-- Auxly Cannabis Group (XLY.TO) on Tuesday said that the Toronto Stock Exchange accepted the company's notice of intention to make a normal course bid (NCIB).
The company said it is permitted to buy back for cancellation, on the open market, during the period starting April 20, 2026, and ending on the earlier of April 19, 2027, and the completion of purchases under the NCIB, up to 68.9 million common shares of the company, representing less than 5% of its issued and outstanding common shares as of April 7, subject to the policies of the TSX.
Auxly, as of April 7, had 1.41 billion issued and outstanding common shares and a "public float" of 1.05 billion common shares. It has also entered into an automatic share purchase plan with a designated broker to allow for the purchase of common shares under the NCIB at times when the company would ordinarily not be permitted to purchase shares due to regulatory restrictions or self-imposed blackout periods.
Shares of the company edged down $0.005 or 4% to $0.12 on Monday on the TSX.