Alefia to Acquire Emblem Corp for $173 Million Stock Deal
Alefia Health Inc. (TSXV: ALEF) announced that the company has definitively agreed to acquire all of the current and outstanding shares of Emblem Corp (OTCQX: EMMBF) for $173 million in Alefia shares. Each Emblem Corp shareholder will receive 0.8377 of an Alefia share per share of Emblem. The current expected percentage of ownership in Alefia by Emblem common shareholders expected to be 41% with an Alefia shareholder majority of 59% ownership.
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This acquisition of the two companies, after the successful integration and the combination of both entities, will result in Canada’s largest network of medical cannabis clinics and education centers. The annual yield of the finished and fully combined Alefia is estimated to be at 138,000kg.
“Emblem’s product leadership in the medical and adult-use sectors and highly coveted supply agreements will perfectly complement Aleafia’s cannabis production and clinic operations. This is a transformative transaction that positions Aleafia as a global cannabis leader,” said Alefia Chief Executive Officer, Geoffrey Benic.
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Alefia to Acquire Emblem Corp for $173 Million Stock Deal
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