GREY:ALEAF - Post by User
Post by
Ace2018on Sep 26, 2018 10:57pm
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Post# 28698187
An interesting few months ahead.
An interesting few months ahead. The Serruya family is due to invest in the planed joint venture of retail recreational sales via a private placing of $10 million in Aleafia shares at $3.10 per share. The placing is expected to close on or about October 15 this year.
This will likely cause Alefia's existing shareholders to sustain at least a short-term loss from the resulting dilution of their shares. But if the raised capital is effectively used to expand the business, the price will soon rebound - often to a new, higher level.
The Serruyas are known for their ability to "scale up" very quickly, which may mean Alefia's retail recreational sales division breaks out quickly after legalization day.