Aleafia Health Provides Corporate Update
May 20 2020 - 8:30AM
Aleafia Health Inc. (TSX: ALEF, OTC: ALEAF) (“
Aleafia
Health” or the “
Company”) is pleased to
announce that the board of directors (the “
Board”)
has elected an Acting Chair and reconstituted its committees
following the recent addition of Rhonda Lawson and Glenn Washer to
the Board.
The Board has elected Lea Ray to serve as Acting
Chair. Following the Company’s upcoming meeting of shareholders on
June 30, 2020, the Board expects to formally elect a new Chair of
the Board.
The Company also announced that, with Rhonda
Lawson and Glenn Washer joining the Board effective May 16, 2020,
the Board has reconstituted its committees as follows:
- the Audit Committee is composed of
Lea Ray (Chair), Daniel Milliard and Rhonda Lawson;
- the Governance Committee is
composed of Mark Sandler (Chair), Lea Ray and Loreto Grimaldi;
- the HR and Compensation Committee
is composed of Loreto Grimaldi (Chair), Rhonda Lawson and Glenn
Washer; and
- the Strategic Planning Committee is
composed of Daniel Milliard (Chair), Mark Sandler and Glenn
Washer.
“The Board is now entirely composed of
independent directors, aligning with our goal of continuing to
enact corporate governance best practices,” said CEO Geoffrey
Benic. “The addition of new skill sets added to the Board combined
with the redeployment of existing expertise and leadership across
the committees, will support our Company’s continued evolution and
growth.”
For Investor and Media Relations, please
contact:
Nicholas Bergamini, VP, Investor Relations
1-833-TSX-ALEF (879-2533) IR@AleafiaHealth.com LEARN MORE:
www.AleafiaHealth.com
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 in
international markets. The Company operates medical clinics,
education centres and production facilities for the production and
sale of cannabis.
Aleafia Health owns three significant licensed
cannabis production facilities, including the first large-scale,
legal outdoor cultivation facility in Canadian history. The Company
produces a diverse portfolio of commercially proven, high-margin
derivative products including oils, capsules and sprays. Aleafia
Health operates the largest national network of medical cannabis
clinics and education centres staffed by MDs, nurse practitioners
and educators and operates internationally in three continents.
Innovation, the heart of Aleafia Health’s
competitive advantage, has led to the Company maintaining a medical
cannabis dataset with over 10 million data points to inform
proprietary illness-specific product development and its highly
differentiated education platform FoliEdge Academy. The Company is
committed to creating sustainable shareholder value; the TSX
Venture Exchange named Aleafia the 2019 top performing company
prior to its graduation to the TSX.
Forward Looking Information
This news release contains forward-looking
information within the meaning of applicable Canadian and United
States securities laws. Often, but not always, forward-looking
information can be identified by the use of words such as “plans”,
“expects” or “does not expect”, “is expected”, “estimates”,
“intends”, “anticipates” or “does not anticipate”, or “believes” or
variations of such words and phrases or state that certain actions,
events or results “may”, “could”, “would”, “might” or “will” be
taken, occur or be achieved. Forward-looking information involves
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the
Company or its subsidiaries to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking information contained in this news release.
Risks, uncertainties and other factors involved with
forward-looking information could cause actual events, results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking information,
including risks contained in the Company’s annual information form
filed with Canadian securities regulators available on the
Company’s SEDAR profile at www.sedar.com. Although the Company
believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable,
undue reliance should not be placed on such information and no
assurance can be given that such events will occur in the disclosed
time frames or at all. The forward-looking information included in
this news release are made as of the date of this news release and
the Company does not undertake any obligation to publicly update
such forward-looking information to reflect new information,
subsequent events or otherwise unless required by applicable
securities legislation.