- Aleafia Health (AH) has closed a private placement for gross proceeds of approximately $5.6 million
- The company issued 68,151,515 units at a price of $0.0825 per unit
- Net proceeds will be used to fund working capital and capital expenditures
- Aleafia Health is a federally licensed Canadian cannabis company offering cannabis health and wellness services and products
- Aleafia Health Inc. (AH) opened trading at C$0.07 per share
Aleafia Health (AH) has closed its previously announced private placement for gross proceeds of approximately $5.6 million.
The company issued 68,151,515 units at a price of $0.0825 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant may be exercised into one common share at a price of $0.1025 until June 24, 2026.
The warrants are subject to an acceleration clause.
Net proceeds will be used to fund working capital and capital expenditures.
“The closing of the private placement is a significant milestone for Aleafia, providing funding to support our growth plans, and satisfying a main condition for the amendment of the company’s convertible debentures,” said Aleafia Health CEO Tricia Symmes.
Aleafia Health is a federally licensed Canadian cannabis company offering cannabis health and wellness services and products in Canada. The company owns and operates a virtual network of medical cannabis clinics staffed by physicians and nurse practitioners.
Aleafia Health owns three licensed cannabis production facilities and operates a strategically located distribution centre in the province of Ontario, including the first large-scale, legal outdoor cultivation facility in Canadian history.
Aleafia Health Inc. (AH) opened trading at C$0.07 per share.