Auxly Cannabis Group Inc’s (TSXV: XLY) Q3 2020 Net Revenue Surges 85% QoQ

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Auxly Cannabis Group Inc’s (TSXV: XLY) Q3 2020 Net Revenue Surges 85% QoQ

 

  • Auxly Cannabis Group Inc’s total net revenue stood at C$ 13.4 million in third quarter of 2020, which included cannabis net revenue of C$ 12.6 million.
  • Its Selling, General and Administrative expenses dropped to C$ 11.4 million in Q3 2020, while its adjusted EBITDA improved to a loss of C$ 6.8 million.
  • The company’s cash and cash equivalents amounted to C$ 13.5 million as of the end of 30 September 2020.
  • Auxly Cannabis Group also incurred a loss of C$ 17.8 million in the third quarter ending 30 September 2020.

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