Aleafia Health Raises $13 Million Selling Units at $0.65

  • (Aleafia or the Company), is pleased to announce that it has entered into an agreement with Eight Capital as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (together, the Underwriters), pursuant to which the Underwriters have agreed to purchase 20,000,000 units of the Company (the Units), on a bought deal basis pursuant to a short form prospectus offering, subject to all required regulatory approvals, at a price per Unit of $0.65 (the Issue Price) for gross proceeds of $13,000,000 (the Offering).
  • Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.80, for a period of 36 months following the closing of the Offering.
  • If this option is exercised in full, the Company will receive an additional $1,950,000 in gross proceeds for total aggregate gross proceeds of $14,950,000.

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