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.

Recent News

View All News Items

Latest Article

How Britney Guerra Transitioned from Cannabis Activist to Running a Legal Retail Store

How Britney Guerra Transitioned from Cannabis Activist to Running a Legal Retail Store

Britney Guerra is a businessperson and cannabis activist who has seen the industry’s transition from prohibition to a legal and regulated industry that contributes to the Canadian economy. She began her career in Vancouver, working as an advertising manager for Cannabis Culture, an online magazine for the cannabis subculture. Today, she is the general manager of Brant Cannabis, a retail store in Brantford, ON, focused on selling quality products plus educating customers and the community on the drug’s many benefits.

Read Article