Auxly Repays $5 Million Inventory Loan

Core Points - Auxly Cannabis Group Inc. has fully repaid its $5 million inventory loan to GrassHopper Capital Inc., resulting in annualized interest expense savings of approximately $900,000 [1][2]. Financial Performance - The company is experiencing profitable growth, allowing it to strategically allocate capital [2]. - Revenue growth and a stable cost base are providing operating leverage, translating to free cash flow [2]. Strategic Focus - The company prioritizes organic growth investments and strengthening its balance sheet in its capital allocation decisions [2]. - Reducing interest expense was a key reason for deploying excess cash towards loan repayment [2]. Company Overview - Auxly is a leading Canadian consumer packaged goods company in the cannabis products market, headquartered in Toronto [3]. - The company's mission is to enhance consumer happiness through quality cannabis products [3].