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Bullboard - Stock Discussion Forum 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... see more

GREY:ALEAF - Post Discussion

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Post by Toweringmars on Jun 25, 2020 9:49am

Boom!

We'll this is amazing news, both unlocks our capital and fill the ol piggy bank, but gives us equity in Aphria, which lets be honest is one of the few companies like us getting it right.

But an interesting note on this settlement is 15,500,000 in cash and 10,000,000 in securities is only 25,500,000. I know, im pretty gooder at deh maths... But where does the other 3.6 mil go? Could be something else in the works?

Maybe they'll give us our own shares back to cancel? Would be a sweet deal for us at this exchange price. Supposing we dont go on a big run right away.

Regardless this is amazing news.

Comment by Francoic on Jun 25, 2020 9:55am
Aleafia will therefore be able, if required, to repay the convertible debt due on February 21, 2021 without dilution and without drawing on its working capital
Comment by Rosmorduc on Jun 25, 2020 9:55am
I agree. We're making out like bandits here and it avoid a long, painful and costly litigation process. AH is the best weed stock to buy right now. It's clear as day.  Easy 1.50$ by year end with everything they are doing.
Comment by Toweringmars on Jun 25, 2020 10:00am
Couldnt agree more, other than the fact that I think with everything they're doing it will be north of $1.50. Especially considering we're trading at a discount to peers who we're almost doing the same numbers as... ex HEXO. I mean, Tilray only sold 5,794kgs in Q1... We're almost on par with them. Albeit they have other business going on, we also have things in the works that will ...more  
Comment by Francoic on Jun 25, 2020 10:58am
To my recollection, I believe that we put $ 12 million in cash and the rest in shares (approximately 6 million shares). It would therefore be a good deal because possibly the missing $ 3.1 million represents the 6 million shares that would be eliminated; plus $ 15.5 million in cash and $ 10 million in Aphria shares, the value of which should increase over the coming months,  representing a ...more  
Comment by WinterBaron on Jun 25, 2020 11:28am
Helpful.. Thanks
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