Gowling WLG advises Aleafia on its business combination with Canabo Medical, CDN$30-million brokered private placement and TSXV listing

2 minute read
26 March 2018

On March 26, 2018, Aleafia Inc. completed its business combination with Canabo Medical Inc. to form Aleafia Health Inc.

In connection with the business combination, Aleafia has completed a brokered private placement of approximately CDN$30-million on March 1, 2018. The private placement was co-led by Mackie Research Capital Corp., Canaccord Genuity Corp. with a syndicate including Clarus Securities Inc. and PowerOne Capital Markets Limited.

Aleafia Health operates Canada’s largest nationwide network of medical cannabis clinics and is the owner of Aleafia Farms Inc., a licensed producer under the Health Canada Access to Cannabis for Medical Purposes Regulations (ACMPR). The combined company is listed on TSX Venture Exchange (TSXV) listing under the symbol “ALEF” and features a management team including the Hon. Julian Fantino, former Chief of the Toronto, York and London Police Departments, Commissioner of the Ontario Provincial Police and Minister of Veterans Affairs, Associate Minister of National Defence and Minister for International Cooperation and Raf Souccar, former Deputy Commissioner of Federal and International Policing of the Royal Canadian Mounted Police and a member of Prime Minister Trudeau’s Marijuana Legalization Task Force.

Gowling WLG advised Aleafia with a team that included Shawn Blundell.

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