On June 27, 2019, Aleafia Health Inc. (TSX: ALEF) (OTC: ALEAF) (FRA: ARAH) announced that it had closed its previously announced public offering of convertible debenture units of the company for aggregate gross proceeds of $40.25 million, which included the full exercise of the over-allotment option. The offering was led by Mackie Research Capital Corporation and BMO Capital Markets and included Canaccord Genuity Corp.
Aleafia is a leading, vertically integrated cannabis health and wellness company. It owns three major cannabis product & cultivation facilities, two of which are licensed and operational, including the first large-scale outdoor cultivation facility in Canada. The company produces a diverse portfolio of commercially proven, high-margin derivative products including oils, capsules and sprays. Aleafia Health operates the largest national network of medical cannabis clinics and education centres staffed by MDs, nurse practitioners and educators.
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