Aleafia Health Inc ALEAF

Convertible debt from financials-- thoughts on conversion?

[Tan4646]

Convertible Debt

In June 2019, Aleafia Health issued 40,250 additional convertible debentures units (the “Debenture Units”) for gross proceeds of $40.3 million.

Each Debenture Unit consisted of one $1,000 principal amount of an unsecured convertible debenture of Aleafia Health and 680 common share purchase warrants, which debentures contained the following terms: • a maturity date of June 27, 2022; • an interest rate of 8.5% per annum; payable semi-annually; • convertible at $1.55 per share until June 27, 2022 at the option of the holder;

and • Aleafia Health may accelerate the expiry date of the common share purchase warrants with not less than 30 days’ notice, should the daily volume weighted average trading price of the outstanding common shares of Aleafia Health on the TSX be greater than $3.10 for 20 consecutive trading days.

During 2019, Debenture holders converted $2.9 million debentures to common shares. Accordingly, the remaining principal balance to be paid upon maturity is $37.4 million.

[KeyserShoze]

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[Tan4646]

at $1.55, these unsecured holders will get creamed,  any new unsecured debentures offered would have to be offered at pennies,  thats a lot of poems.    Sell the buiness and wipe out the dead weight.

[KeyserShoze]

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[rad10]

Hi Tan - welcome to the fruit farm. The debenture conversion is only at the individual holders discretion.  62 cents on the dollar - suggests holders are aware redemption at parity is a pipe dream.  The problem is the 10 million secured credit facility higher up the food chain. These lenders call the shots going forward. A change of control would be an awesome outcome for debenture

[KeyserShoze]

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[Toweringmars]

What do you think that means for my gas money?

[KeyserShoze]

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[Toweringmars]

Rad, you hear that? Keezie says we're hooped for our gas money. You think the billionaires with equity positions will lend us some dough?

[KeyserShoze]

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[Mikek69]

Well word is they did another 48 thousand kilo’s plus the 12 is 60 and between 4q and 1q 18 thousand kilos are sold wholesale at .91c kilo because of the quality. Have some faith and stop listening to Keyser he is a inbred 

[Mikek69]

Sorry meant .93cent a gram not 91

[KeyserShoze]

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[sthinei]

I would be very hapy if that were in fact true to get an almost 100% increase in pricing and increased volimes.  Seems a little early for you t be getting those numbers though.

[KeyserShoze]

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[Mikek69]

Keyser you passed. We all new you would bash my post   That’s what u people get paid for. You will bash whatever is said that’s your job. Otherwise why are you here.  Keyser will not answer this he will just repost a repost

[KeyserShoze]

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[KeyserShoze]

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[Mikek69]

.93 cent a gram q4 2021 and q1 2022 dumb dumb we all know what was sold a year ago and last q. Different quality of flower many different strains than last harvest. This years quality and quantity blew away last year.   Go ahead Keyser bash and earn little fella

[KeyserShoze]

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[rad10]

lol - gas money?  Legend - You have lost your shirt.