Auxly Posts Q2 Results, Sees YoY Revenue Spike Of 200%

Auxly Cannabis Group Inc. (OTCQX: CBWTFreported Friday earnings report for the second quarter and the first half of 2020. 

The Toronto-based company reported total revenues of $8.6 million, up by 200% year-over-year. The amount includes $6.8 million of cannabis net revenues and $1.8 million of research revenues from KGK.

“We are excited to have another successful quarter of cannabis sales behind us,” said Auxly CEO Hugo Alves, adding they are executing their business strategy while being “committed to doing so with the highest degree of fiscal discipline.”

Earnings Breakdown

  • Net loss doubled over …

Full story available on Benzinga.com

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