Toronto, March 16, 2022 (GLOBE NEWSWIRE) — Aleafia Health Inc. (TSX: AH, AH.DB, OTCQX: ALEAF) (“Aleafia Health” or “society”) Provides a corporate update on issued listed unsecured convertible bonds (TSX: AH.DB) issued June 27, 2019 and maturing on June 27, 2022 (“).Convertible bonds“).
In addition to the announcements made by the Company on February 1, 2022 and March 1, 2022, a grace agreement between the Company and the holders of the convertible bonds, which is equivalent to approximately 62% of the total principal amount of the bonds. Has been extended until March 28th. 2022. The contract will automatically renew for the next 14 days unless the opposite advance notice is provided.
The parties will continue to work swiftly and honestly to negotiate potential transactions to modify the terms associated with convertible bonds. We cannot guarantee the results, but we believe that progress is being made towards solutions that are beneficial to our stakeholders.
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learn more: www.AleafiaHealth.com
About Aleafia Health:
Aleafia Health, a vertically integrated, federal-licensed cannabis company, owns and strategically owns three licensed cannabis production facilities, including the first large-scale legal outdoor cultivation facility in Canada’s history. All distribution centers located in Canada operate in Ontario. We produce a diverse portfolio of cannabis derivative products, including oils, capsules, edible, sublingual strips, and arcs for sale in the adult and medical markets in Canada, in selected international jurisdictions. Pursuing opportunities. We own and operate a virtual network of medical cannabis clinics with doctors and nurse practitioners.
Information about the future outlook
This news release contains information about the outlook in the sense of applicable Canadian and US securities laws. Often, but not always, information about future prospects is words such as “plan”, “expectation”, “estimation”, “intention”, “expectation”, “believe”, or variations of such words. Can be identified using. Certain actions, events, or consequences are “potential,” “potential,” “potential,” “potential,” or “potential,” occur, or achieved. A phrase or description that indicates that it will be done. Forward-looking information includes known and unknown risks, uncertainties, and other factors, and forward-looking statements or implied actual results, performance, or performance of the Company or its subsidiaries. It may differ significantly from future performance, performance, or performance. Information contained in this news release. Due to risks, uncertainties, and other factors related to forward-looking information, actual events, results, performance, outlooks, and opportunities include the risks contained in our annual information form. Information about the future outlook may differ materially from what is expressed or implied. Canadian securities regulators are available on our SEDAR profile at www.sedar.com. We believe that the assumptions and factors used in the preparation of information regarding the future outlook for this news release are reasonable, but such information should not be overly relied upon and the time disclosed. We cannot guarantee that such an event will occur within the frame. Jeez. The forward-looking information contained in this news release is current as of the date of this news release and we may reflect new information, subsequent events, or otherwise unless required by the relevant security. We undertake no obligation to publicly update such forward-looking information. legislation.
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Aleafia Health provides up-to-date information on Convertible Bonds, Canadian Business Journal
Source link Aleafia Health provides up-to-date information on Convertible Bonds, Canadian Business Journal