Aleafia Health Inc ALEAF

Healthcare Cannabis

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 wrangler327on Jan 05, 2021 4:03pm

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Post# 32226097

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

I agree cash on hand is great, but not at any cost. Maybe they will set up a credit facility with a bank considering their properties are unencumbered.

Joseisok wrote:

wrangler327 wrote:
You just don't get it. A.) The debenture holder will not convert @ $2.38 because he could buy the stock @ $0.53. B.) The debenture holder would gladly refinance the $25m again at 8.5% and would ask for a warrant again. C.) So that would create roughly 75m new shares So the answer is Geoff did the right thing. Money will be pouring in soon

It depends on how many shares each unit converts to, I couldn't find that info. But I see your point. It's still to bad they had to let go of the 25m.