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.

GREY:ALEAF - Post by User

Aleafia Health Inc > Convertible debt from financials-- thoughts on conversion?

<< Previous

Bullboard Posts

Next >>

Comment by Toweringmarson Nov 26, 2021 9:32am

139 Views

Post# 34168265

RE:RE:RE:RE:RE:Convertible debt from financials-- thoughts on conversion?

What do you think that means for my gas money?

KeyserShoze wrote: If they make it to June and management offers them shares, they'll have to take them. It's that or nothing. Wouldn't want to be a Debenture holder right now. They're unsecured. Credit facility lenders have liens on the 2 facilities and locked up so even if they tried to go after them, creditors are first. It's a mess.

rad10 wrote: 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 holders, (and I wish them well) but why would anyone buy the company if they can pick it up in a restructuring with the unsecured debt written off?

Tan4646 wrote: 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.