Thursday, October 9, 2025

Latest

Aleafia Announces $13.0 Million Bought Deal Financing

Aleafia Health (TSX: ALEF) is the latest firm within the cannabis space to conduct a bought deal offering, announcing this morning that it would be conducting a $13.0 million financing. Eight Capital is the sole bookrunner on the capital raise.

The financing will see 20,000,000 units sold at a price of $0.65 per unit, with each unit consisting of one common share and one half warrant. Each warrant is valid for three years and contains an exercise price of $0.80 per common share. A 15% over-allotment option has also been granted that if exercised would bring the total value of the financing to $14.95 million.

Under the bought deal financing agreement, Aleafia Health has agreed to pay a cash fee to Eight Capital of 6.5%, in addition to providing compensation warrant coverage equal to 3.5% of the total units sold.

The financing is anticipated to close by May 29, with Aleafia indicating that it will use the funds for working capital and general corporate purposes.

Aleafia Health last traded at $0.76 on the TSX.


Information for this briefing was found via Sedar and Aleafia Health Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Aleafia Health Boots Benic As CEO, Names Tricia Symmes To Role

Aleafia Health (TSX: AH) is finally shaking up its management team after its financial struggles....

Tuesday, February 8, 2022, 07:44:50 AM

Red White & Bloom To Acquire Aleafia Health Assets Under CCAA Proceedings

Red White & Bloom Brands (CSE: RWB) has nearly acquired the former assets of Aleafia...

Thursday, October 12, 2023, 02:14:42 PM

Aleafia Health Announces $30 Million At The Market Financing

Aleafia Health (TSX: AH) this morning became the latest cannabis operator to announce an at-the-market...

Wednesday, June 9, 2021, 08:01:02 AM

Why Public Cannabis CFOs Need to Breakdown and Segment Their Accounts Receivables

Limited Disclosures Risk Signaling Poor Financial Health to Analysts and Investors The ‘accounts receivable to...

Sunday, November 24, 2019, 08:00:42 AM

Aleafia Health Reports Q1 2020 Revenues of $14.6 Million, Net Loss of $6.2 Million

Aleafia Health (TSX: ALEF) this morning reported its first quarter 2020 financial results, reporting net...

Wednesday, May 13, 2020, 08:50:29 AM