Aleafia Health Establishes At-the-Market Equity Program
09 Juni 2021 - 1:42PM
Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) (“
Aleafia
Health” or the “
Company”) is pleased to
announce that it has established an at-the-market equity program
(the “
ATM Program”). The ATM Program allows the
Company to issue and sell, at its discretion, up to $30,000,000 of
common shares in the capital of the Company (the “
Common
Shares”) to the public from time to time through Cantor
Fitzgerald Canada Corporation (the “
Agent”), as
sole agent, at the prevailing market price when issued, directly on
the Toronto Stock Exchange or any other recognized marketplace upon
which the Common Shares are listed or quoted or where the Common
Shares are traded in Canada.
The ATM Program will be effective until June 20,
2023 unless terminated prior to such date by the Company or the
Agent or otherwise in accordance with the terms of an equity
distribution agreement dated June 8, 2021 (the “Equity
Distribution Agreement”) between the Company and the
Agent. The Company intends to use the net proceeds from the ATM
Program, if any, for growth opportunities and working capital
initiatives.
Since the Common Shares will be distributed at
the prevailing market prices at the time of the sale, prices may
vary among purchasers and during the period of distribution. The
ATM Program is being established, and the sale of the Common Shares
through the ATM Program will be made pursuant to, and qualified
in Canada, by way of a prospectus supplement dated June 8,
2021 (the “Prospectus Supplement”) to the
Company’s short form base shelf prospectus dated May 19, 2021 (the
“Shelf Prospectus”). Further information regarding
the ATM Program, including related risk factors, are set out in the
Prospectus Supplement. The Prospectus Supplement, Shelf Prospectus
and Equity Distribution Agreement are available on SEDAR at
www.sedar.com. Alternatively, the Agent will send copies of the
Prospectus Supplement and the Shelf Prospectus to Canadian
investors upon request by contacting Cantor Fitzgerald Canada
Corporation, 181 University Avenue, Suite 1500 Toronto, Ontario M5H
3M7 or by email at CantorATM@cantor.com.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be
any sale of the securities in any state in which such offer,
solicitation or sale would be unlawful. The securities being
offered have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
United States Securities Act of 1933, as amended, and applicable
state securities laws.
For Investor & Media
Relations
Nicholas Bergamini, VP Investor Relations
1-833-879-2533IR@AleafiaHealth.com
Learn More
www.AleafiaHealth.com
About Aleafia Health
Aleafia Health is a vertically integrated and federally licensed
Canadian cannabis company offering cannabis health and wellness
services and products in Canada and with sales and operations in
Australia and Germany. The Company operates medical clinics,
education centres and production facilities for the production and
sale of cannabis.
Aleafia Health owns four significant licensed cannabis
production facilities, including the first large-scale, legal
outdoor cultivation facility in Canadian history. The Company
produces a diverse portfolio of commercially proven, high-margin
derivative products including oils, capsules, edibles, sublingual
strips, and vapes. Aleafia Health operates the largest national
network of medical cannabis clinics and education centres staffed
by MDs, nurse practitioners and educators and operates
internationally in three continents.
Forward Looking Information
This news release contains forward-looking
information within the meaning of applicable Canadian securities
laws. Forward-looking information includes, but is not limited
to, the ATM Program and any agreements with the Agent with
respect thereto, the anticipated offering of Common Shares under
the ATM Program and the anticipated use of proceeds from the ATM
Program, if any. Often, but not always, forward-looking information
can be identified by the use of words such as “plans”, “expects”,
“estimates”, “intends”, “anticipates”, or “believes” or variations
of such words and phrases or state that certain actions, events or
results “may”, “could”, “would”, “might” or “will” be taken, occur
or be achieved. Forward-looking information involves known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company or its
subsidiaries to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information contained in this news release. Risks,
uncertainties and other factors involved with forward-looking
information could cause actual events, results, performance,
prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information, including
risks contained in the Company’s annual information form filed with
Canadian securities regulators available on the Company’s SEDAR
profile at www.sedar.com. Although the Company believes that the
assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information and no assurance can be
given that such events will occur in the disclosed time frames or
at all. The forward-looking information included in this news
release are made as of the date of this news release and the
Company does not undertake any obligation to publicly update such
forward-looking information to reflect new information, subsequent
events or otherwise unless required by applicable securities
legislation.
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