Auxly Cannabis Announces 14:1 Share Consolidation
Auxly Cannabis Group Inc. is proceeding with a 14:1 share consolidation, which will reduce the number of outstanding shares. Post-consolidation trading on the TSX is expected to commence on July 28, 2026.
TORONTO – Auxly Cannabis Group Inc. announced today it will execute a 14:1 consolidation of its outstanding common shares. The consolidation, approved by shareholders on June 30, aims to improve the company's market quality and align its capital structure. Trading on a post-consolidation basis on the Toronto Stock Exchange (TSX) is expected to begin on or about July 28, 2026.
CEO Hugo Alves stated the consolidation is a strategic move from a position of strength, not a precursor to financing or dilution. He characterized Auxly as one of the fastest-growing and most profitable operators in the Canadian cannabis sector, with strengthening financial results and a solid balance sheet. The company believes it is building for sustained growth in net revenue, profitability, and cash flow generation.
Following the consolidation, Auxly's issued and outstanding common shares will decrease from approximately 1.418 billion to around 101 million. While the total number of shares is reduced, each shareholder's ownership percentage and proportional voting power will remain unchanged, barring minor adjustments for fractional shares. Auxly will not issue fractional post-consolidation shares, with entitlement to fractions being rounded down to the nearest whole number.
Registered shareholders will receive a letter of transmittal from the company's transfer agent with instructions on surrendering old share certificates. Non-registered shareholders should contact their intermediaries for specific procedures. The exercise or conversion prices and the number of shares issuable under the company's convertible securities will be proportionally adjusted.