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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 > Great news !! Looks like we will live on for a while yet :)
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Post by 1hot-techwomanon May 12, 2022 9:50am
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Post# 34677364

Great news !! Looks like we will live on for a while yet :)

Great news !! Looks like we will live on for a while yet :)

Aleafia Health Announces Agreement to Amend Convertible Debentures and Equity Financing of $5.6 Million

Thursday, May 12, 2022, 7:31 AM ET
 

Aleafia Health Announces Agreement to Amend Convertible Debentures and Equity Financing of $5.6 Million
 -- Transforms the company's balance sheet with an equity financing to fund growth and a favourable resolution to amend the key commercial terms of the Convertible Debentures -- Provides $11.6 million1 in additional liquidity to fund working capital and growth initiatives and finance the company attaining break-even Adjusted EBITDA profitability in 20222 -- Augments the refinancing profile extending the maturity of the Convertible Debentures from 2022 to between 2024 and 2028 -- Improves the cash flow profile with a 30 month no mandatory interest period for the Convertible Debentures -- Together with existing credit facilities, the transactions enable the Company to continue rapidly scaling into a top 10 Canadian LP3 while building high-margin medical and international businesses

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