Auxly Cannabis Group (TSE:XLY) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Auxly Cannabis Group reported a record-breaking third quarter in 2024, with net revenues hitting an all-time high of $33.3 million, an 18% increase year-over-year. The company also achieved a significant milestone with a 60% quarterly rise in adjusted EBITDA, reaching $8.3 million. Auxly’s strategic focus on key products like dried flower, pre-rolls, and vapes has bolstered its market position, showcasing strong national sales growth.
For further insights into TSE:XLY stock, check out TipRanks’ Stock Analysis page.