Hugo Alves

Cannabis-focused consumer packaged goods company Auxly Cannabis Group Inc. (TSX:XLY) (OTCQB:CBWTF) released its financial results on Friday for the three and nine months ended Sept. 30, 2024. “Our continued focus on efficient revenue growth and enhanced profitability has delivered another...

Auxly Cannabis Group Inc. (TSX:XLY) (OTCQB:CBWTF), a Toronto-based producer of cannabis consumer packaged goods (CPG), announced Monday its financial outcomes for the first quarter ending March 31, 2024. The company announced record-breaking Q1 results, emphasizing significant gains in key...

Auxly Cannabis Group Inc. (TSX:XLY) (OTCQB:CBWTF) reported its financial results Monday for the fourth quarter and full year ended Dec. 31, 2023. The Toronto-based company said it has achieved record net revenues of CA$101.1 million ($74.3 million) in 2023, representing an increase of 7% compared...

Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) announced its third quarter financial results for the three months ended Sept. 30, 2023, revealing net revenues of CA$28.2 million ($20.4 million), up by 42% compared to the same period of last year. Our Q3 results reflect the tireless...

Italy: Regional Court Suspends Decree Prohibiting CBD Sales The Lazio Regional Court suspended a ministerial decree that prohibited the sale of cannabinoid-based products for oral use or ingestion. According to ANSA, the sale of these products is now legally permitted. The news...

Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) released Monday its financial results for the three and six months ended June 30, 2023, revealing quarterly revenue of CA$22.0 million ($16.35 million) down by 8% sequentially and 20% year-over-year. “We have successfully...

Auxly Cannabis Group Inc. (OTCQB: CBWTF) (TSX:XLY) released its financial results for the three months ended March 31, 2023, revealing net revenue of CA$24.0 million in Q1 2023, an increase of 6% compared to CA$22.6 million the same period in 2022. Q1 2023 Highlights Gross profit of CA$7.9...

Auxly Cannabis Group Inc. (TSX:XLY) (OTCQB: CBWTF) 2022 total net revenue was CA$94.4 million, an increase of CA$10.6 million or 13% compared to 2021. FY 2022 Financial Highlights Gross profit of CA$16.5 million in 2022, a decrease of CA$2.8 million as compared to 2021, which includes the...

Third quarter earnings season is slowly wrapping up and analysts are tweaking their ratings accordingly. Cantor Fitzgerald analyst Pablo Zuanic kicked off the week by taking a closer look at two cannabis stocks. Auxly Cannabis Group Inc (OTC: CBWTF) The analyst retained a 'Neutral'...

Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) released on Monday its financial results for the three and nine months that ended Sept. 30, 2022. The Toronto-based company reported a 19% year-over-year drop in total net revenues to CA$19.8 million ($14.9 million) in the third quarter, which was...

Auxly Cannabis Group Inc. (OTCQX: CBWTF) (TSX:XLY) reported its financial results on Monday for the three and six months ended June 30, 2022. The company showed "better-than-expected sales trends and margin improvement," Cantor Fitzgerald's analyst Pablo Zuanic said in his...

Auxly Cannabis Group Inc. (OTCQX: CBWTF) (TSX:XLY) released its financial results for the three and six months ended June 30, 2022, revealing net revenues of $27.3 million, an improvement of 31% compared to $20.9 million during the same period in 2021. Q2 2022 Financial Highlights Gross profit of...

Auxly Cannabis Group Inc. (OTCQX: CBWTF) (TSX:XLY), a leading consumer packaged goods company in the cannabis products market, has closed the sale of its Auxly Annapolis Inc. indoor cultivation facility located in Kentville, Nova Scotia to a private purchaser for total proceeds to the company of $6...

Auxly Cannabis Group Inc. (OTCQX: CBWTF) (ARCA: XLY) released its financial results for the three months ended March 31, 2022, on Monday, reporting net sales of CA$22.6 million ($17.49 million), up by 147% year-over-year. "Amid intense and growing competition and seasonal buying trends in the...

Auxly Cannabis Group Inc. (TSX:XLY) (OTCQ:CBWTF)  released its financial results for the three months ended March 31, 2022, reporting net sales of CA$22.6 million ($17.49 million), up by 147% year-over-year. Net revenues improved as a result of the company's expansion into Cannabis 1.0. Q1...