Auxly Cannabis Group Inc. (XLY.V) (CBWTF) (“Auxly” or the “Company”) 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 $95,425,001 of the principal amount of the Debentures being settled and reducing Auxly’s interest expense by approximately $1.25 million through: (i) the repayment of $79,439,174 of debt; and (ii) the conversion of $15,985,826 into 21,602,460 common shares of the Company at the price of $0.74 per share. “The successful repayment of the majority of the Debentures has strengthened our balance sheet and effectively left Auxly with no long-term debt payable for the next three years,” said Hugo Alves, CEO of Auxly.

    • GlobeNewswire

      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 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 received amendments to their respective oil sales licences from Health Canada. The Cannabis Regulations require licenced processors to submit a notification to Health Canada of their intent to sell each novel cannabis product in Canada at least 60 calendar days before making such cannabis products available for sale. Auxly, through its subsidiaries, has successfully submitted a total of 83 unique product SKUs to Health Canada for the new derivative product formats that the Company intends to offer for sale beginning in mid-December.

    • GlobeNewswire

      Auxly Announces Proposed Reduction to Conversion Price of 6% Unsecured Convertible Debentures Due January 16, 2020

      Auxly Cannabis Group Inc. (XLY.V) (CBWTF) (“Auxly” or the “Company”) 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 advising them of the proposed reduction in the conversion price and providing holders with the opportunity to immediately convert the principal amount of their Debentures at the revised conversion price.

    • GlobeNewswire

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

      Auxly Cannabis Group Inc. (XLY.V) (CBWTF) (“Auxly” or the “Company”) 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 business, Nerudia, and will use Auxly as its exclusive partner for the future development, manufacture, commercialization, sale and distribution of cannabis products of any kind anywhere in the world. “We are delighted to announce the closing of this transaction to formally mark the start of our strategic partnership with Imperial Brands,” said Hugo Alves, Chief Executive Officer of Auxly.

    • GlobeNewswire

      Auxly Announces Closing of Previously Announced $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 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 Facility”). Sunens is a fully automated, purpose-built greenhouse for cannabis cultivation currently under construction in Leamington, Ontario. The proceeds of the Credit Facility will be used to fund phase one of the Sunens facility, which is expected to be substantially completed by December 2019.

    • GlobeNewswire

      Auxly and Kindred Announce Canadian Brokerage Agreement

      Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly") and Kindred Partners Inc. (“Kindred”) are pleased to announce that they have entered into a brokerage agreement pursuant to which Kindred will act as Auxly’s exclusive sales agent for its adult-use cannabis products in Canada. Kindred, a wholly-owned subsidiary of Breakthru Beverage Group, is a Toronto-based specialty cannabis brokerage serving the adult-use market. Kindred leverages the deep experience of its sister-company, Breakthru Beverage Canada, in working with Canadian Provincial control boards, licensed distributors and retailers to broker regulated cannabis products for the adult-use market.

    • GlobeNewswire

      Auxly Announces Receipt of Key Cannabis Oil Sales Liceneces 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 derivative cannabis products to market when such products become legal later this year.

    • GlobeNewswire

      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 Canada. Under the terms of the agreement, Atlantic will be eligible to apply to operate five new retail locations in the province.

    • 4 Cannabis Stocks Projected to Grow Sales by at Least 355% Next Year
      Motley Fool

      4 Cannabis Stocks Projected to Grow Sales by at Least 355% Next Year

      These pot stocks should deliver supercharged revenue growth in 2020.

    • Wholesale Cannabis Prices Are Rising in Established U.S. States -- Here's Why
      Motley Fool

      Wholesale Cannabis Prices Are Rising in Established U.S. States -- Here's Why

      Following a long downturn in wholesale marijuana prices, Colorado, Oregon, and Washington are suddenly pulling a 180.

    • GlobeNewswire

      Auxly Enters Into a 300 Acre Hemp Cultivation and Purchase Agreement for the 2019 Cultivation Season

      Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company") today announced that it has entered into a hemp cultivation and purchase agreement (the “Agreement”) pursuant to which the Company has agreed to act as the financial sponsor for the development of a hemp farming co-operative consisting of six individual hemp licence holders pursuant to the Cannabis Act (collectively, the “Hemp Farmers”) located in Prince Edward Island. To date, the Company has funded $4.5 million of the approximately $6 million it will advance and the Hemp Farmers have planted nearly 300 acres of hemp, which is expected to result in approximately 100,000 kilograms of hemp biomass.

    • GlobeNewswire

      Auxly Reports Q2 2019 Financial Results and Subsequent Financing Activities of Over $200 Million

      VANCOUVER, British Columbia, Aug. 16, 2019 -- Auxly Cannabis Group Inc. (TSX.V - XLY) (OTCQX: CBWTF) ("Auxly" or the "Company") today released its financial results for the.

    • GlobeNewswire

      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, expects to receive debt financing in the aggregate amount of approximately $84 million. 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 Facility”). Sunens is a fully automated, purpose-built greenhouse for cannabis cultivation currently under construction in Leamington, Ontario.