Aleafia Health Inc ALEAF

Aleafia Health Inc. is a federally licensed Canadian cannabis company offering cannabis products in Canadian adult-use and medical markets and in select international markets. The Company is engaged in the production, sale, and distribution of cannabis. It operates a virtual medical cannabis clinic staffed by physicians and nurse practitioners which provide health and wellness services across Canada. The Company operates two licensed cannabis production facilities and operates a strategically located distribution center all in the province of Ontario, including the largest, 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. It markets and sells cannabis products through regulated intermediaries into selected international markets, tactically sells cannabis products into Canadian wholesale markets.

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Aleafia Health Inc > Why didn't they give them shares and keep the cash?

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Comment by Toweringmarson Jan 05, 2021 12:34pm

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RE:Why didn't they give them shares and keep the cash?

Cause at the conversion price it wouldnt have boded so well for shareholders. This is an obvious sign that they're listening to their shareholders and looking to work for them.

With earnings likely this quarter and next our need for cash is lessened. It was also hinted by Benic in the release that we have entierly unencumbered facilities and no senior secured debt.

The company doesnt need the money at this stage, and with little to no overhanging debt we can be as flexible as we need to be. Plus it saves 2m in interest payments had we kicked the can down the road another year or two.

I think its smooth sailing from here onwards and there is much excitement in our future with this cleared up.