Aleafia to repay $25 million of convertible debentures with cash

By Cady Vishniac

Detroit, Jan. 5 – Aleafia Health Inc. will pay its $25 million of 8% convertibles with cash when the notes mature on Feb. 2, according to a press release.

The convertibles were issued by Emblem Corp., which Aleafia acquired in March 2019.

The company, which has no other significant senior secured debt, expects that the repayment will reduce its annual interest expenses by $2 million.

Aleafia Health is a Toronto-based cannabis health and wellness company.

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