Bullboard - Stock Discussion Forum 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... see more

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TSX:XLY - Post Discussion

Auxly Cannabis Group Inc > Imperial invested $127 Million at $0.81 per share in 2019 !!

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Post by 1hot-techwoman on Nov 16, 2022 7:09am

Imperial invested $127 Million at $0.81 per share in 2019 !!

So do they buy the rest of the company now for nothing???

https://www.globenewswire.com/news-release/2019/07/25/1887830/0/en/Auxly-Welcomes-123-Million-Investment-and-R-D-Partnership-with-Imperial-Brands.html

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Comment by WashingShares on Nov 16, 2022 1:34pm

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Comment by CorpFMan79 on Nov 16, 2022 3:01pm

Imperial loqned the company $127MM. They have the option to convert it to shares at $0.81. The lack of umderstanding on this deal is why shareholders have lost money.

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