Auxly Receives $4.1M on Sale Of Auxly Annapolis Outdoor Facility

Auxly Cannabis Group Inc. (TSX:XLY) ("Auxly" or the "Company"), a leading consumer packaged goods company in the cannabis products market, announced today that the Company has closed the sale of its

Auxly Cannabis Group Inc. (TSX:XLY) (“Auxly” or the “Company“), a leading consumer packaged goods company in the cannabis products market, announced today that the Company has closed the sale of its Auxly Annapolis OG Inc. outdoor cultivation facility located in Hortonville, Nova Scotia to a private purchaser for total proceeds to the Company of $4.1 million. As previously announced by the Company, Auxly closed both its cultivation facilities located in Nova Scotia in February 2022 and sold its Auxly Annapolis indoor cultivation facility in July 2022 for total proceeds to the Company of $6 million. The Company intends to apply the proceeds from both sales to support Auxly’s ongoing operations.

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