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Benzinga
Benzinga
Business
Nina Zdinjak

Auxly Q4 Cannabis Revenue Grows 20% QoQ To $23.4M

Auxly

Auxly Cannabis Group Inc. (TSX ‐ XLY) (OTCQX:CBWTF) released Thursday its fourth quarter and full year 2021 financial results with quarterly net cannabis revenue of CA$29.3 million ($23.4 million), up by 20% from the previous quarter.

Q4 Financial Highlights

  • Net loss amounted to CA$18.38 million, comapred to net loss of CA$26.01 million in the same period year ago;
  • Adjusted EBITDA came in negative CA$6.04 million, which comapres to adjusted EBITDA loss of CA$4.63 million in the same quarter of 2020;
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