During the conference call, the management team highlighted the risk of price compression in Canada and this comment put additional pressure on Canadian cannabis producers.
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 significantly strengthened its balance sheet and this is an important development.
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.