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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Aleafia Health Inc    ALEF   CA01444Q1046

ALEAFIA HEALTH INC

(ALEF)
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Aleafia Health : Announces Election of Directors

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06/18/2019 | 12:17pm EDT

TORONTO, June 18, 2019 (GLOBE NEWSWIRE) -- Aleafia Health Inc. (the “Company”) (TSX: ALEF) (OTC: ALEAF) (FRA:ARAH) is pleased to announce the results of the vote on the election of directors at its annual and special meeting of shareholders held on June 17, 2019 (the “Meeting”). On a vote conducted by ballot, all seven nominees set out in the management information circular of the Company dated May 10, 2019 were elected as directors of the Company to hold office until the next annual meeting of shareholders or until their successors are elected or appointed.  The voting results based on the ballots cast are set out below.

NomineeVotes in FavourPercentage of
Votes Cast
Votes WithheldVotes Withheld
as a Percentage
of Votes Cast
Julian Fantino44,552,19796.05%1,834,4893.95%
Raf Souccar44,073,91595.01%2,312,7714.99%
Daniel Milliard46,090,20599.36%296,4810.64%
Mark Sandler46,083,67399.35%303,0130.65%
Loreto Grimaldi40,783,54787.92%5,603,13912.08%
William Stewart39,844,33485.90%6,542,35214.10%
Lea Ray46,083,01099.35%303,6760.65%

Final voting results on all matters voted on at the Meeting have been filed with the Canadian securities regulators on the Company’s SEDAR profile at www.sedar.com.

For Investor and Media Relations, please contact:

Nicholas Bergamini, VP, Public Affairs
416-860-5665
IR@AleafiaHealth.com
LEARN MORE: www.AleafiaHealth.com

About Aleafia Health:

Aleafia Health is a leading, vertically integrated cannabis health and wellness company with four primary business units: Cannabis Cultivation & Products, Health & Wellness Clinics, Cannabis Education, and Consumer Experience with ecommerce, retail distribution and provincial supply agreements.

Aleafia Health owns three major cannabis product & cultivation facilities, two of which are licensed and operational including the first large-scale outdoor cultivation facility in Canada. The Company produces a diverse portfolio of commercially proven, high-margin derivative products including oils, capsules and sprays. Aleafia Health operates the largest national network of medical cannabis clinics and education centres staffed by MDs, nurse practitioners and educators.

Innovation is at the heart of Aleafia Health competitive advantage. The Company maintains a medical cannabis dataset with over 10 million data points to inform proprietary illness-specific product development and its highly differentiated education platform FoliEdge Academy. The Company is committed to creating sustainable shareholder value and has been named the 2019 top performing company of the year by the TSX Venture Exchange prior to graduation to the TSX.

Forward Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian and United States securities laws. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained in this news release. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including risks contained in the Company’s annual information form filed with Canadian securities regulators available on the Company’s SEDAR profile at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking information included in this news release are made as of the date of this news release and the Company does not undertake any obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

Aleafia Health - Science Seeding Wellness

Source: Aleafia Health Inc.

2019 GlobeNewswire, Inc., source Press Releases

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Financials (CAD)
Sales 2019 16,2 M
EBIT 2019 -30,6 M
Net income 2019 -54,5 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 -
Capi. / Sales2019 17,3x
Capi. / Sales2020 1,73x
Capitalization 280 M
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Number of Analysts 2
Average target price 3,00  CAD
Last Close Price 1,02  CAD
Spread / Highest target 194%
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Spread / Lowest Target 194%
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Managers
NameTitle
Geoffrey M. Benic Chief Executive Officer
Julian Fantino Executive Chairman
Benjamin Ferdinand Chief Financial Officer
Gary Goodyear Director & President-Clinic Operations
Michael Verbora Director & Chief Medical Officer