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Auxly's bid for Ayurcann assets not selected but remains backup bidder with $2M financing in place

Company Fundamentals
13 Apr 2026
PRNewsWire
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Auxly Cannabis Group's stalking horse bid for Ayurcann Holdings' assets was not chosen as the winning bid in the court-supervised sale. However, Auxly remains the backup bidder and provided a $2 million debtor-in-possession loan to Ayurcann, secured with a 12% interest rate. If the winning bid fails to close by May 15, 2026, Auxly will acquire the assets at its original bid price. Auxly plans to focus on organic growth and evaluate capital allocation to maximize shareholder value in 2026.

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