Aleafia to expand network of cannabis clinics through friendly deal with Emblem
The Canadian Press
TORONTO — Aleafia Health Inc. announced a friendly deal to acquire Emblem Corp. in an all-share transaction valued at $173.2 million that will combine the companies’ two chains of medical cannabis clinics.
It is expected that existing Emblem shareholders will own approximately a 41.0 per cent stake in the combined company after the transaction, which values Emblem shares at about $1.21 based on closing stock prices for both companies on Tuesday.
The companies say the combination creates a network with access to 40 medical clinics and education centres under the Canabo Medical and GrowWise Health banners.