CBWTF stock has been under pressure recently following Auxly Cannabis Group’s (TSXV:XLY) (OTCQX:CBWTF) fourth-quarter results. CBWTF stock has corrected over 20% in the past week from a high of $0.76 USD.
The drop in stock price is due to the released Q42018 and FY2018 earnings, which reported that Auxly Cannabis Group’s loss widened significantly compared to 2017.
Earnings ReviewDespite reporting lower than estimated earnings for FY2018, Auxly Cannabis took a step closer to enhancing its revenue by diversifying its operations through streaming deals and acquisitions.
Auxly reported $747,000 CAD in revenue ...
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