Auxly Cannabis Group Inc T.XLY

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

[1hot-techwoman]

For Grand total of $123 Million !!  So if you think $0.06 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

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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 $0.81 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

[1hot-techwoman]

Just Remember :)

[jpm59]

yeah, right ,lol  with a billion o/shares,,  do you really think this company is worth 810 million dollar????, not a chance !

[1hot-techwoman]

:)