Dec 19 (Reuters) - Aleafia Health Inc ALEF.V :
* ALEAFIA HEALTH INC. TO ACQUIRE EMBLEM CORP. TO CREATE NEW MEDICAL CANNABIS LEADER
* ALEAFIA HEALTH INC - DEAL FOR $1.21 PER EMBLEM SHARE
* ALEAFIA HEALTH INC - TRANSACTION CURRENTLY VALUED AT APPROXIMATELY $173.2 MILLION
* ALEAFIA HEALTH INC - DEAL CALLS FOR EMBLEM SHAREHOLDERS TO RECEIVE 0.8377 OF AN ALEAFIA COMMON SHARE IN EXCHANGE FOR EACH EMBLEM COMMON SHARE
* ALEAFIA HEALTH INC - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY EMBLEM'S SPECIAL COMMITTEE AND BOARD OF DIRECTORS.
* ALEAFIA HEALTH INC - EXPECTED THAT EXISTING ALEAFIA AND EMBLEM SHAREHOLDERS WILL OWN APPROXIMATELY 59.0% AND 41.0% OF ALEAFIA, RESPECTIVELY
* ALEAFIA HEALTH INC - ALEAFIA HAS ENTERED INTO SUPPORT AND VOTING AGREEMENTS WITH EACH OF EMBLEM'S DIRECTORS, EMBLEM'S CEO AND CFO
* ALEAFIA HEALTH INC - 2 INDEPENDENT DIRECTORS OF EMBLEM WILL BE APPOINTED TO SERVE ON BOARD OF DIRECTORS OF ALEAFIA
* ALEAFIA HEALTH INC - ALEAFIA AND EMBLEM CURRENTLY HAVE ACCESS TO A COMBINED CAD $69.9 MILLION IN CASH
* ALEAFIA HEALTH - ALSO ENTERED AGREEMENT WITH A HOLDER REPRESENTING 69.44% OF PRINCIPAL AMOUNT OF EMBLEM'S CONVERTIBLE DEBENTURES
* ALEAFIA HEALTH INC - AGREEMENT CALLS FOR EMBLEM SHAREHOLDERS TO RECEIVE 0.8377 OF AN ALEAFIA COMMON SHARE IN EXCHANGE FOR EACH EMBLEM COMMON SHARE