TORONTO – Aleafia Health Inc. (TSX: AH) (OTC: ALEAF) (“Aleafia Health” or the “Company”), a world hashish well being and wellness firm, its subsidiary Emblem Cannabis Corporation (“Emblem”) and Aphria Inc. (“Aphria”) right now introduced the events entered right into a settlement settlement on June 25, 2020 (the “Settlement Agreement”) to resolve their excellent dispute in respect of the termination of the events’ wholesale hashish provide settlement (the “Supply Agreement”).

Under the phrases of the Settlement Agreement Emblem shall obtain whole consideration of C$29,100,000, comprised of C$15,500,000 money fee, the issuance of widespread shares of Aphria with an mixture market worth of C$10,000,000 that will likely be freely tradeable and transferable in Canada and waiver of claimed receivables. The events have additionally agreed to a mutual launch of all current and potential claims regarding the Supply Agreement, and to the dismissal of the arbitration proceedings that had beforehand been commenced.

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“The settlement agreement is fair and satisfactory to both parties, and allows Aleafia Health to move forward with a significantly strengthened balance sheet. With a substantial injection of value into our business, we can focus on our continued growth,” mentioned Aleafia Health CEO Geoff Benic.

This settlement ends any and all potential claims and litigation in opposition to and between Aphria, Emblem, and Aleafia Health regarding the Supply Agreement.


About Aleafia Health
Aleafia Health is a vertically built-in and federally licensed Canadian hashish firm providing hashish well being and wellness providers and merchandise in Canada and in worldwide markets. The Company operates medical clinics, training centres and manufacturing amenities for the manufacturing and sale of hashish.
Aleafia Health owns three important licensed hashish manufacturing amenities, together with the primary large-scale, authorized out of doors cultivation facility in Canadian historical past. The Company produces a various portfolio of commercially confirmed, high-margin spinoff merchandise together with oils, capsules and sprays. Aleafia Health operates the most important nationwide community of medical hashish clinics and training centres staffed by MDs, nurse practitioners and educators and operates internationally in three continents.
Innovation, the guts of Aleafia Health’s aggressive benefit, has led to the Company sustaining a medical hashish dataset with over 10 million knowledge factors to tell proprietary illness-specific product growth and its extremely differentiated training platform FoliEdge Academy. The Company is dedicated to creating sustainable shareholder worth; the TSX Venture Exchange named Aleafia the 2019 high performing firm previous to its commencement to the TSX.

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