fbpx
QQQ
+ 7.05
312.29
+ 2.21%
DIA
+ 4.00
336.23
+ 1.18%
SPY
+ 6.32
403.85
+ 1.54%
TLT
+ 1.27
134.54
+ 0.94%
GLD
+ 1.54
169.61
+ 0.9%

Aleafia Health Raises More Than $22M Via Unit Sale

March 9, 2021 7:55 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Aleafia Health Raises More Than $22M Via Unit Sale

Aleafia Health Inc. (TSX:AH) (OTCQX:ALEAF) raised $22.7 million via a previously announced bought deal offering.

Under the offering, vertically-integrated Canadian cannabis company issued 27.39 million units of the company, with a price tag of 83 cents for gross proceeds of $22.7 million, counting a partial exercise of the over-allotment option.

Cantor Fitzgerald Canada Corp. was named the lead underwriter and the only book-runner for the offering. The remaining underwriters included Echelon Wealth Partners Inc. and Mackie Research Capital Corp.

Under the offering, each unit is comprised of one company’s share and one-half of one share purchase warrant. Each warrant enables the owner to buy one share at a price of $1.05 in the next two years upon closing the offering.

Warrants issued under the offering should start trading on the Toronto Stock Exchange under the ticker symbol “AH.WT.B.”

Aleafia plans to utilize the collected net proceeds to support various development and working capital projects.

 


Related Articles

The Week In Cannabis: Trulieve's $2.1B Acquisition, New ETF, Earnings, Federal Legalization And More

In a week of big M&A news and mixed earnings reports, cannabis stocks traded mostly down. read more

Cannabis Stock Gainers And Losers From May 12, 2021

GAINERS: Canada House Wellness (OTC: SARSF) shares closed up 26.49% at $0.03 read more

Cannabis Stock Gainers And Losers From May 11, 2021

GAINERS: Claritas Pharmaceuticals (OTC: KALTF) shares closed up 35.6% at $0.03 read more

Cannabis Stock Gainers And Losers From May 10, 2021

GAINERS: Intec Pharma (NASDAQ: NTEC) shares closed up 17.18% at $4.16 read more