Auxly Cannabis extends credit facility maturity by one more month

By Marisa Wong

Los Angeles, Nov. 30 – Auxly Cannabis Group Inc.’s wholly owned subsidiary, Auxly Leamington Inc., received a second interim extension of its amended and restated credit facility led by Bank of Montreal as administrative agent until Dec. 31, 2023, according to a press release.

The maturity date had been previously extended to Nov. 30, 2023, as reported in September.

Thursday’s press release reiterated that the company and lenders are working toward a formal credit amendment and longer-term extension.

Auxly is a cannabis company based in Vancouver, B.C.

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