Auxly Cannabis Group Boosts Financial Position With Amendments To Previous $123M Convertible Debenture

-focused consumer packaged goods company Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) on Tuesday announced the implementation of amendments to particular provisions of its previously issued debenture with giant Imperial Brands PLC.

Back in 2019, Imperial had invested CA$123 million ($92.8 million) in Auxly, by way of a debenture that is convertible into 19.9% ownership of the cannabis company, at a conversion price of 81 cents per share.

Under the deal, Imperial agreed to provide Auxly with global Imperial Brands  technology and …

Full story available on Benzinga.com

More Auxly Cannabis Group Boosts Financial Position With Amendments To Previous $123M Convertible Debenture