Auxly Cannabis Group Inc T.XLY

Imperial Brands will buyout Auxly now there Profitable! $$$$

[1hot-techwoman]

They own 19.8% of the company already and paid $123 Million at $0.81 per share !!

You dont think Imperial Brands see's where Auxly is going now with the latest Q? Only going to get better as they streamline operations with automation.  Sell nothing :) $$$$$

AUXLY ANNOUNCES COMPLETION OF CONVERSION OF OVER $123 MILLION OF PRINCIPAL AND INTEREST UNDER IMPERIAL DEBENTURE

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Auxly Cannabis Group Inc. 

Apr 01, 2024, 07:30 ET

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• Imperial Brands plc converts over $123 million in total debt to shares resulting in 19.8% ownership

TORONTO, April 1, 2024 /PRNewswire/ - 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 the completion of the conversion of $123.4 million of principal and accrued interest under the 4.00% unsecured convertible debenture of the Company due September 25, 2026 (the "Debenture") and the amendment to the amended and restated investor rights agreement dated July 6, 2021 (the "Investor Rights Agreement") with 1213509 B.C. Ltd., a wholly-owned subsidiary of Imperial Brands plc ("Imperial"), pursuant to the terms previously announced on March 25, 2024.

Imperial has converted (the "Conversion") (i) $121.9 million of the principal amount outstanding under the Debenture at an exercise price of $0.81 for 150,433,450 common shares in the capital of the Company ("Shares"), and (ii) $1.56 million of accrued interest under the Debenture into 90,882,667 Shares at a price of $0.017 (the "Interest Conversion Price"), resulting in Imperial holding an equity position in the Company of approximately 19.8%.


Better times lay ahead for Auxly :)

 

 

[bull_runz]

From The Auxly Reddit; felty777 • 44m ago AUXLY is going to survive and be a profitable INTERNATIONAL Cannabis company with a strategic business partner who happens to be an expert in everything that AUXLY needs to do to achieve success.   Look for Imperial Brands to take a much larger stake to fund international expansion some time within the next couple of years. Look at what

[1hot-techwoman]

Sell nothing if Imperial Brands can pay $0.81 per share for 19.8% of Auxly....and now they are profitable, the future will turn green for them. Only up from here :)

[settoretire]

You meant to say ABSORB. shareholders of record will get exactly what we've got. Low SP and nothing more.

[1hot-techwoman]

Explain exactly how that would work? If Auxly is growing and revenue and profit's are increasing, then why wouldn.t the share price as well? Hence if they are bought out ( which they will be eventually by Imperial Brands IMO) why would it not be at a higher price to reflect the valuation of the current company? Just sayin :)

[settoretire]

I hope you're correct and I'm wrong. But....

[1hot-techwoman]

Be Patient as Auxly is Profitable now and next Q will be even better !!! $$$ Time to be buying not selling as Imperial Brands will buyout Auxly in near future as they own 19.8% already !! GLTA :)

[srtman03]

100 % !!! Wait till next Q !!! Larger Rev;s and Profit !! This is a steal at this level !! Altime high was $2.90 for Auxly FWIW !!