Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) released on Monday its financial results for the three and nine months that ended Sept. 30, 2022.

The Toronto-based company reported a 19% year-over-year drop in total net revenues to CA$19.8 million ($14.9 million) in the third quarter, which was transitional for Auxly, CEO Hugo Alves, said.

"We took insights from and listened to our consumers to understand their evolving needs and preferences so that we could begin to deliver on quality improvements across our vape, dried flower and pre-roll portfolio while also implementing pricing reductions," Alves continued. "These necessary adjustments, along with disruptions at some of our wholesale customers and hurricane Fiona's temporary impact on our …

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