Highlights
- Imperial's Auxly debenture was originally due to mature this week.
- The debt was converted into Auxly shares and warrants well before that date.
- Imperial remains a significant minority shareholder in the Canadian cannabis producer.
A Date That Once Loomed Large
Imperial Brands
(LSE:IMB)
Consumer Defensive
Imperial Brands PLC (LSE:IMB)
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Last Updated at: 2026-09-15T11:26:00Z
is back in the cannabis discussion as this week marks the original maturity date of the convertible debenture it provided to Canadian producer Auxly Cannabis Group. That instrument was converted into Auxly equity ahead of schedule, turning Imperial from lender into shareholder. This update falls within our Cannabis Stocks coverage.
The milestone offers a moment to revisit how the tobacco group's cannabis strategy has evolved since its initial investment, which at the time ranked among the largest by a tobacco company in the sector.
How The Auxly Relationship Developed
Imperial's original investment came with a research and development partnership focused on next-generation cannabis products. When the Canadian market proved tougher than expected, the maturity date was exte...