Cannabis Roundup: Jushi’s $160M Loan, Auxly’s 24% Growth, Canopy Leadership
CMPS’s weekly sector report details Jushi’s $160M senior secured term loan at 12.5% interest over three years with no shareholder dilution. It also highlights Auxly’s 2025 net revenue jump to $151.5M (+24%) and $41.9M net income turnaround, plus Canopy’s leadership change at Storz & Bickel effective April 1.
1. Jushi Refinances with $160M Term Loan
Jushi Holdings Inc. completed a $160 million senior secured term loan at a 12.5% annual interest rate, replacing its first- and second-lien facilities under one three-year agreement with no dilution to existing shareholders.
2. Auxly Reports 2025 Revenue Surge
Auxly Cannabis delivered net revenue of $151.5 million in 2025, a 24% increase year-over-year, alongside a net income turnaround to $41.9 million, while Q4 saw $40.1 million in revenue and a 31% adjusted EBITDA margin.
3. Canopy Growth Names New Storz & Bickel Director
Effective April 1, David Männer will succeed co-founder Jürgen Bickel as Managing Director of Storz & Bickel, aiming to drive global expansion and innovation at the premium vaporization subsidiary.