Auxly Cannabis Group Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported revenue was CAD 29.18 million compared to CAD 21.99 million a year ago. Net income was CAD 2 million compared to net loss of CAD 12.86 million a year ago. For the six months, revenue was CAD 54.42 million compared to CAD 45.96 million a year ago. Net loss was CAD 24.01 million compared to CAD 23.11 million a year ago. Basic loss per share from continuing operations was CAD 0.02 compared to CAD 0.02 a year ago. Diluted loss per share from continuing operations was CAD 0.02 compared to CAD 0.02 a year ago.
Auxly is a Canada-based medical cannabis company that produces and sells marijuana products including edibles, capsules, vaporizers and oil extracts for the commercial market.