Aleafia Health Inc ALEAF

Healthcare Cannabis

Aleafia Health Inc. is a Canada-based cannabis company. The Company offers cannabis products in Canada and destined for international markets, including Australia and Germany. The Company operates a virtual medical cannabis clinic staffed by physicians and nurse practitioners, which provide health and wellness services across Canada. It owns three licensed cannabis production facilities and operates a located distribution center all in the province of Ontario, including an outdoor cannabis cultivation facility in Canada. The Company produces a diverse portfolio of cannabis and cannabis derivative products, including dried flower, pre-roll, milled, vapes, oils, capsules, edibles, sublingual strips, and topicals, for sale in Canada in the medical and adult-use markets, and in select international jurisdictions. Its subsidiaries include Aleafia Inc., Canabo Medical Corporation, Aleafia Farms Inc., Emblem Corp., Emblem Cannabis Corporation, GrowWise Health Limited and other.

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Aleafia Health Inc > Convertible Debentures

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Comment by Toweringmarson Dec 18, 2020 1:28pm

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Post# 32140985

RE:Convertible Debentures

Math works out, but I'm not so sure I would worry about the debs. Companies like JnJ and Unifor wouldnt do deals with a company with liquidity issues.

sincitywizard wrote: I'm trying to figure out the amount of potential possible dilution to shareholders with regards to the Emblem convertible debentures issued in March 2019 that mature on February 2nd, 2021.

My understanding is that they were originally sold at $1000 per unit and convertible at $2.3875 per share.

Gross proceeds at the time was $25,000,000 CAN

Conversion ratio would then be $1000 divided by $2.3875 which equals 418.848168 shares per unit.

So, 25 million in proceeds, divided by $1000 equals 25,000 units

25,000 units multiplied by 418.848168 equals 10,471,204 shares.

Does this math add up to everyone? Am I understanding how these convertible debentures work correctly?

Please advise. Thanks!

The Wiz