Aleafia Health Closes $10M Credit Facility, Improves Financial Flexibility To Continue Sales Growth

Aleafia Health Inc. (TSX: AH) (OTCQX: ALEAF) has raised $10 million to pursue accretive growth opportunities.

Based in Toronto, the company announced Monday the closing of a senior secured term, non-revolving credit facility, which carries a 12-month term, with an option for early repayment and accrues interest at a rate of 12% annually.

Aleafia granted 1 million of its common share purchase warrants to the lender as part of the consideration for the credit facility.

Each warrant gives the holder the right to purchase one of Aleafia’s common shares …

Full story available on Benzinga.com

More Aleafia Health Closes $10M Credit Facility, Improves Financial Flexibility To Continue Sales Growth