Auxly Cannabis Group Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 28.21 million compared to CAD 19.83 million a year ago. Net income was CAD 32.62 million compared to net loss of CAD 60.1 million a year ago. Basic earnings per share from continuing operations was CAD 0.03 compared to basic loss per share from continuing operations of CAD 0.07 a year ago.
For the nine months, revenue was CAD 74.17 million compared to CAD 69.79 million a year ago. Net income was CAD 9.51 million compared to net loss of CAD 114.24 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to basic loss per share from continuing operations of CAD 0.13 a year ago.