AUXLY CANNABIS GRP INC - CBWTF STOCK NEWS

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.

Auxly Cannabis Group reported its Q3 2022 financial results, showing total net revenues of $19.8 million, a 19% decrease from the same quarter last year. Year-to-date revenues increased by 28% to $69.8 million. The company recorded a net loss of $60.1 million for Q3, compared to $13.5 million in Q3 2021. Adjusted EBITDA improved to negative $5.8 million, a 5% improvement year-over-year. Auxly continues to expand its product offerings and ranks among the top 10 licensed producers in Canada, focusing on cost control and operational efficiencies.

Auxly Cannabis Group Inc. (OTCQX: CBWTF) announced plans to report its earnings for Q3 2022, which ended on September 30, 2022, on November 14, 2022, before the market opens. The company will also hold a conference call on the same day at 10:00 a.m. EST to discuss the results. Auxly focuses on developing and distributing cannabis products for wellness and recreational consumers, emphasizing quality and safety in its offerings.

Auxly Cannabis Group released its financial results for Q2 2022, reporting net revenues of $27.3 million, a 31% increase year-over-year. The net loss was reported at $14.3 million, translating to a loss of $0.02 per share. Despite the losses, Adjusted EBITDA improved by 37% from the previous quarter to negative $4.0 million. The company maintained its top position in Cannabis 2.0 sales, launching 27 new SKUs in the first half of the year. Proceeds from asset sales reached $10.1 million, strengthening the balance sheet, while total assets declined by 9% to $409.9 million.

Auxly Cannabis Group has completed the sale of its Auxly Annapolis OG Inc. outdoor cultivation facility in Nova Scotia for $4.1 million. This sale contributes to a total of $10.1 million received from the sale of its cultivation assets in Nova Scotia. CEO Hugo Alves highlighted the strengthening of the company's cash position and its commitment to achieving Adjusted EBITDA profitability in 2022. The proceeds from these sales will support ongoing operations as the company seeks to reduce costs and streamline operations.

Auxly Cannabis Group Inc. (OTCQX: CBWTF) announced it will report its second-quarter earnings for 2022 on August 15, 2022, prior to market opening. The results will cover the period ended June 30, 2022. Auxly will also host a teleconference at 10:00 a.m. EST on the same day to discuss these results. Interested parties can access the audio webcast and participate by dialing in at least 10 minutes prior to the call. The company aims to provide quality cannabis products to wellness and recreational consumers.