Aleafia Health Headed to the TSX Closes Emblem Acquisition
48Aleafia Health Headed to the TSX Closes Emblem Acquisition - MARCH 14, 2019 - RICH TV LIVE - Aleafia Health Inc.(TSXV: ALEF, OTC: ALEAF, FRA: ARAH) (“Aleafia Health”) and Emblem Corp. (TSXV: EMC, OTCQX: EMMBF) (“Emblem”) are pleased to announce that they have completed the previously announced plan of arrangement (the “Arrangement”) under the provisions of the Canada Business Corporations Act, pursuant to which, among other things, Aleafia Health has acquired all of the common shares of Emblem (the “Emblem Shares”) following Emblem’s amalgamation with Aleafia Health’s wholly-owned subsidiary, 11208578 Canada Inc., to form a new wholly-owned subsidiary of the Corporation continuing as “Emblem Corp.” (“Amalco”).
The Arrangement creates:
The leading Canadian medical cannabis clinic and education centre network with 60,000 patients seen to date
A high-value, highly differentiated product portfolio of oils, capsules and sprays
Scaled production capacity and leading supply with three dedicated cultivation and product innovation facilities and the industry’s largest LP to LP cannabis supply agreement
A national and global distribution platform with provincial supply agreements, retail partnerships and a global expansion
Improved capital markets profile and liquidity, including up-listing to the TSX
A combined entity with a robust cash position
The acquisition of Emblem rapidly accelerates the execution of Aleafia Health’s strategy and positioning as a vertically integrated, diversified cannabis company with an integrated, highly differentiated consumer ecosystem.
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