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home / news releases / ALEAF - Aleafia Health to repay $25M convertible debenture with cash

ALEAF - Aleafia Health to repay $25M convertible debenture with cash

Aleafia Health Inc.
Aleafia Health (ALEAF) seeks to repay $25M in cash its 8% unsecured convertible debt, maturity on Feb.2, 2021 leading to a $2M reduction in annual interest expenses.Convertible Debt was issued by Emblem on Feb. 2, 2018 which was acquired by the company on Mar. 14, 2019.Currently, the company has no materially significant senior secured debt, and its facilities are fully unencumbered, providing further flexibility for additional financing if necessary.The company is in a position to eliminate near-term debt.

For further details see:

Aleafia Health to repay $25M convertible debenture with cash
Stock Information
Company Name: Aleafia Health Inc.
Stock Symbol: ALEAF
Market: OTC
Website: www.AleafiaHealth.com
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