Welcome to our dedicated page for Auxly Cannabis news (Ticker: CBWTF), a resource for investors and traders seeking the latest updates and insights on Auxly Cannabis stock.
Auxly Cannabis Group Inc. (CBWTF) is a leading Canadian cannabis producer focused on premium consumer packaged goods, from dried flower to innovative vape systems. This news hub provides investors and industry observers with verified updates on corporate developments, financial results, and market strategies.
Access timely announcements including quarterly earnings reports, production facility expansions, and new product launches. Our curated collection features official press releases alongside third-party analysis of Auxly's operational milestones in Canada's regulated cannabis market.
Key coverage areas include cultivation efficiency improvements at the Leamington facility, distribution partnerships, and regulatory compliance updates. Stay informed about Auxly's consumer-focused innovation strategy and financial positioning through primary source documents and expert commentary.
Bookmark this page for streamlined access to Auxly's evolving story in the competitive cannabis CPG sector. Check regularly for updates on operational metrics, leadership changes, and product portfolio developments that shape the company's market trajectory.
Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) has announced it will release its Q1 2025 financial results on Thursday, May 15, 2025, before market open. The company has stated it will not hold an earnings conference call and does not plan to reinstate earnings calls in the near future. Investors are directed to send their inquiries to IR@auxly.com.
Auxly Cannabis Group (CBWTF) reported strong financial results for Q4 and full year 2024, achieving record sales and profitability. Net revenue reached $122.3 million for the year, up 21% from 2023, with Q4 revenue of $34.6 million, increasing 29% year-over-year.
Key financial highlights include improved gross margins on finished cannabis inventory (54% in Q4 2024 vs 40% in 2023), reduced SG&A expenses by 8% to $35.7 million, and Adjusted EBITDA of $26.7 million (22% of net revenue). The company significantly strengthened its balance sheet by reducing total debt by 56% through conversion of over $123 million into shares.
Notable operational achievements include:
- Back Forty becoming the #1 cannabis brand in Canada by end of 2024
- 4th largest Canadian Licensed Producer with 6.0% market share
- Leading position in non-infused pre-roll category
- Back Forty all-in-one vape winning 'Innovation of the Year' at 2024 KIND awards
Auxly Cannabis Group (TSX: XLY) (OTCQB: CBWTF) has announced it will release its Q4 and full-year 2024 financial results on March 20, 2025, before market open. The company has stated it will not hold an earnings conference call and does not plan to reinstate earnings calls until further notice. Investors are directed to send inquiries to IR@auxly.com.
Auxly Cannabis Group (OTCQB: CBWTF) reported record-breaking Q3 2024 financial results with net revenues of $33.3 million, up 18% year-over-year. The company achieved a gross margin of 47% and record adjusted EBITDA of $8.3 million. Net income was $3.2 million with operating cash flow of $12.9 million. The company reduced its debt by 54% compared to end of 2023. Auxly moved to #4 position in national recreational sales, leading the all-in-one vape category with 36% market share. Back Forty's Liquid Imagination became the #1 selling flower nationally, while pre-roll sales increased 19% quarter-over-quarter.
Auxly Cannabis Group (TSX: XLY) (OTCQB: CBWTF) has announced it will release its third quarter 2024 financial results on Friday, November 8, 2024, before market open. The results will cover the period ended September 30, 2024. The company has directed all investor inquiries to IR@auxly.com.
Auxly Cannabis Group reported record revenue and profitability for Q2 2024. Net revenues reached $29.2 million, a 33% increase year-over-year and a 16% rise from the previous quarter. Gross Margin on Finished Cannabis Inventory Sold hit an all-time high of 41%, a 14% improvement year-over-year. Adjusted EBITDA surged by over 580% to $5.2 million. SG&A expenses were slightly reduced by $0.2 million compared to the same period in 2023, net of restructuring costs. Net income stood at $2.0 million, with positive cash flow from operations of $2.9 million. The company reported a 48% reduction in debt compared to the end of 2023. Auxly maintained its market leadership in the all-in-one vape category, securing over 32% of the total market share. The Back Forty brand continued to dominate with the top four all-in-one vape SKUs and achieved strong performance in dried flower and pre-rolls. Despite the gains, Auxly reported a net loss of $24.0 million for the six months ended June 30, 2024, including deferred tax expenses.
Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) has announced that it will release its second quarter 2024 financial results on Thursday, August 15, 2024, before the financial markets open. The report will cover the period ended June 30, 2024. This announcement serves as a notice to investors and analysts who are interested in the company's financial performance. Auxly has directed all investor inquiries to be sent to IR@auxly.com. The announcement was made by CEO Hugo Alves on behalf of the board.
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