💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

BRIEF-Aleafia Health Inc. To Acquire Emblem Corp. To Create New Medical Cannabis Leader

Published 2018-12-19, 06:36 a/m
© Reuters.  BRIEF-Aleafia Health Inc. To Acquire Emblem Corp. To Create New Medical Cannabis Leader
AH
-

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.