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 (TSX: XLY, OTCQB: CBWTF) announced the results of its annual general and special meeting of shareholders held on June 28, 2024. Over 407 million shares, representing 32.55% of the outstanding common shares, were voted. All proposals presented were approved, including the re-appointment of Ernst & Young LLP as auditors and the re-approval of the 2021 Equity Incentive Plan, which passed with 86.21% of the votes. Directors Genevieve Young, Hugo Alves, Troy Grant, Vikram Bawa, and Conrad Tate were re-elected. The Share Consolidation Resolution was removed from the agenda. Detailed voting results are available on SEDAR.
Auxly Cannabis Group announced its Annual General Meeting of Shareholders on June 28, 2024, at 10:00 a.m. EST, at McCarthy Tétrault LLP, Toronto. Due to seating, shareholders must pre-register by emailing IR@auxly.com at least 48 hours before the meeting. An audio teleconference will be available for real-time listening. Shareholders are encouraged to vote in advance as teleconference participants cannot vote or otherwise participate in the meeting. Additional meeting details are in the Management Information Circular, accessible on SEDAR+ and the company's website.
Auxly Cannabis Group Inc. reported record financial results for Q1 2024 with net revenues of $25.2 million, a 5% increase from the same period in 2023. The company achieved a gross margin of 38% and an adjusted EBITDA of $2.2 million, a 1,523% improvement year-over-year. Auxly reduced SG&A costs by 11% and strengthened its balance sheet through debt conversion. The company maintained its top 10 LP position in Canada and continued to lead in the vapor category and pre-roll market. Additionally, Auxly expanded product offerings to Quebec and introduced new 0.75g pre-rolls.
Auxly Cannabis Group Inc. (CBWTF) will release its first-quarter 2024 financial results on May 13, 2024. The report will cover earnings for the period ending on March 31, 2024. Investors can expect the release before the markets open, with inquiries directed to IR@auxly.com.
Auxly Cannabis Group Inc. expands into Quebec, launching new pre-roll and vape products, including Back Forty slim style pre-rolls and innovative vape hardware. The company introduces Liquid Imagination cultivar and new flavour profiles like White Freeze and Kolab Project. Auxly aims to capture the Quebec market, strengthen national presence, and cater to evolving consumer needs.
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