Aleafia Health Establishes At-the-Market Equity Program

Published: June 10, 2021

Aleafia Health Establishes At-the-Market Equity Program

Aleafia Health Inc. 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 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.

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.

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