Imperial Brands

AUXLY ANNOUNCES COMPLETION OF CONVERSION OF OVER $123 MILLION OF PRINCIPAL AND INTEREST UNDER IMPERIAL DEBENTURE

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월요일, 4월 1, 2024
Imperial Brands, TSX, Imperial, Security (finance)

Ltd., a wholly-owned subsidiary of Imperial Brands plc ("Imperial"), pursuant to the terms previously announced on March 25, 2024.

Key Points: 
  • Ltd., a wholly-owned subsidiary of Imperial Brands plc ("Imperial"), pursuant to the terms previously announced on March 25, 2024.
  • Imperial and Auxly entered into a second amended and restated Investor Rights Agreement dated March 28, 2024 (the "A&R Investor Rights Agreement") to, among other things, remove the existing requirement that Imperial will use the Company as its exclusive cannabis partner.
  • "We appreciate the continued support of our strategic partner Imperial who we now also welcome as our largest shareholder", said Hugo Alves, CEO Auxly.
  • "The conversion improves the financial position of the Company by eliminating $123 million in debt and is expected to reduce our proforma 2024 annual interest and accretion expense by approximately $14 million.

Federal announcement to restrict marketing and sales of nicotine pouches a needed move to protect youth

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목요일, 3월 21, 2024
Canadian Cancer Society, Minor, Imperial Brands, Tobacco industry, Herbal cigarette, American Cancer Society, Federation, Risk, Pharmacy, Social media, Candy, Sale, Imperial Tobacco Canada, Smoking, Nicotine, Marketing, Advertising, Tobacco

At present, in most provinces, nicotine pouches can be sold in any store, including convenience stores and gas stations.

Key Points: 
  • At present, in most provinces, nicotine pouches can be sold in any store, including convenience stores and gas stations.
  • "Federal restrictions on the sale and marketing of nicotine pouches will help prevent nicotine addiction among youth and protect them from tobacco industry marketing strategies," says Rob Cunningham, Senior Policy Analyst, Canadian Cancer Society.
  • Yesterday's announcement comes weeks after British Columbia in February restricted the sale of nicotine pouches in the province to behind the counter in pharmacies.
  • With flavored nicotine pouches hitting the market last year, there's a renewed risk of young people becoming addicted to these new tobacco industry products.

Health groups call on Federal government to deliver on its commitment to protect kids against nicotine addiction

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월요일, 2월 19, 2024
Smoke, NRT, Social media, Television, Minor, Nicotine, Smoking, Imperial Brands, Sale, Heart, Federation, Smoker, Government, Advertising, Health, American Cancer Society, Canadian Cancer Society, Columbia, Spokesperson, Menthol, The Hill Times, Tobacco, Public affairs, Minister

While the government's existing proposal would exempt mint/menthol, health groups have argued that a complete ban on non-tobacco flavours is required to protect young people from nicotine addiction, as mint/menthol is the second-most popular flavour amongst youth and young adults .

Key Points: 
  • While the government's existing proposal would exempt mint/menthol, health groups have argued that a complete ban on non-tobacco flavours is required to protect young people from nicotine addiction, as mint/menthol is the second-most popular flavour amongst youth and young adults .
  • The ad also calls for swift action to protect minors against the sale and promotion of nicotine pouches, namely by making them a prescription-only product.
  • Making nicotine pouches available on a prescription-only basis would give time to both federal and provincial governments to establish a proper regulatory framework.
  • We hope that the government will be consistent in protecting kids from nicotine addiction and will rapidly move to ban all flavours in vaping products.

Flavored Cigar Market to increase by USD 5.13 billion between 2022 to 2027; The growth of the machine-made segment will be significant during the forecast period- Technavio

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화요일, 11월 21, 2023
PDF, Tobacco, USD, Imperial Brands, Scandinavian Tobacco Group, ITC, Swisher (company), Growth, Geography

High appeal of flavored cigars among young adults is notably driving the flavored cigar market.

