Auxly Cannabis Co.: Q3 Net Revenue Climbs 18% YoY, Adjusted EBITDA Soars

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 record-breaking quarter of financial results, highlighted by an 18% year-over-year increase in net revenue and record adjusted EBITDA of $8.3 million," said Hugo Alves, the company's CEO.

Q3 2024 Financial Highlights

• Net revenue totaled CA$33.3 million ($24 million), compared to CA$28.2 million in the prior year's period, representing an increase of 18%.
• Gross profit was CA$17.1 million, up from CA$4.6 million in the prior year's quarter.
• Total expenses amounted to CA$14.1 million, down from CA$19.1 million in the same period of last fiscal year.
• Net income amounted ...

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