Sept 25 (Reuters) - Aleafia Health Inc ALEF.V :
* ALEAFIA HEALTH - ENTERED LOI TO ACQUIRE A 51 PER CENT STAKE IN ONE PLANT, AN ADULT-USE CANNABIS RETAIL OPERATION LED BY MEMBERS OF SERRUYA FAMILY
* ALEAFIA HEALTH INC - ALEAFIA AND SERRUYA FAMILY WILL ESTABLISH A NEW CORPORATION FOR JV THAT WILL BE OWNED 51% BY ALEAFIA AND 49% BY SERRUYA FAMILY
* ALEAFIA HEALTH INC - ALEAFIA WILL PURCHASE ITS 51% STAKE IN JV COMPANY BY WAY OF ISSUANCE OF FIVE MILLION ALEAFIA SHARES TO SERRUYA FAMILY
* ALEAFIA HEALTH - CO WILL ALSO CONTRIBUTE TO JV $5 MILLION IN CASH AND CANNABIS PRODUCT ON INDUSTRY STANDARD WHOLESALE PRICING, AMONG OTHERS