Key Points: 
  • High appeal of flavored cigars among young adults is notably driving the flavored cigar market.
  • However, factors such as difficulty for the players to convince veteran cigar consumers to switch to flavored cigars may impede market growth.
  • The Free sample report is available in PDF format
    The growth of the machine-made segment is significant during the forecast period.
  • The flavored cigar market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market.

Health Canada makes it legal for flavoured nicotine products from Imperial Tobacco to be sold to children

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화요일, 11월 14, 2023
Smoke, Sale, Minister, Disclosure, American Tobacco Company, British American Tobacco, Health Canada, Imperial Brands, Heated tobacco product, Food, Canadian Lung Association, Social enterprise, Herbal cigarette, Imperial Tobacco Canada, Food and Drugs Act, Minor, ASH, Government, COP10, Canadian Cancer Society, Research, Candy, Tobacco industry, Marketing, Advertising, Social media, Conference, Natural health product, School, Person, Tobacco, Smoking, Overalls, Outline, Legislation, Pharmacy, Medicinal plants, Physician, Nicotine, Health

OTTAWA, ON, Nov. 14, 2023 /CNW/ - Health Canada has approved the sale of flavoured nicotine pouches by Imperial Tobacco Canada Ltd. in such a way that the products can be legally sold to children of any age.

Key Points: 
  • OTTAWA, ON, Nov. 14, 2023 /CNW/ - Health Canada has approved the sale of flavoured nicotine pouches by Imperial Tobacco Canada Ltd. in such a way that the products can be legally sold to children of any age.
  • On July 18, 2023, a sister company of Imperial Tobacco was given approval to sell flavoured nicotine pouches under the Natural Health Product Regulations, with the products containing nicotine but not tobacco.
  • It is completely legal for stores to sell these flavoured nicotine pouches to children of any age.
  • How can it possibly be legal to sell to children flavoured nicotine products from a tobacco company?"

AUXLY REPORTS Q3 2023 FINANCIAL RESULTS

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월요일, 11월 13, 2023
EBITDA, Creditor, Health Canada, Acquisition, Cannabis product testing, Human back, BMO, RSU, Oil, Stock, Depreciation, Fire, Imperial Brands, Marketing, Parcel, Automation, Adjustment, Cannabis, Cadastre, Overalls, Travel, Drug, Pharmaceutical industry, Security (finance), Cryptocurrency, Birth control, Reinsurance

Our Q3 results reflect the tireless efforts of our talented employees and their commitment to making incredible products that help people live happier lives.

Key Points: 
  • Our Q3 results reflect the tireless efforts of our talented employees and their commitment to making incredible products that help people live happier lives.
  • We are united in our mission, encouraged by our quarterly results and dedicated to building on those positive achievements."
  • Auxly maintained its position as a top 5 LP, by maintaining strength in sales of both Cannabis 1.0 and Cannabis 2.0 Products.
  • Please see the Company's MD&A for the three months and nine months ended September 30, 2023, under "Non-GAAP Measures" for a further description of the following financial and supplementary financial measures.

Syniti Announces Key Financial & Company Highlights for First Half 2023

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화요일, 8월 8, 2023
Knowledge, Data management, Patent, Senior, Imperial Brands, SAP, LS, Certification, SKP, United States Patent and Trademark Office, Singapore Airlines, Acquisition, ACV, CIO, Organization, Levi Strauss & Co., Video game, Management

BOSTON, Aug. 8, 2023 /PRNewswire/ -- Syniti, a global leader in enterprise data management, today announced key financial and company milestones for the second quarter and first half of 2023. The company sees its customers increasingly recognizing the importance of a "data-first" strategy as they embark on critical business transformation projects like integrating an acquisition, carving out a divestiture or moving to SAP S/4HANA®.

Key Points: 
  • BOSTON, Aug. 8, 2023 /PRNewswire/ -- Syniti, a global leader in enterprise data management, today announced key financial and company milestones for the second quarter and first half of 2023.
  • Twenty-two clients have adopted the company's new cloud-native Syniti Knowledge Platform (SKP), which is also resold by SAP as SAP® Advanced Data Migration & Management by Syniti, since becoming generally available in early 2023.
  • Services revenue grew by 5% in the first half of 2023 versus first half of 2022.
  • Syniti was listed for the tenth year in a row on the DBTA 100 : The Companies that Matter Most in Data for 2023.

