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Although 2021 has been a mixed year for the cannabis sector from a performance standpoint, the year has been highlighted by a wave of mergers and acquisitions (M&A).  We are favorable on this trend and believe that companies which are completing strategic and accretive acquisitions are better positioned to capitalize…

Earnings season has kicked into high-gear for the cannabis industry and the recent trend has been to the upside.  Today, we want to highlight 3 mid-tier Canadian Licensed Producers (LPs) after their respective earnings report and believe our readers should be aware of these opportunities.  Auxly Cannabis: Leading Canada’s Cannabis…

Last week, we highlighted a few large-scale Canadian Licensed Producers (LPs) that were getting ready to report quarterly financial results as earnings season is starting to kick into high gear for the cannabis industry.  This week, we want to issue an update on three mid-tier or craft Canadian LPs that…

During the last year, there has been a substantial increase in the amount of cannabis 2.0 products that are available for sale in Canada.  The growth of this vertical has served as a catalyst for many Canadian Licensed Producers (LPs), retail outlets, and brands. Going forward, we expect the cannabis…

Earlier this week, Auxly Cannabis Group Inc. (XLY.V) (CBWTF) released second quarter financial results and reported impressive growth on a quarter-over-quarter and a year-over-year basis. The Canadian cannabis producer has been highly focused on Canada’s recreational market and generated more than $20 million of revenue in the second quarter. This…

Auxly Cannabis Group Inc. (TSX - XLY) (OTCQX: CBWTF) 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 and investor rights agreement dated September 25, 2019 with its strategic partner,…

Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) is pleased to announce that it has entered into an agreement pursuant to which ATB Capital Markets Inc., as sole bookrunner, and Cantor Fitzgerald Canada Corporation, acting as co-lead underwriters of the Offering, together with a syndicate of underwriters, will purchase 47,620,000…

Auxly Cannabis Group Inc. (TSX - XLY) (OTCQX: CBWTF) today released its financial results for the three months ended March 31, 2021. These filings and additional information regarding Auxly are available for review on SEDAR at www.sedar.com. Q1 2021 Highlights and Subsequent Events Recorded net revenues of $10M for the…

The cannabis sector is in the middle of earnings season and the results have been less than optimal so far.  Earlier this month, Aurora Cannabis Inc. (ACB: TSX) (ACB: NYSE) traded lower after it reported third quarter financial results that missed expectations. After reporting earnings, several broker-dealers downgraded the stock…

Last week, Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) strengthened its balance sheet and closed an $8 million private placement offering of units to an institutional investor. The Canadian cannabis company plans to use the proceeds for working capital and general corporate purposes. We believe the timing of the…