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- Aleafia Health (OTCQX:ALEAF) closed an ~$5.6M private placement, as part of which an aggregate of 68,151,515 units were issued at $0.0825 per unit.
- Each unit consisted of 1 common share and one-half of 1 common share purchase warrant.
- Each warrant is exercisable into 1 common share at $0.1025 until Jun. 24, 2026.
- The net proceeds from the private placement will be used to fund working capital and capital expenditures for the company's continued growth, and other general corporate purposes.
- Source: Press Release