Aleafia Health to Graduate to Toronto Stock Exchange
March 07 2019 - 3:08PM
Aleafia Health Inc. (TSXV: ALEF, OTC: ALEAF, FRA: ARAH)
(“
Aleafia Health” or the
“
Company”) announced today that the Company has
received conditional approval from the Toronto Stock Exchange
(“
TSX”) to graduate from the Toronto Venture
Exchange (“
TSXV”) and list its common shares on
the TSX under the symbol “ALEF”. Listing on the TSX is subject to
TSX final approval which is conditional upon the completion of the
Company’s previously announced acquisition of Emblem Corp. (TSXV:
EMC, OTCQX: EMMBF). In conjunction with listing on the TSX,
the common shares will be voluntarily delisted from the TSXV prior
to the commencement of trading on the TSX.
“The rapidly maturing cannabis industry is attracting greater
interest from institutional investors. A TSX listing will form an
important element of the Aleafia Health story as we aim to broaden
our shareholder base,” said Aleafia Health Chairman Julian Fantino.
“On behalf of our Board of Directors, I thank our staff, patients
and stakeholders for continued support and their role in this
substantial achievement.”
“Graduating to the TSX, one of the the world’s largest stock
exchanges, is a major milestone for Aleafia Health. Coming off the
heels of our recent recognition as the top performing company of
the year on the entire TSXV, this achievement further demonstrates
our executional capabilities and will enable us to address an even
wider investor audience, both domestically and internationally,”
said Aleafia Health CEO Geoffrey Benic.
LEARN MORE: www.AleafiaHealth.com/Invest
For Investor & Media Relations, please
contact:
Nicholas Bergamini, VP, Public
Affairs416-860-5665IR@AleafiaHealth.com
About Aleafia Health:
Aleafia Health, a vertically integrated, national cannabis
company, operates major medical clinic, cannabis cultivation and
R&D facilities. A federally licensed producer and vendor of
cannabis, the company has a planned and fully-funded annual
production capacity of 98,000 kg of dried cannabis flower. Aleafia
operates medical cannabis clinics staffed by physicians and nurse
practitioners, with over 50,000 patients. The company is highly
differentiated, maintaining the largest medical cannabis dataset in
the world.
Aleafia Health is committed to creating sustainable shareholder
value and has been named the 2019 top performing company of the
year by the TSX Venture Exchange.
FORWARD LOOKING INFORMATION
This news release includes statements containing certain
"forward-looking information" within the meaning of applicable
securities law ("forward-looking statements"). Forward-looking
statements are frequently characterized by words such as "plan",
"continue", "expect", "project", "intend", "believe", "anticipate",
"estimate", "may", "will", "potential", "proposed" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. These statements are only predictions.
Various assumptions were used in drawing the conclusions or making
the projections contained in the forward-looking statements
throughout this news release. Forward-looking statements are based
on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. The Company is under no obligation, and
expressly disclaims any intention or obligation, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable law.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/77c1d228-f9df-4528-968a-b3b2f733b05d
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