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 reported financial results for the year ending December 31, 2022, with total net revenues reaching $94.4 million, a 13% increase from 2021. The company achieved an adjusted EBITDA of negative $16.9 million, improving by $4.8 million year-over-year. Despite a net loss of $130.3 million, management highlighted progress in margins and strategic product focus, especially in dried flower and pre-roll categories. Total assets decreased to $331.8 million, with debt rising slightly to $174.5 million.
Auxly retained its position as the #1 licensed producer for Cannabis 2.0 products in Canada while adapting to market challenges.
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