IMPERIAL BRANDS PLC EXTENDS $123 MILLION CONVERTIBLE DEBENTURE AND AUXLY IMPLEMENTS BOARD AND MANAGEMENT CHANGES

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수요일, 7월 26, 2023
Minority, Imperial Brands, Companies (1st Amendment) Act, 2015, University, MI, CPA Canada, Senior, Nomura, Debenture, Bachelor of Business Administration, MBA, Sale, Accounting, Natural Resources, Business administration, Nomura Securities, KPMG LLP, Indian stock exchange, Simon Fraser University, Warrant, CFO, TSX, KPMG, Multilateral, Amendment, Security (finance), Management, Finance

Pursuant to the Amendment, Imperial Brands and Auxly have agreed to extend the maturity date of the Debenture by 24 months from September 25, 2024 to September 25, 2026.

Key Points: 
  • Pursuant to the Amendment, Imperial Brands and Auxly have agreed to extend the maturity date of the Debenture by 24 months from September 25, 2024 to September 25, 2026.
  • Auxly remains Imperial Brands' exclusive global partner for any future development, manufacture, commercialization, sale and distribution of cannabis products.
  • As Imperial Brands no longer holds the required percentage under the Investor Rights Agreement, its nominee, Murray McGowan, has resigned from Auxly's Board effective immediately.
  • Auxly announces the resignation of Mr. Brian Schmitt from his position as Chief Financial Officer ("CFO") of Auxly, effective July 26, 2023.

ITG Brands Announces Acquisition of Nicotine Pouch Range

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금요일, 6월 23, 2023
Tobacco, Retail, TJP, Imperial Brands, Partnership, Acquisition, Nicotine, ITG Brands, Research, ITG, Zone X, Skruf Snus

ITG Brands, a member of the Imperial Brands PLC family, announced the acquisition of a range of nicotine pouches from Canada-based manufacturer TJP Labs to enable future entrance into the modern oral nicotine market.

Key Points: 
  • ITG Brands, a member of the Imperial Brands PLC family, announced the acquisition of a range of nicotine pouches from Canada-based manufacturer TJP Labs to enable future entrance into the modern oral nicotine market.
  • ITG Brands currently manufactures a diverse range of cigarettes, cigars and vapor products.
  • While Imperial Brands markets modern oral products in select European markets under the Zone X and Skruf brands, the acquisition will enable ITG Brands’ first offering in the modern oral nicotine market in the United States.
  • “We look forward to a long and successful partnership with TJP Labs.”
    Following consumer market research and rebranding, ITG Brands will launch its new modern oral offering in early 2024.

James Absalom Elevated to Chief Commercial Officer – International at ZRG

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수요일, 6월 21, 2023
Sustainable Development Technology Canada, Partnership, Education, Financial services, Culture, Imperial Brands, RPO, Colgate-Palmolive, Walter James, ZRG, S. C. Johnson & Son, Sustainability, Campari Group, Consumer, DEI, Growth, Management, Haleon, Unilever

LONDON and NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) -- ZRG Partners, a leading global talent firm backed by private equity firm RFE Investment Partners, today announced the promotion of London-based executive James Absalom to the position of Chief Commercial Officer – International.

Key Points: 
  • LONDON and NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) -- ZRG Partners, a leading global talent firm backed by private equity firm RFE Investment Partners, today announced the promotion of London-based executive James Absalom to the position of Chief Commercial Officer – International.
  • Absalom became part of ZRG when his previous firm that he founded as CEO in 2015, Walter James, was acquired in December 2021.
  • “I am excited to take on this newly created leadership role at ZRG Partners to grow our global client base,” Absalom said.
  • ZRG’s new Chief Commercial Officer’s experience includes working with complex global organizations in senior leadership positions that require both change and transformation.