AUXLY ANNOUNCES NON-BINDING TERM SHEET TO EXTEND AUXLY LEAMINGTON CREDIT FACILITY FOR UP TO 3 YEARS AND THIRD INTERIM EXTENSION

January 3, 2024

TORONTO, Jan. 3, 2024 /PRNewswire/ – Auxly Cannabis Group Inc. (TSX:XLY) (OTCQB: CBWTF) (“Auxly” or the “Company“), a leading consumer packaged goods company in the cannabis products market, today announced that it has signed a non-binding term sheet to amend and restate the credit facility (the “Credit Facility“) between its wholly-owned subsidiary Auxly Leamington Inc. and a syndicate of lenders, led by the Bank of Montreal as administrative agent upon the following revised terms:

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