(SeaPRwire) –   TORONTO, April 14, 2026 – Auxly Cannabis Group Inc. (“Auxly” or the “Company“) (TSX: XLY) (OTCQB: CBWTF) announces that it has received acceptance from the Toronto Stock Exchange (the “TSX“) for its notice of intention to commence a normal course issuer bid (the “NCIB“).

Pursuant to the NCIB, the Company is authorized to buy back for cancellation, on the open market, up to 68.9 million of its common shares (the “Common Shares“). This represents under 5% of the Common Shares issued and outstanding as of April 7, 2026. The purchase period is set to begin on April 20, 2026, and will conclude on the earlier of April 19, 2027, or when the buyback is complete, all in accordance with TSX policies.

The Company’s management is of the view that the market price of its Common Shares may periodically fail to reflect the fundamental value and future potential of the business. In such instances, investing in its own shares is considered a prudent allocation of capital and a measure expected to increase value for all shareholders.

Subject to TSX rules, daily buybacks on the exchange will be capped at 206,920 Common Shares, excluding block purchases. This limit is derived from the average daily trading volume of 827,683 Common Shares for the six-month period ending March 31, 2026. Management will decide the specific quantity and timing of all repurchases under the NCIB, in compliance with relevant laws and TSX regulations.

Repurchases will be executed at current market prices via the TSX and/or other permitted Canadian trading platforms. The Company will use existing cash reserves to fund the NCIB, and all shares bought back will be cancelled.

On April 7, 2026, the Company had 1,405,038,794 Common Shares issued and outstanding, with a “public float” (as defined by TSX rules) of 1,053,217,980 Common Shares.

Furthermore, the Company has established an automatic share purchase plan (an “ASPP“) with an appointed broker. This plan facilitates the acquisition of shares under the NCIB during periods when the Company would otherwise be prohibited from buying, such as regulatory blackout periods or internally imposed trading restrictions.

About Auxly Cannabis Group Inc. (TSX: XLY)

Auxly is a top Canadian consumer packaged goods company operating in the cannabis sector, with its head office in Toronto. The company’s purpose is to enhance consumer well-being by providing trusted, high-quality cannabis products. Auxly aims to be the premier provider of branded cannabis items, upholding its commitment to quality, safety, and effectiveness for consumers.

Learn more at www.auxly.com and stay up to date at Twitter: @AuxlyGroup; Instagram: @auxlygroup; Facebook: @auxlygroup; LinkedIn: company/auxlygroup/.

Notice Regarding Forward Looking Information:

This news release includes “forward‐looking information” as defined under Canadian securities legislation. Such information is often identified by terms like “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed”, or similar wording suggesting future events or conditions. This information is speculative. The forward‐looking information presented is based on several assumptions. In this release, it pertains to the Company’s planned share buybacks under the NCIB and the expected advantages of the program. These statements involve significant risks and uncertainties, such as the possibility that the intended benefits of the NCIB might not materialize. Readers should note that this list of risks is not complete. While the Company considers the assumptions behind these forward-looking statements reasonable, it cannot guarantee that actual outcomes will align with the projections. Assumptions made by the Company include its ability to realize the NCIB’s benefits. These statements are current as of this press release’s date. Unless mandated by law, the Company disclaims any obligation to update or revise any forward‐looking information to account for new events or circumstances, or unexpected developments, regardless of cause.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Auxly Cannabis Group Inc.