Aleafia Health Inc (fka ALEAF)

[xray168]

I am fine with the bought deal. It's not like the company is going to need to relentlessly sell the shares.

https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/bought-deal/

Its over worth and dilution has already transferred so its retail that is dumping if anything. Where will these guys sell the shares?

--The Company has agreed to grant the Underwriter an over-allotment option (the "Over-Allotment Option"), solely for market stabilization and overallocation purposes, to purchase up to an additional 15% of the Units at the Issue Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, the Company will receive an additional $2,241,000 in gross proceeds for total aggregate gross proceeds of $17,181,000.

-- Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $1.05, for a period of 24 months following the closing of the Offering.