Aleafia Health Inc ALEAF

AH: UPDATE ON ITS CONVERTIBLE DEBT/AGRMNT EXTENDED TO MAR 14

[Humanist]

Aleafia Health Provides Further Update on its Convertible Debt
    
by @nasdaq on 1 Mar 2022, 19:14
 
TORONTO, March 01, 2022 (GLOBE NEWSWIRE) -- Aleafia Health Inc. (TSX: AH, AH.DB, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is providing a corporate update regarding its outstanding listed unsecured convertible debentures (TSX: AH.DB), issued on June 27, 2019 and maturing on June 27, 2022 (the “Convertible Debt”).

Further to the Company’s announcement on February 1, 2022, the Forbearance Agreement, entered into between the Company and holders of Convertible Debt representing approximately 58% of the aggregate principal amount of debentures outstanding, has been extended until March 14, 2022. The holders of Convertible Debt representing an additional 4% of the aggregate principal amount of debentures outstanding have subsequently entered into the Forbearance Agreement. The Agreement automatically renews for 14-day periods thereafter unless advance notice to the contrary is provided.

The parties have continued to work expeditiously and in good faith to negotiate a potential transaction to amend the terms associated with the Convertible Debt.

For Investor & Media Relations:
1-833-879-2533
[e-mail]
LEARN MORE: www.AleafiaHealth.com

[Highandlows]

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[Humanist]

Just a reminder that we have until monday to hear about the convertible debt!!  as per my prev post below

[IMB]

It will get automatically renewd with a press release stated that.

[Toweringmars]

IMB You've got mail.

[IMB]

I replied to you.