Auxly Cannabis Group (TSE:XLY) has released an update.
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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.
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