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Auxly Cannabis Group Inc
Symbol XLY
Shares Issued 642,943,875
Close 2021-01-19 C$ 0.42
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Auxly boasts about 2020 cannabis sales

2021-01-19 10:17 ET - News Release

Mr. Hugo Alves reports


Auxly Cannabis Group Inc. achieved the No. 1 market share position for cannabis 2.0 products in 2020, as confirmed by Headset Canadian Insights data. Two thousand twenty was the first full year for the sale of cannabis 2.0 products, which is generally understood to consist of vapes, edibles, beverages, extracts and topicals. Despite not participating in every 2.0 category, Auxly's 19.2-per-cent share of the total vape market and 12-per-cent share of the total edibles market propelled the company to the No. 1 spot in overall 2.0 sales for the year. Auxly saw robust sales growth quarter over quarter, especially in its vape product offering -- the largest 2.0 category -- securing 23 per cent of the national vape market share in the fourth quarter.

"We are extremely proud to be the No. 1 LP for cannabis 2.0 in Canada," said Hugo Alves, chief executive officer, Auxly. "The amount of support and overwhelmingly positive feedback we have received from Canadian retail consumers throughout this first year of sales has been tremendous. Our commitment to delivering high-quality, differentiated and innovative cannabis products has clearly struck a chord with Canadians, and our entire team remains highly motivated to continue our growth trajectory as we start a new year."

Additional operational highlights for 2020 included:

  • One of the first LPs (licensed producers) to market with 2.0 products, with initial shipments made to nine provinces;
  • Listed as the No. 1 LP in national vape sales in the fourth quarter of 2020, with 23 per cent market share;
  • During the third quarter, successfully completed the second-floor expansion at its Dosecann facility located in Prince Edward Island, enabling increased production, fulfilment rates and sale of cannabis products;
  • Auxly continued to introduce new and exciting cannabis products to the market throughout the year, with the launch of the Back Forty brand, Foray Hard Maple Caramels, Dosecann Capsules, Kolab Project Cherry Cola Pop milk chocolates and Kolab Project 232 Series live terpene vape cartridges;
  • Expansion into cannabis 1.0 with the launch of Robinson's premium dried flower and Kolab Project Grower Series collaborations with Lotus Cannabis Co. and Safari Flower Co.;
  • Auxly's joint venture, Sunens Farms Inc., received its standard cultivation licence for the first phase of its greenhouse project.

Looking ahead into 2021, Auxly continues to focus its efforts on innovation and executional excellence as it solidifies its national footprint with its consumer brands Back Forty, Dosecann, Foray, Kolab Project and Robinsons.

About Auxly Cannabis Group Inc.

Auxly is an international cannabis company dedicated to bringing innovative, effective and high-quality cannabis products to the medical, wellness and adult-use markets. Auxly's experienced team of industry first movers and enterprising visionaries has secured a diversified supply of raw cannabis, strong clinical, scientific and operating capabilities, and leading product research and development infrastructure in order to create trusted products and brands in an expanding global market.

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