TORONTO, June 19, 2018 (GLOBE NEWSWIRE) -- Aleafia Health Inc. (TSXV:ALEF) (“Aleafia”) is pleased to announce that, pursuant to the previously announced memorandum of understanding (“MOU Aleafia Health will use commercially reasonable efforts to obtain the necessary approvals to list the Convertible Debentures, Warrants, and the Common Shares issuable upon conversion of the Aleafia Health Inc is a vertically integrated cannabis health and wellness company which owns three cannabis product and cultivation facilities where it produces a diverse portfolio of commercially high-margin derivative products including oils, capsules and sprays. The company operates national network of medical cannabis clinics and has seen over 60,000 patients to date. The exercise price of the Series A Warrants will be $1.10 per common share. Aleafia Health. Aleafia Health Inc. (OTC: ALEAF) announced the full repayment in cash of its 8% unsecured convertible debt, which matured on February 2, 2021. Emblem Corp., which issued the Convertible Debt on February 2, 2018, was acquired by the Company on March 14, 2019. “Our team is excited to see continued Aleafia Health has been named the TMX Group’s 2019 TSX Venture 50 top performing company of the year amongst all 2,000 TSX Venture Exchange listed companies. The award was based on three equally weighted criteria, market capitalization growth, share price appreciated and trading volume. This is the first time a cannabis company has achieved top performing status. Honours Aleafia recently proposed an early exercise warrant program for up to 12,085,500 warrants, at an exercise price of $1.75 per warrant and an expiration date of September 27th, 2019. Cannabis Penny Stocks to Watch: Aleafia Health (TSXV:ALEF) (OTCQX:ALEAF) As consideration for the services provided by the investment banks, Aleafia has paid a cash commission of 6% as well as issued a combined 1,915,900 non-transferable broker warrants to the three banks. These broker warrants are exercisable into Aleafia Health common shares at $1.47 per share and expire on June 27, 2022. Get the latest stock price for Aleafia Health Inc. Purchase Warrants (AH.WT:ICX), plus the latest news, recent trades, charting, insider activity, and analyst ratings. As a result, if all Warrants are exercised during the Early Exercise Period, Aleafia expects it will: Receive gross proceeds of $21,149,625 through the exercise of up to 12,085,500 Warrants; Aleafia Health warrants to trade on TSX June 27. 2019-06-26 02:31 ET - Warrants Called to Trade. The Toronto Stock Exchange reports that Aleafia Health Inc.'s common share purchase warrants will be listed and posted for trading at the open on June 27, 2019. According to the TSX, there will be up to 27.37 million warrants issued, and the warrants will trade under the symbol ALEF.WT and Cusip No
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