Auxly Stock: A New Lease of Life from Imperial Brands Investment

Auxly Stock

Auxly stock has been through the wars in 2019. Plenty of shareholders are wiping their hands of Auxly Cannabis  Group (TSXV:XLY) (OTCQX:CBWTF) because of poor performance, questionable licensees, and concern for the company’s ability to last long enough to actually return on its streaming business model.

But the company recently received a potentially new lease of life in the form of a $123 million CAD investment from global tobacco giant Imperial Brands (OTCQX:IMBBF).

Auxly Stock and Imperial Brands

For that investment, Imperial received roughly 20% of Auxly Cannabis Group, which is a lot when ...

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