Auxly Reports 2025 First Quarter Results
TORONTO, Ontario, May 15, 2025 – Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) (“Auxly” or the “Company“) a leading consumer packaged goods company in the cannabis products market, today released its financial results for the three months ended March 31, 2025. These filings and additional information regarding Auxly are available for review on SEDAR at www.sedar.com.
Financial highlights for the first quarter ended March 31, 2025:
• Net revenues of $32.7 million, an increase of 29% compared to the same period in 2024.
• Gross Margin on Finished Cannabis Inventory Sold1 of 48%, an increase of 1,000 bps or 26%, compared to the same period in 2024.
• SG&A of $9.7 million, an increase of 12% compared to the same period in 2024.
• Adjusted EBITDA1 of $7.4 million, or 23% of net revenue, an increase of 232% compared to the same period in 2024.
• Cash flow from operations of $2.0 million and cash at quarter end totalled $17.1 million.
• Reduced debt1 by another 5% from the end of 2024.
Commercial highlights for the first quarter ended March 31, 2025:
• #4 largest Canadian Licensed Producer with market share of 5.8% at quarter end2.
• Back Forty exited the quarter as the #1 cannabis brand in Canada.
• Launched new cultivar Chemzilla in Ontario which rose to become the #1 SKU in the 14g flower category, reinforcing the strength of the Back Forty brand.
• Maintained a leadership position in the competitive vapour category, holding ten of the top fifteen all-in-one SKU positions nationally.
• Back Forty remained the #1 non-infused pre-roll brand in Ontario, supported by the launch of high THC cultivars Lemon Diesel and Pine Tar Kush.