Auxly Cannabis Group stock: $6 million sale adds cash for operations
Published on 11/08/2026 at 14:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAuxly strengthens its operating cash position
- Auxly closed the sale of its former Annapolis indoor cultivation facility in Nova Scotia to a private purchaser.
- The company plans to use the proceeds to support ongoing operations and strategic objectives.
Auxly Cannabis Group has closed the sale of its former indoor cultivation facility in Kentville, Nova Scotia, for total proceeds of 6 million Canadian dollars. The transaction was reported by MMJ Daily on Friday, November 6, 2026.
The buyer is a private purchaser. The facility, operated through Auxly Annapolis Inc., had been inactive since the company ceased cultivation operations there in February 2022. Auxly said it intends to apply the proceeds to its ongoing operations.
Cash supports ongoing operations
Chief Executive Officer Hugo Alves described the sale as a way to monetize a non-core asset and strengthen the company's cash position without issuing new shares. The proceeds give Auxly additional capital to support its strategic objectives, according to the company.
Auxly Cannabis Group stock traded at 2.28 euros on Lang & Schwarz at 13:04 CET on Saturday, November 7. Investors can follow the real-time quote of Auxly Cannabis Group stock.
Auxly Cannabis Group stock at a glance
- Company: Auxly Cannabis Group Inc.
- ISIN: CA05335P7039
- Ticker: XLY
- Listing: Toronto
- Lang & Schwarz quote: 2.28 euros on November 7, 2026, at 13:04 CET
- Facility-sale proceeds: 6 million Canadian dollars
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