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An announcement from Auxly Cannabis Group ( (TSE:XLY) ) is now available.
Auxly Cannabis Group has successfully completed two significant financial transactions, including amending its credit facility with the Bank of Montreal and settling its debts with Imperial Brands. These moves have eliminated $21 million in debt, reduced annual debt service obligations by $700,000, and provided access to a new $10 million revolving facility, enhancing the company’s financial stability and growth potential.
Spark’s Take on TSE:XLY Stock
According to Spark, TipRanks’ AI Analyst, TSE:XLY is a Neutral.
Auxly Cannabis Group’s score is bolstered by positive financial performance and strong technical indicators. Despite profitability challenges, strategic moves to strengthen financial position and undervaluation enhance the outlook. Overbought technical conditions could pose short-term risks.
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, focusing on providing trusted and loved brands and products in the Canadian cannabis market and beyond.
Average Trading Volume: 470,622
Technical Sentiment Signal: Buy
Current Market Cap: C$178M
Learn more about XLY stock on TipRanks’ Stock Analysis page.