Aleafia Inc. Completes $30 Million Private Placement of Subscription Receipts

March 01, 2018

Aleafia Inc. completed a private placement of subscription receipts for aggregate gross proceeds of $30,213,750. Aleafia is the operator of the Aleafia Total Health Network which provides an interconnected medical services model for cannabinoid therapy and also owns 100% of 755064 Ontario Inc., a licensed producer under the ACMPR. The offering was completed in connection with Aleafia’s proposed business combination with Canabo Medical Inc. (TSXV: CMM), the owner and operator of Cannabinoid Medical Clinics, Canada’s largest physician led referral-only clinics for medical cannabis.

Mackie Research Capital Corporation acted as lead agent and sole bookrunner in respect of the offering together with a syndicate that included Canaccord Genuity Corp., Clarus Securities Inc. and PowerOne Capital Markets Limited.

Wildeboer Dellelce LLP acted for the agents in connection with the Offering with a team comprised of Jeff Hergott, Michael Rennie, Amir Torabi, Carlye Bellavia and Joel Fraser (corporate/securities).