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Auxly AUXLY REPORTS Q2 2021 FINANCIAL RESULTS : REPORTS RECORD REVENUES , ADJUSTED EBITDA AND CANADIAN RECREATIONAL MARKET SHARE News Release TORONTO , Ontario , August 16 , 2021 - Auxly Cannabis Group Inc. ( TSX.V - XLY ) ( OTCQX : CBWTF ) ( " Auxly " or the " Company " ) today released its financial results for the three and six months ended June 30 , 2021 . These filings and additional information regarding Auxly are available for review on SEDAR at www.sedar.com . All amounts are Canadian dollars except common shares ( " Shares ” ) and per Share amounts . • • Q2 2021 Highlights and Subsequent Events Total net revenues from sale of adult use cannabis in Canada of $ 20.9 million for the three months ended June 30 , 2021 , more than doubling the same period in 2020 and Q1 2021 Adjusted EBITDA improves to negative $ 3.3 million , an improvement of $ 7.2 million as compared to Q2 2020 and $ 3.4 million more than the previous quarter Continuing improvements in total market share to 4.9 % in Q2 2021 ( rising to 5.4 % in July 2021 ) while maintaining the # 1 LP position in Cannabis 2.0 product sales nationally , with approximately 15.4 % market share¹ Further strengthened the Company's balance sheet with financing transactions and the sale of non - core assets Q2 Highlights For the three months ended : June 30 , 2021 June 30 , 2020 Change Percentage Change ( 000's ) Total revenues $ 20,852 Net income / ( loss ) * $ 8,658 $ 6,867 $ ( 27,917 ) $ 13,985 204 % $ 36,575 131 % Net income / ( loss ) from continuing operations * $ ( 3,676 ) $ ( 29,175 ) $ 25,499 87 % Adjusted EBITDA ** $ Weighted Average Shares outstanding ( 3,315 ) 762,652,783 $ ( 10,488 ) $ 7,173 68 % 627,821,967 134,830,816 21 % For the six months ended : June 30 , 2021 June 30 , 2020 Change Percentage Change ( 000's ) Total revenues $ Net income / ( loss ) * 30,018 $ ( 1,836 ) $ 15,875 $ 14,143 89 % $ ( 40,661 ) $ 38,825 95 % Net income / ( loss ) from continuing operations * $ ( 13,992 ) $ ( 40,488 ) $ 26,496 65 % Adjusted EBITDA ** Weighted Average Shares outstanding * Attributable to shareholders of the Company $ 7,900 111,963,266 ** Adjusted EBITDA is a Non - IFRS financial measure . Refer to the Non - IFRS Financial and Performance Measures section in the MD & A for definitions $ ( 9,996 ) 738,481,243 $ ( 17,896 ) 626,517,977 44 % 18 % 1 ) Headset Canada Insights