Auxly Cannabis Group (TSE:XLY) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Auxly Cannabis Group Inc. announced a historical Q2 in 2024, with a 33% increase in net revenues to $29.2 million and a significant improvement in gross margin and adjusted EBITDA, reflecting strong operational performance. The company also reported a 48% reduction in debt and maintained market leadership in all-in-one vape sales, with the Back Forty brand dominating the category.
For further insights into TSE:XLY stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue