GREY:ALEAF - Post by User
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Humaniston Jan 04, 2022 8:03am
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AH POVIDES UPDATE ON THE NEGOTIATIONS OF CONVERTIBLE DEBT
AH POVIDES UPDATE ON THE NEGOTIATIONS OF CONVERTIBLE DEBTALEFIA HEALTH PROVIDES UPDATE ON THE NEGOTIATIONS OF ITS CONVERTIBLE DEBT
JAN 4, 2022/7:46 AM
Aleafia Health Inc. (TSX: AH, AH.DB, OTCQX: ALEAF) (“ Aleafia Health ” or the “ Company ”) is providing a corporate update regarding its outstanding listed unsecured convertible debentures (TSX: AH.DB), issued on June 27, 2019 and maturing on June 27, 2022 (the “ Convertible Debt ”).
The Company has initiated negotiations with debenture holders with a view of amending the Convertible Debt to achieve an outcome that is beneficial to all the Company’s stakeholders.
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As negotiations are underway, the Company has opted to not make an interest payment due on December 31, 2021. Under the terms of the Convertible Debt, there is no event of default as a result of this non-payment for 30 calendar days from the interest payment due date. Moreover, by Extraordinary Resolution, or otherwise by resolution by holders of more than fifty percent (50%) of the principal amount of Convertible Debt, an event of default may be waived. There can be no assurance that the current negotiations will result in a transaction or, if a transaction is undertaken, that it will be successfully concluded in a timely manner.
For Investor & Media Relations:
1-833-879-2533
IR@AleafiaHealth.com
LEARN MORE: www.AleafiaHealth.com