Debra BorchardtAugust 14, 2023
If things don't improve, the company will run out of cash.
Tag: Auxly
Debra BorchardtAugust 14, 2023Debra BorchardtOctober 31, 2022
Slowing growth though is better than flat sales in the U.S.
Debra BorchardtMay 16, 2022
Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) released its financial results for the three months ended March 31, 2022. Auxly reported net revenues rose 147% to $22.6 million versus $9.2 million during the same period in 2021. Revenues fell sequentially from the fourth quarter’s revenue of $29 million. Auxly admitted it had lower winter yields […]
StaffMarch 31, 2022Auxly Cannabis Group Inc. (TSX ‐ XLY) (OTCQX: CBWTF) released its fourth-quarter and full-year 2021 financial results with revenue rising 20% sequentially to $29.3 million in the quarter. Auxly also reported that the net losses for the fourth quarter were $18.3 million, which rose from the previous quarter’s net loss of $13.5 million. For the […]
StaffAugust 16, 2021
Auxly Cannabis Group Inc. (TSX.V – XLY) (OTCQX: CBWTF) released its financial results for the three ending June 30, 2021, with total revenue of $29.5 million versus last year’s $8.3 million. Auxly’s total net revenues from the sale of adult-use cannabis in Canada were $20.9 million for the quarter, more than double the same period in […]
StaffJuly 7, 2021
Auxly Cannabis Group Inc. (TSX – XLY) (OTCQX: CBWTF) has pushed out the maturity date for its $123 million debenture by 24 months from September 25, 2022 to September 25. The interest payments under the Debenture, accrues at a rate of 4% per year and is payable annually, will remain unchanged but will be payable […]
Debra BorchardtApril 26, 2021
Auxly Cannabis Group Inc. (OTCQX: CBWTF) released its fourth-quarter and full-year 2020 financial results. Auxly reported total revenues for the fourth quarter were $18.8 million versus $3.1 million for the same time period in 2019. Earnings per share were ($0.04) for the quarter versus last year’s ($0.02) for the same time period. All amounts are […]
Debra BorchardtJanuary 21, 2021Auxly Cannabis Group Inc. (OTCQX: CBWTF) has raised $15 million with a deal in which ATB Capital Markets Inc. and Cantor Fitzgerald Canada Corporation, as co-lead underwriters and joint book-runners, together with a syndicate of underwriters will buy 40,550,000 Units of the Company at a price per unit of $0.37. The stock was lately selling […]
Debra BorchardtSeptember 22, 2020
A trip to the grocery store in fall is a trip down pumpkin spice land. Like Cinderella’s carriage, it seems like every product is impossibly turned into pumpkin spice. Thank goodness one cannabis company has opted for maple instead. Foray is a Canadian cannabis brand that is rolling out a line of infused maple candies […]
Debra BorchardtAugust 28, 2020Auxly Cannabis Group Inc. (OTCQX: CBWTF) reported total net revenues of $8.6 million for the second quarter ending June 30, 2020. This was a 200% increase over the same period last year and attributed to $6.8 million of cannabis net revenues and research revenues from KGK of $1.8 million. The net loss at Auxly grew […]
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