Auxly Cannabis Group Inc. (OTCQX:CBWTF) (TSX:XLY) has amended and restated the unsecured convertible debentures in the capital of the company issued under its standby facility with an institutional investor.
The standby facility allowed the corporation to sell, on a private placement basis, original convertible debentures in tranches for an aggregate principal amount of up to $25 million. Under the standby facility, the company sold $11.25 million in original convertible debentures over five tranches throughout 2020. As of the date hereof, the company has repaid $2.5 million of principal owing under such original convertible debentures.
