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. (OTCQB: CBWTF; TSX: XLY) generates frequent news as a Canadian consumer packaged goods company focused on cannabis products. Company updates center on its branded dried flower, pre-roll and vape offerings, its financial performance, and developments in its capital structure.
News items often cover quarterly and interim financial results, where Auxly reports on net revenues, gross margin on finished cannabis inventory sold, adjusted EBITDA and net income. These releases also highlight commercial metrics such as national market share, category leadership in all-in-one vapes and non-infused pre-rolls, and the performance of key brands like Back Forty, Liquid Imagination and Fire Breath.
Auxly’s news flow also includes announcements about strategic and financial transactions. Examples include amendments and extensions to its credit facility with a syndicate of lenders led by the Bank of Montreal, the settlement of amounts owing to Imperial Brands plc through equity and pre-funded warrants, and the repayment of specific inventory loans. The company presents these developments as steps that reduce debt, lower interest expense and strengthen its balance sheet.
Operational and corporate updates can feature product and brand innovations, such as the launch of Back Forty Backpackers pre-rolls and the introduction of the South Point brand, as well as expansion into new provincial markets like Quebec. Governance and shareholder-related items, including annual meeting results and board elections, are also disclosed through news releases.
Investors and observers following CBWTF news can use this page to track Auxly’s earnings reports, capital structure changes, brand and product announcements, and other corporate communications that the company distributes through wire services.
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.
Auxly Cannabis Group Inc. (OTCQB: CBWTF) plans to announce its fourth quarter and full year earnings for 2022 on March 31, 2023, prior to market opening. A conference call will follow on April 3, 2023, at 10:00 a.m. EST. Investors can dial in at 1-888-664-6383 or access an audio webcast at this link. Auxly Cannabis Group, headquartered in Toronto, focuses on developing branded cannabis products. The earnings report will provide insights into the company's financial performance for potential investors.
FAQ
What is the current stock price of Auxly Cannabis (CBWTF)?
What is the market cap of Auxly Cannabis (CBWTF)?
