Imperial Brands converts CA$123 million in debt to Auxly Cannabis shares

MJBizDaily
By Matt LamersApr 1, 2024, 3:01 pm283 ptsTop
Imperial Brands has converted more than 123.4 million Canadian dollars ($90.6 million) in total debt to shares of Auxly Cannabis Group, formally giving the British tobacco giant a 19.8% ownership position in the Toronto-based marijuana company. Imperial Brands converts CA$123 million in debt to Auxly Cannabis…

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