OTCQX Best Market to provide Aleafia with
increased exposure and accessibility to an expanding U.S. and
global shareholder base
TORONTO, June 13, 2018 /CNW/ - OTC Markets Group Inc.
(OTCQX: OTCM), operator of financial markets for 10,000 U.S. and
global securities, today announced Aleafia Health Inc. (TSX-V:
ALEF; OTCQX: ALEAF), a Canadian vertically integrated medical
cannabis company, has qualified to trade on the OTCQX® Best
Market.
OTCQX provides Aleafia with exposure to both institutional and
retail investors through major online and full-service brokerage
firms. Trades are settled and cleared in the United States similar to any NASDAQ or
NYSE stock, and trade reports are disseminated through major
financial data providers.
The OTCQX Best Market is the highest tier of the OTC markets
reserved for established, investor-focused U.S. and international
companies. To qualify for the OTCQX market, companies must meet
high financial standards, follow best practice corporate
governance, demonstrate compliance with U.S. securities laws, be
current in their disclosure, and have a professional third-party
sponsor introduction. The companies found on OTCQX are
distinguished by the integrity of their operations and diligence
with which they convey their qualifications.
Aleafia Health begins trading today on OTCQX under the symbol
"ALEAF." U.S. investors can find current financial disclosure and
Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Aleafia Health to the OTCQX Best
Market," said Jason Paltrowitz,
Executive Vice President of Corporate Services at OTC Markets
Group. "Aleafia Health joins more than 25 Canadian companies that
upgraded to the OTCQX market thus far this year. We look forward to
supporting the company as it continues to build its visibility
within the U.S. market."
"American investors can now embark on Aleafia's journey of rapid
growth. Trading on the OTCQX Best Market is an important milestone
for Aleafia which will provide greater exposure, accessibility and
liquidity for our current and potential shareholder base," stated
Julian Fantino "From 'seed to sale,'
Aleafia takes a patient-first, physician-led and research-driven
approach to medical cannabis care," said Fantino. Fantino
previously served as former Government of Canada Cabinet Minister
and is the current Executive Chairman of Aleafia Health.
"With more than 20 clinics nationwide, over 40,000 patients
since inception, and with a fully funded 317,000 sq. ft of modern
fully automated production space coming online, this translates to
over 38,000 kg of annual growing capacity by the end of 2019. As a
result, Aleafia is uniquely positioned for success," said Raf
Souccar, former Deputy Commissioner of the Royal Canadian Mounted
Police and current President and CEO of Aleafia Health. Mr. Souccar
also served on current Canadian Prime Minister Justin
Trudeau's marijuana legalization task force.
Aleafia Health was sponsored for OTCQX by J.P. Galda & Co.,
a qualified third-party firm responsible for providing guidance on
OTCQX requirements and recommending membership.
About Aleafia Health Inc.
Aleafia Health Inc.
(www.aleafiainc.com) is one of Canada's leading, vertically integrated
medical cannabis companies with a unique patient-focused, medical
cannabis healthcare solution. Led by a distinguished and
experienced corporate leadership team, Aleafia Health Inc. is
pioneering a patient-centric experience that includes personalized
services before, during and after treatment. Aleafia's 22 cannabis
clinics are staffed by licensed, practicing physicians.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture
Market and the Pink® Open Market for 10,000 U.S. and global
securities. Through OTC Link® ATS and OTC Link ECN, we connect
a diverse network of broker-dealers that provide liquidity and
execution services. We enable investors to easily trade
through the broker of their choice and empower companies to improve
the quality of information available for investors.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are operated by OTC Link LLC,
member FINRA/SIPC and SEC regulated ATS.
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SOURCE Aleafia Inc.