Auxly Reports 20% YoY Revenue Decline, CA$174.2 Million In Debt
Portfolio Pulse from Nina Zdinjak
Auxly Cannabis Group Inc. reported a 20% YoY revenue decline and CA$174.2 million in debt for Q2 2023. The company's quarterly revenue was CA$22.0 million ($16.35 million), down by 8% sequentially. Despite the decline, the company has seen a positive impact from the consolidation of its manufacturing, processing, and distribution activities. The company's shares closed 2.58% lower at $01.043 per share.
August 14, 2023 | 1:14 pm
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NEGATIVE IMPACT
Auxly Cannabis Group reported a 20% YoY revenue decline and CA$174.2 million in debt. The company's shares closed 2.58% lower.
The reported decline in revenue and high debt level could negatively impact investor sentiment, potentially leading to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Auxly Cannabis Group reported a 20% YoY revenue decline and CA$174.2 million in debt. The company's shares closed 2.58% lower.
The reported decline in revenue and high debt level could negatively impact investor sentiment, potentially leading to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100