2019-06-26 02:31 ET - Warrants Called to Trade

The Toronto Stock Exchange reports that Aleafia Health Inc.'s common share purchase warrants will be listed and posted for trading at the open on June 27, 2019. According to the TSX, there will be up to 27.37 million warrants issued, and the warrants will trade under the symbol ALEF.WT and Cusip No. 01444Q 12 0.

As stated in its short form prospectus dated June 20, 2019, the company has arranged a $40.25-million public offering of units, with each unit consisting of one debenture in the minimum principal amount of $1,000 and 680 common share purchase warrants. The company expects to close the offering before the open on June 27, 2019, and the units will separate immediately upon the closing.

According to the TSX, the warrants will be exercisable at $1.55 per share. They will expire on June 27, 2022, provided that if, at any time before the expiry date, the volume weighted average trading price of the company's shares on the TSX is greater than $3.10 for 20 consecutive trading days, the company may, within 15 days of the occurrence of such an event, deliver a notice to the warrantholders that it will accelerate the expiry date to the date that is 30 days following the date of such notice.

The TSX has issued a separate bulletin regarding the listing of the debentures issued under the offering.