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Auxly Cannabis Group ( (TSE:XLY) ) has issued an update.
Auxly Cannabis Group Inc. has announced two significant agreements aimed at strengthening its financial position. The company has entered into a non-binding agreement to amend its existing credit facility with the Bank of Montreal, which will enhance liquidity and provide flexibility for growth initiatives. Additionally, Auxly has reached an exchange agreement with Imperial Brands to settle over $21 million of debt through equity instruments, thereby improving its capital structure and financial stability.
Spark’s Take on TSE:XLY Stock
According to Spark, TipRanks’ AI Analyst, TSE:XLY is a Neutral.
Auxly Cannabis Group’s strong revenue growth and improved leverage management are significant positives. The stock’s undervaluation adds to its attractiveness, though ongoing net losses and absence of dividends are concerns. The company’s robust corporate events further boost its overall appeal.
To see Spark’s full report on TSE:XLY stock, click here.
More about Auxly Cannabis Group
Auxly Cannabis Group Inc. is a leading consumer packaged goods company in the cannabis products market.
Average Trading Volume: 399,224
Technical Sentiment Signal: Buy
Current Market Cap: C$112M
Find detailed analytics on XLY stock on TipRanks’ Stock Analysis page.