Auxly Stock: Imperial Brands Invests, Will Shares Climb?

Auxly Stock

In recent weeks, Auxly Cannabis Group’s (TSXV:XLY) (OTCQX:CBWTF) head office seemed like a ghost town. There was little to no news coming from management, and with Auxly stock in decline, investors were getting nervous.

But finally, earlier today, investors received news they must have been waiting for. The company will be receiving investment from international consumer goods brand Imperial Brands PLC (OTCQX:IMBBF).

Will Auxly Stock Get a Boost from Investment?

Approximately $123 million will be invested in Auxly Cannabis Group “by way of a convertible debenture,” according to the press release. The deal will ...

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