Cannabis company Auxly Cannabis Group Inc. XLY CBWTF reported Monday it has raised $20 million.
The company completed its bought deal short form prospectus offering, under which it has issued 54.4 million units, with a price of 37 cents per unit, including the full exercise of the over-allotment option.
Each unit consisted of one share and one half of one share purchase warrant, with each warrant enabling the holder thereof to buy one share at a price of 46 cents in the following 36 months from the closing of the offering.
The Toronto-based company noted that the offering was co-led by ATB Capital Markets Inc. and Cantor Fitzgerald Canada Corp., which acted as co-lead underwriters and joint bookrunners.
Auxly plans to use the collected net proceeds for working capital and other purposes.
Courtesy image
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving—don’t get left behind!
Curious about what’s next for the industry and how to stay ahead in today’s competitive market?
Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.
Secure your spot now before prices go up—this is where the biggest deals and connections happen!
