Auxly Cannabis Co Sets Q2 Record In Revenue Following 33% YoY Increase, Reports Best Quarter In History
Portfolio Pulse from Jelena Martinovic
Auxly Cannabis Group Inc. reported record Q2 2024 financial results with a 33% YoY revenue increase, achieving CA$29.2 million in net revenues. The company also saw significant improvements in gross margin and adjusted EBITDA, and a net income of CA$2 million compared to a net loss in the previous year.
August 15, 2024 | 2:47 pm
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Auxly Cannabis Group Inc. reported record Q2 2024 financial results with a 33% YoY revenue increase, achieving CA$29.2 million in net revenues. The company also saw significant improvements in gross margin and adjusted EBITDA, and a net income of CA$2 million compared to a net loss in the previous year.
The record financial performance, including a significant YoY revenue increase and improvements in gross margin and adjusted EBITDA, is likely to positively impact the stock price of CBWTF in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100