Aleafia Health Inc ALEAF

Nice to see Vivo

[Toweringmars]

Pull that financing after they realized the predators were circling.

https://stockhouse.com/news/press-releases/2020/10/16/vivo-cannabis-tm-withdraws-5-million-offering-and-provides-business-update

Lets see if IIROC does anything or if it was all smoke and mirrors.

[penismightier]

Either way they were screwed. They took the lesser evil for sure.

[stocktracker101]

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[Schaffhausen]

ALEF seems to have good capital market strategy...Wonder who in their mgmt team is the capital markets whisperer....VIVO should try to poach!. Cheers, Schaff

[Schaffhausen]

Come to think of it, VIVO and ALEF would be a perfect merger.  I think all shareholders would benefit in that deal but not so good for about half of the top brass. Cheers, Schaff.  

[penismightier]

Nice of you to drop in from the Vivo board. Would be a great deal for Vivo because they are stuck in first gear. Wouldn't move the needle for Aleafia. Thanks but no thanks. Pen

[Schaffhausen]

Pen, thanks for the welcome. You are right about what you say that a merger of VIVO and AH would favour VIVO. That is exactly how I would expect the market to react at first. Longer term it would make great sense...a lean mean cannamed powerhouse after joining their patient lists and slashing the duplicate overhead. Cheers, Schaff

[OldSchooI]

I concur. That's it, that's all. AHLooong!!!

[Toweringmars]

Frankly I wouldnt mind thier 5 clinics and all the registered active patients they have. The airhouses, well im on the fence about those. But production/packaging facility on the other side of the country? I dont hate the prospects of the company, but someone in that management team should be shaking their head at why they would spread themselves out so far and have to send product across 3

[stocktracker101]

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[christophwaltz]

Vivo already moved on the debentures, but it still leaves them wanting for cash, hence the failed/stopped raise attempt: https://www.newswire.ca/news-releases/vivo-cannabis-tm-completes-debenture-refinancing-879549556.html Of the original $22,600,000 in debentures, Vivo paid some with $10.5M cash, converted some to 32,800,000 shares, and still owe $6,600,000 in debs. They need money now if they

[DBDETECT0R]

Not to worry gents. I heard KnowWhenToStrokeEm is working on a GoFundMe page for them and is going to save the day.

[stocktracker101]

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[Schaffhausen]

Hey All, Vivo should have all necessary cash resource to get through Q3 2021 (mgmt prospectus Oct.6), but this seems the worst case scenario. Truth is that VIVO may be the first of the small LP cohort to be cash flow positive, and this is expected by H1 2021. See for yourselves, have a look at the Q2 financials for burn rate, consider the revenue growth rate that is equal to any of the cohort and

[Implications]

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