Tobacco Giant Imperial Brands to Take 20% Stake in Canadian Cannabis Company Auxly for C$123 Million

New Cannabis Ventures
By NCV NewswireJul 25, 2019, 6:27 am402 pts
Auxly Welcomes $123 Million Investment and R&D Partnership with Imperial Brands Imperial Brands to invest approximately $123 million by way of a debenture convertible into 19.9% ownership of Auxly at a conversion price of $0.81 per share Auxly granted global licences to Imperial Brands’ vaping technology and…

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