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Aleafia Health Launches Premium Cannabis Brand Nith & Grand
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Aleafia Health Poised for Successful Outdoor Cultivation Season
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Vertically integrated cannabis company Aleafia Health Inc. (TSX:AH) (OTCQX:ALEAF) is poised to raise up to $30 million through the newly established at-the-market equity program.
The Toronto-based company is looking to sell its common shares to the public from time to time, at the prevailing market price when issued on the Toronto Stock Exchange.
Cantor Fitzgerald Canada Corporation was named sole agent.
The sale of the company’s common shares through the ATM program is effective until June 20, 2023.
Aleafia said it will utilize the proceeds to fund growth opportunities and working capital initiatives.
The company already raised some $22.7 million earlier this year via the bought deal offering of its 27.39 million units at 83 cents per unit.
Cannabis wellness company Aleafia Health Inc. (TSX:AH) (OTCQX:ALEAF) has completed its first shipment of signature THC cultivar Sour Kush to Germany.
The Toronto-based company has successfully exported its dried flower grown at its Niagara greenhouse facility to one of Europe’s major medical cannabis markets.
Geoffrey Benic, CEO of Aleafia Health, called the move “an incredibly important breakthrough.”
Aleafia also confirmed two additional orders to Australia, posied to take place in June, as the company successfully secured import and export permits.
“The investments we’ve made in the highest levels of global regulatory compliance are just now beginning to pay dividends as we gain access to the largest medical cannabis market in the world,” Benic disclosed.
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