AUXLY CANNABIS GRP INC - CBWTF STOCK NEWS

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.

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.