TORONTO, Dec. 10, 2018 /CNW/ - Alternate Health Corp.,
("Alternate Health" or the "Company") (CSE:AHG) (OTCQB:AHGIF), an international leader in technology
solutions for the regulated cannabis industry, announced today that the Company has closed a non-brokered private placement of
12,739,000 common shares at a price of CAD$0.40 per common share for aggregate gross proceeds
of CAD$5,095,000. The common shares are subject to a four month and one day hold period in
accordance with Canadian securities laws.
"We are extremely pleased to have completed this private placement for our expansion of our technology in the lucrative
cannabis distribution market," says Dr. Michael Murphy, Chairman and CEO of Alternate Health.
"Alternate Health is focused on generating revenue from our technology assets as we expand across key markets."
The funds will support Alternate Health's distribution and product development activities in addition to being used for
general working capital purposes.
About Alternate Health
Alternate Health (CSE: AHG, OTCQB: AHGIF) is an international cannabis company, focusing on technology and
value-added services. Alternate Health's industry-leading software systems provide the platform for the company's diverse
operations, including distribution and the first medial cannabis software portal approved by the Florida Department of
Health.
Alternate Health's corporate office is located in Toronto, Canada, with additional offices in
Venice and Humboldt County, California and San Antonio, Texas. The Company is well positioned to reinvest internal operating cash flow in its platform
and product development over the long term, creating an attractive investment profile for its shareholders. Alternate Health
resides in the cannabis sector along with companies like GW Pharmaceuticals, AXIM Biotechnologies Inc., and Canopy Growth
Corporation. For more information about Alternate Health Corp., visit www.alternatehealth.ca.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release. Statements included in this announcement, including statements
concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby
identified as "forward-looking statements". Forward-looking statements may be identified by words including "anticipates",
"believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking
statements, including without limitation those relating to the Company's future operations, business prospects, anticipated
growth and potential revenues, derived from the Bionic Bee asset purchase are subject to certain risks and uncertainties that
could cause actual results to differ materially from those indicated in the forward-looking statements.
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SOURCE Alternate Health Corp.
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