When compared to the same period last year, revenue has spiked higher, and we attribute the growth to Auxly’s cannabis 2.0 business.
When compared to 2019, revenues increased by more than 500% and we will monitor how revenue numbers grow from here.
During the last year, Auxly has been highly focused on improving its balance sheet and the management has executed on this.
Auxly’s cannabis 1.0 product category was led by Kolab Project flower and pre‐rolls and Robinsons dried flower and we will monitor how the business evolves this year.
Another important development from Auxly’s quarter earnings report is related to cost cutting initiatives.
All information that we provide is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities.