Auxly

Auxly released its Q2 2024 financial results this morning, continuing to deliver unprecedented success and growth for the Company and establish new benchmarks across key metrics of revenue, margin and adjusted EBITDA. Highlights include: Net Revenues of $29.2M, a 33% increase year-over-year; An all-time record Gross Margin on Finished Cannabis Inventory Sold of 41%; Improved adj. EBITDA by over 580% compared to Q2 2023 reporting an all-time record of $5.2M; Continued leadership in the all-in-one vape category with over 32% total market share in the category; and Secured two of the top five pre-roll SKU positions in national sales. Our CEO, Hugo Alves, also issued our inaugural letter to shareholders outlining our achievements in more detail, to read a copy and for more info on the quarter visit Auxly.com.

We're hiring!! Are you ready to join a dynamic team in the thriving cannabis industry? We are looking for a Payroll Specialist to oversee payroll and benefits administration for our three Auxly sites. Our office is located just outside of Leamington, Ontario. Read more here: https://lnkd.in/e7EmD2Mh

Auxly is proud to announce its sponsorship of the Retail Cannabis Council of Ontario’s 3rd Annual Cannabis Retailer Conference on June 6, 2024. This gathering unites the retail community for a comprehensive day of industry insights, dialogue, partnership, and networking. Attendees will also have the chance to engage in round table discussions with prominent regulatory stakeholders and industry experts. For further details, please visit: https://lnkd.in/ddqpKU-R 

Auxly reports record Q1 2024 financial results. Highlights include: Achieved its best Q1 across key metrics of revenue, margin and adj. EBITDA; $25.2M in net revenue; Record gross margins for a Q1 period of 38%, and; Improved adj. EBITDA by 1,522% YoY. For more info visit Auxly.com

Auxly is thrilled to announce the completion of conversion of over $123 million under the Imperial Brands debenture. For more information, please visit Auxly.com #thisisauxly

Auxly reports its Q4 and year-end 2023 earnings. Highlights include: Achieving record net revenues of $101.1M; Securing industry leading gross margins of 34% in 2023 and 40% in Q4 2023; Reaching positive adjusted EBITDA of $1.5M, and; Maintaining its prominent position in Canadian cannabis recreational sales, exiting the year in the top 5 LP position with continued leadership and expansion in vapes, pre-rolls and dried flower. For more info, visit Auxly.com. 

Auxly’s CEO, Hugo Alves, was appointed Chair of the Cannabis Industry Forum. This Forum was created by the Canadian government in an effort to support discussions with federal officials and industry participants, as they work towards fostering economic growth and long-term stability of the Canadian cannabis industry.   

Auxly's CEO, Hugo Alves, recently presented at the BioNetworking Session hosted by the Prince Edward Island BioAlliance, sharing some of the incredible work our team has done in developing industry leading innovations and capabilities. #thisisauxly