Alternate Health Announces Private Placement Closing

Published: December 10, 2018

Alternate Health Announces Private Placement Closing

Alternate Health Corp., an international leader in technology solutions for the regulated cannabis industry, announced today that the Company has closed a non-brokered private placement of 12,739,000 common shares at a price of CAD$0.40 per common share for aggregate gross proceeds of CAD$5,095,000. The common shares are subject to a four month and one day hold period in accordance with Canadian securities laws.

“We are extremely pleased to have completed this private placement for our expansion of our technology in the lucrative cannabis distribution market,” says Dr. Michael Murphy, Chairman and CEO of Alternate Health. “Alternate Health is focused on generating revenue from our technology assets as we expand across key markets.”

The funds will support Alternate Health’s distribution and product development activities in addition to being used for general working capital purposes.