Press Releases

Aleafia Health Announces Agreement to Amend Convertible Debentures and Equity Financing of $5.6 Million

Aleafia Health Announces Agreement to Amend Convertible Debentures and Equity Financing of $5.6 Million

Transforms the company’s balance sheet with an equity financing to fund growth and a favourable resolution to amend the key commercial terms of the Convertible Debentures Provides $11.6 million[1] in additional liquidity to fund working capital and growth initiatives and finance the company attaining break-even Adjusted EBITDA profitability in 2022[2] Augments the refinancing profile extending […]

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Aleafia Health Provides Further Update on its Convertible Debt

Aleafia Health Provides Further Update on its Convertible Debt

Holders representing approximately 62% of total Debentures extend Forbearance Period until May 12, 2022 to allow negotiations to continue   TORONTO – April 27, 2022 – Aleafia Health Inc. (TSX: AH, AH.DB, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is providing a corporate update regarding its outstanding listed unsecured convertible debentures (TSX: AH.DB), issued on […]

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Aleafia Health Provides Further Update on its Convertible Debt

Aleafia Health Provides Further Update on its Convertible Debt

Holders representing approximately 62% of total Debentures extend Forbearance Period until April 26, 2022 to allow negotiations to continue   TORONTO – April 11, 2022 – Aleafia Health Inc. (TSX: AH, AH.DB, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is providing a corporate update regarding its outstanding listed unsecured convertible debentures (TSX: AH.DB), issued on […]

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Aleafia Health Implementing $6.7 Million in Annualized Cost Savings in 2022 and Reaffirms Guidance

Aleafia Health Implementing $6.7 Million in Annualized Cost Savings in 2022 and Reaffirms Guidance

$4.4 million annualized cost reductions being implemented in addition to $2.3 million announced in February 2022 Grimsby, Ontario cultivation organization realigned to support anticipated growth in product throughput Organizational realignment in the medical business to fully integrate the sales channels Core corporate shared services consolidated and leveraged across all sales channels Company operating leverage in […]

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Aleafia Health Provides Further Update on its Convertible Debt

Aleafia Health Provides Further Update on its Convertible Debt

Holders representing approximately 62% of total Debentures extend Forbearance Period until April 11, 2022 to allow negotiations to continue   TORONTO – March 29, 2022 – Aleafia Health Inc. (TSX: AH, AH.DB, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is providing a corporate update regarding its outstanding listed unsecured convertible debentures (TSX: AH.DB), issued on […]

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Aleafia Health Continues to Gain Share in Adult Use Cannabis Market and Drive International Sales Growth

Aleafia Health Continues to Gain Share in Adult Use Cannabis Market and Drive International Sales Growth

Reached new record market share overall adult use market share of 2.06% in February 2022, advancing 33% from 1.54% in November 2021(1) Continued ascent in overall market share rankings, up two more notches to 13th in February 2022 from 15th in November 2021 On the pathway towards a top 10 market share position by the […]

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Aleafia Health Provides Further Update on its Convertible Debt

Aleafia Health Provides Further Update on its Convertible Debt

Holders representing approximately 62% of total Debentures extend Forbearance Period until March 28, 2022 to allow negotiations to continue   TORONTO – March 16, 2022 – Aleafia Health Inc. (TSX: AH, AH.DB, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is providing a corporate update regarding its outstanding listed unsecured convertible debentures (TSX: AH.DB), issued on […]

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Aleafia Health Provides Further Update on its Convertible Debt

Aleafia Health Provides Further Update on its Convertible Debt

Holders representing approximately 62% of total Debentures extend Forbearance Period until March 14, 2022 to allow negotiations to continue   TORONTO – March 1, 2022 – Aleafia Health Inc. (TSX: AH, AH.DB, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is providing a corporate update regarding its outstanding listed unsecured convertible debentures (TSX: AH.DB), issued on […]

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Aleafia Health Reports Q4 2021 Financial Results with $11.5 Million Branded Cannabis Gross Revenue, representing a 103% Increase from 2020

Aleafia Health Reports Q4 2021 Financial Results with $11.5 Million Branded Cannabis Gross Revenue, representing a 103% Increase from 2020

Transforming business towards a branded cannabis provider, with branded revenue representing 80% of total net revenue in 2021 compared to 33% in 2020  96% increase in branded cannabis net revenue to $28.7 million in 2021 from $14.6 million in 2020   396% increase in adult-use net revenue to $16.0 million in 2021 from $3.2 million in […]

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Aleafia Health to Announce Fourth Quarter 2021 Results

Aleafia Health to Announce Fourth Quarter 2021 Results

TORONTO – February 8, 2022 – Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) will announce results from its three and 12-month periods ending December 31, 2021 on February 14, 2022. The Company will also host its earnings conference call on February 15 at 9:30 a.m. EST. The call will be […]

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Aleafia Health Appoints Tricia Symmes as CEO to Replace Geoffrey Benic

Aleafia Health Appoints Tricia Symmes as CEO to Replace Geoffrey Benic

TORONTO –February 7, 2022  – The Board of Directors of Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) today announced that CEO Geoffrey Benic will leave the Company, effective February 7, 2022.  To succeed Benic, the Board named Tricia Symmes, previously the Company’s Chief Commercial Officer (CCO), as the Company’s new […]

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Aleafia Health Provides Further Update on its Convertible Debt

Aleafia Health Provides Further Update on its Convertible Debt

Entered into Forbearance Agreement with Holders representing 58% of total Debentures Negotiating a potential transaction to amend the Convertible Debt terms for all debenture holders   TORONTO –  February 1, 2022 – Aleafia Health Inc. (TSX: AH, AH.DB, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is providing a corporate update regarding its outstanding listed unsecured […]

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Aleafia Health Provides Update on the Negotiation of its Convertible Debt

Aleafia Health Provides Update on the Negotiation of its Convertible Debt

TORONTO –  January 4, 2022 – Aleafia Health Inc. (TSX: AH, AH.DB, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is providing a corporate update regarding its outstanding listed unsecured convertible debentures (TSX: AH.DB), issued on June 27, 2019 and maturing on June 27, 2022 (the “Convertible Debt”). The Company has initiated negotiations with debenture holders […]

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Aleafia Health Announces Closing of a New $19 Million Credit Facility and Extension of Existing Credit Facility

Aleafia Health Announces Closing of a New $19 Million Credit Facility and Extension of Existing Credit Facility

Credit Facility provides the Company with liquidity to fund operations and organic growth initiatives Two-year term provides additional financial flexibility TORONTO – December 29, 2021 – Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is pleased to announce the closing of a credit facility of up to $19 million (the “Credit […]

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Aleafia Health Reports Q3 2021 Financial Results with 123% Increase in Cannabis Net Revenue

Aleafia Health Reports Q3 2021 Financial Results with 123% Increase in Cannabis Net Revenue

$9.6 million net revenue with an improved sales mix focused on the high-growth adult-use and recurring medical cannabis sales channels 2,044% y/y increase in adult-use cannabis net revenue 31% y/y increase in medical cannabis net revenue Top 10 in national market share in pre-rolls achieved subsequent to the reporting period1 Top 10 in national adult-use […]

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