Auxly Cannabis Group Inc T.XLY

Alternate Symbol(s): CBWTF

Healthcare

Auxly Cannabis Group Inc. is a Canada-based consumer packaged goods company in the cannabis products market. The Company is focused on developing, manufacturing and distributing branded cannabis products. Its brands include Parcel, Back Forty, Foray, Dosecann and Kolab Project. It provides various products, including vaporizers, edibles, dried flowers, pre-rolls, capsules and oils and concentrates. The Company also conducts wholesale bulk sales of dried cannabis to various licensed producers in Canada. Its subsidiaries include Auxly Charlottetown Inc., Auxly Ottawa Inc., and Auxly Leamington Inc. The Company’s primary Cannabis 2.0 Product development, manufacturing and R&D activities are conducted by its subsidiary Auxly Charlottetown Inc. at a cannabis processing facility located in Charlottetown, Prince Edward Island. Auxly Ottawa Inc. holds licenses for cultivation and processing and conducts the Company’s primary dried flower and pre-roll manufacturing.

TSX:XLY - Post by User

Auxly Cannabis Group Inc > Imperial Brand buys 19.8% Stake in Auxly at $0.81 per share!

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Comment by 1hot-techwomanon Mar 27, 2024 10:51am

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Post# 35955392

RE:Imperial Brand buys 19.8% Stake in Auxly at $0.81 per share!

1hot-techwoman wrote: For Grand total of $123 Million !! So if you think .06 per share is a Great deal you would be Right :) !!!

IMPERIAL BRANDS PLC EXTENDS $123 MILLION CONVERTIBLE DEBENTURE AND AUXLY IMPLEMENTS BOARD AND MANAGEMENT CHANGES

NEWS PROVIDED BY
Auxly Cannabis Group Inc.
Jul 26, 2023, 16:45 ET

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TORONTO, July 26, 2023 /CNW/ - Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) ("Auxly" or the "Company"), a leading consumer packaged goods company in the cannabis products market, is pleased to announce an agreement with its strategic partner, Imperial Brands PLC ("Imperial Brands") to amend certain provisions of its previously issued $123 million debenture (the "Debenture) dated September 25, 2019 as amended on July 6, 2021 (the "Amendment"). Pursuant to the Amendment, Imperial Brands and Auxly have agreed to extend the maturity date of the Debenture by 24 months from September 25, 2024 to September 25, 2026. The parties anticipate the Amendment to come into effect on August 16, 2023.

The Debentures are convertible into Common Shares at a price of .81 per share at any time prior to the close of business on the business day immediately preceding maturity. Auxly remains Imperial Brands' exclusive global partner for any future development, manufacture, commercialization, sale and distribution of cannabis products