Aleafia definition
Examples of Aleafia in a sentence
Prior to entering into a definitive arrangement agreement, the disinterested members of the board of directors of Aleafia will engage a financial advisor to provide Aleafia with an opinion stating that the consideration offered pursuant to the Letter Agreement and subsequent definitive arrangement agreement is fair, from a financial point of view to the holders of Aleafia common shares and, if required pursuant to MI 61-101, Aleafia will obtain a formal valuation from an independent valuator.
Also concurrent with the execution of the Letter Agreement and upon receipt of the RGR Advance, RWB will enter into an agreement to advance to Aleafia an amount equal to $1.5 million under the Aleafia Senior Secured Loan Agreement.
Pursuant to the Letter Agreement, within 30 days of the Letter Agreement, RWB and Aleafia will negotiate in good faith a credit facility to be provided by RWB to Aleafia of $17.5 million (the “RWB Credit Facility”).
Aleafia is a “reporting issuer” in each of the provinces and territories of Canada and is not on the list of reporting issuers in default under applicable Securities Laws in any of the provinces or territories of Canada.
The Committee will continue to independently assess the Proposed Transaction through to closing, including upon completion of diligence and receipt of the fairness opinion, to ensure that Aleafia security holders’ interests are protected.
If the aggregate number of RWB Shares to which a security holder of Aleafia would be entitled would include a fractional share, then the number of RWB Shares that such security holder of Aleafia will be entitled to receive will be rounded down to the next whole number and no former security holder of Aleafia will be entitled to any consideration or compensation in respect of such fractional RWB Shares.
Section [●] of the Aleafia Disclosure Letter sets forth all fees and expenses payable to the Financial Advisor by Aleafia or any of its Subsidiaries in connection with the transactions contemplated hereby.
There are no contracts, commitments, agreements, understandings, arrangements or restrictions which require any subsidiaries of Aleafia to issue, sell or deliver any securities or other ownership interests, or any securities or obligations convertible into or exchangeable for, any securities or other ownership interests.
Aleafia and its subsidiaries limit the collection, use, disclosure and processing of personal information to the scope of the consent collected and or the contractual agreements in place governing the collection, use or disclosure of such personal information.
The issued and outstanding common shares of Aleafia Parent are listed and posted for trading on the TSXV and Aleafia Parent is in compliance in all material respects with the rules and regulations of the TSX.