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Auxly Announces Cultivation Optimization Plan and Related Cost Savings Initiatives

Auxly Announces Cultivation Optimization Plan and Related Cost Savings Initiatives

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TORONTO, Feb. 07, 2022 (GLOBE NEWSWIRE) — 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 its Robinsons cultivation facilities located in Kentville and Hortonville, Nova Scotia, as the Company continues to focus its efforts on streamlining and simplifying its cultivation platform, reducing costs and achieving its goal of becoming adjusted EBITDA positive by the first half of this year.

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