Client work
Aleafia Health expands outdoor cannabis facility in Port Perry; sells unused property in Brant
1
On September 3, 2019, Aleafia Farms Inc., a wholly owned subsidiary of Aleafia Health Inc. (TSX: ALEF) (OTC: ALEAF) (FRA: ARAH), acquired the farmland directly adjacent to its Port Perry Outdoor Grow facility. The purchase will allow Aleafia Health to commence its Outdoor Grow Phase II expansion, adding an additional 60 acres of cannabis cultivation area, for a total of 86 acres. The cash purchase price was $1.2 million.
Previously on August 28, 2019, Aleafia Health's wholly owned subsidiary, Emblem Corp., completed the sale of an unused 43-acre property, located at 539 Paris Road in Brant for net cash proceeds of $8.2 million.
Gowling WLG was counsel to Aleafia Health in these transactions with a team that included Jason Saltzman (corporate) and Manuel Martins (real estate), assisted by law clerk Linda Szabatin.
NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.
We’re here to help, feel free to reach out to us
Contact us