Streetbeat News

CBWTF

Auxly Cannabis Group Inc.

https://www.auxly.com/

Industry

Commodity Contracts Dealing

Open

0.03

Mkt cap

45M

Volume

141K

High

0.04

P/E Ratio

-1.17

52-wk high

0.06

Low

0.03

Div yield

N/A

52-wk low

0.01

Marijuana stocks experienced significant movements on March 29, 2024, with notable gainers including GreenGro Technologies, CordovaCann, and Corbus Pharmaceuticals, among others. Losers for the day included Urban-gro, Auxly Cannabis Group, and Canopy Growth. The movements reflect the volatile nature of the marijuana stock market.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 8:30 pm

The article reports significant movements in cannabis stocks on March 28, 2024, listing both gainers and losers. Encompass Health (EHC) and Eastside Distilling (EAST) were among the gainers, while Urban-gro (UGRO), 22nd Century Group (XXII), Canopy Growth (CGC), Aurora Cannabis (ACB), GrowGeneration (GRWG), SNDL Inc. (SNDL), OrganiGram Holdings (OGI), and Village Farms International (VFF) were notable losers.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 8:30 pm

Cannabis stocks experienced significant movements on March 26, 2024, with notable gainers including Auxly Cannabis Group, Village Farms Intl, and Canopy Growth, among others. Losers of the day included Beleave, Elixinol Wellness, and SOL Global Investments. The movements reflect the volatile nature of the cannabis market.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 9:30 pm

A recent report highlights the potential for Canadian cannabis companies' valuations to soar by up to 300% with proposed excise tax reforms. The Canadian government is considering revising the 2018 excise tax framework, which currently imposes a 30-40% tax rate on companies' domestic gross revenues, significantly higher than the intended 10%. Analyst Pablo Zuanic's report suggests that reducing the tax rate to 10% could alleviate financial strains on companies like Ayurcann, Decibel, and Village Farms, potentially doubling or even tripling their valuations. The report will be further discussed at the Benzinga Cannabis Capital Conference.

Portfolio Pulse from Nicolás Jose Rodriguez

March 26, 2024 | 1:36 pm

Cannabis stocks experienced significant movements on March 25, 2024, with notable gainers including Beleave, Green Growth Brands, and Auxly Cannabis Group, while losers comprised Global Hemp Group, Elixinol Wellness, and SOL Global Investments. Major US-listed companies like GrowGeneration, Canopy Growth, Aurora Cannabis, OrganiGram Holdings, Greenlane Holdings, Tilray Brands, Cara Therapeutics, and Cronos Group also saw varied stock price changes.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 9:30 pm

Auxly Cannabis Group Inc. (OTCQB:CBWTF) reported a record net revenue of $74.3 million for 2023, a 7% increase from 2022, alongside a reduction in net loss and an increase in gross profit. The company achieved a positive adjusted EBITDA for both Q4 2023 and the full year, marking significant financial improvements. CEO Hugo Alves highlighted 2023 as a pivotal year, emphasizing cost savings, industry-leading margins, and a focus on sustainable, profitable growth for 2024.

Portfolio Pulse from Jelena Martinovic

March 25, 2024 | 4:04 pm

The cannabis sector experienced mixed movements on March 21, 2024, with several companies showing significant gains while others faced steep declines. Notable gainers included Rocky Mountain High, CLS Holdings USA, and Trulieve Cannabis, with increases of 40.20%, 9.89%, and 7.96% respectively. On the downside, AusCann Group Holdings and Elixinol Wellness saw dramatic drops of 71.63% and 70.75%. The volatility reflects bearish sentiment across the cannabis space.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 9:30 pm

The cannabis sector experienced significant movement on March 20, 2024, with a majority of stocks showing bullish sentiment. Notable gainers include Elixinol Wellness, Heritage Cannabis Holding, and Canopy Growth, with increases of 312.37%, 70.00%, and 18.28% respectively. Conversely, Eastside Distilling led the losers, declining by 12.75%. This movement reflects a broad positive sentiment in the cannabis space.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:30 pm

Cannabis stocks experienced significant movements on March 15, 2024, with notable gainers including CordovaCann, Global Hemp Group, and Canopy Growth, among others. Conversely, Australis Capital led the losers with a dramatic drop. The movements reflect varying investor sentiments and market dynamics within the cannabis sector.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 9:30 pm

The article reports on significant price movements in the cannabis stock market on March 14, 2024, listing both gainers and losers. Notable gainers include Australis Capital with a 9900.00% increase, while CordovaCann led the losers with a 37.42% decrease. Other companies experienced various degrees of gains and losses, reflecting the volatile nature of the cannabis market.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 9:30 pm

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