Cannabis Wheaton Income Corp Up 13.88% To $0.01 After Earnings

Auxly Cannabis Group Inc (CBWTF) surpassed earnings projections on 11/13/2023 for Q3 2023.

Cannabis Wheaton Income Corp's earnings came in at an EPS of $0.02 per share. The firm's earnings are up 140% since reporting losses of $0.05 per share in the same period a year ago.

Cannabis Wheaton Income Corp Q3 2023 revenue came in at $21 million. The company achieved 38% growth year-over-year compared to the firm's revenue of $15.2 million from the year-ago quarter. The higher earnings growth relative to revenue signals Cannabis Wheaton Income Corp has improved its profit margin.

The stock is up 13.88% to $0.01 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Cannabis Wheaton Income Corp has performed a little above average during the past few months. Before the report, Cannabis Wheaton Income Corp received a Long-Term Technical Rank by InvestorsObserver of 54, putting it in the top half of stocks. The firm set a 52-week low on November 17, 2022 at $0.01 and set a 52-week high on November 14, 2022 at $0.03.

Auxly Cannabis Group Inc is a consumer-packaged-goods company in the cannabis products market. The company's focus is on developing, manufacturing, and distributing branded cannabis products.