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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.


GREY:ALEAF - Post by User

Comment by Toweringmarson Dec 30, 2021 1:45pm
125 Views
Post# 34271480

RE:RE:RE:RE:Napkin Math

RE:RE:RE:RE:Napkin MathNice try

KeyserShoze wrote: What is fake about it?
They got $12 million and not the $7 million yet. The release states "up to" $7 million expected January 2022. The headline says $19 million but then breaks it down to $12 million loan and "up to $7 million" receivables financing. They do it this way because they think there is still more dumb money out there that invest on headlines alone. Notice how the $7 million is in January so you wont see the details of that financing until q1? Smart eh? Its in the link below. You are the real fake news supporter Souringmars legend. Tell everyone what the financial and restrictive covenants are exactly?

It consists of a revolving receivables facility of up to $7 million and a term loan of $12 million

The revolving receivables facility is expected to be drawn in January 2022 and further thereafter as receivables grow with the Company’s revenue.

The Credit Facility is secured primarily by way of first lien mortgages on the Company’s Paris, Ontario and Grimsby, Ontario production facilities, and includes customary financial and restrictive covenants.

https://seekingalpha.com/pr/18613885-aleafia-health-announces-closing-of-new-19-million-credit-facility-and-extension-of-existing


Toweringmars wrote: Bah, thats some fake news.

Good work protractor.




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