Business
Alternate Health Provides Update on Financing Agreement
Alternate Health Provides Update on Financing Agreement.
About this update from Alternate Health Corp
[{"type":"text","content":"\n\n\n\nAlternate Health Provides Update on Financing Agreement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAlternate Health Provides Update on Financing Agreement\nCanada NewsWire\nTORONTO, June 17, 2019\n\n\n\nTORONTO, June 17, 2019 /CNW/ - Alternate Health Corp., (\"Alternate Health\" or the \"Company\") (CSE:AHG) (OTCQB:AHGIF), an international leader in hemp-derived CBD extraction, product development and distribution, announced today that the Company would like to provide an update on a financing facility agreement previously announced last Friday.\n\n \n \n\n \nAgreement UpdateOn June 17, 2018, Alternate Health issued a press release announcing that the Company had reached an agreement with Alpha Blue Ocean for a $5 million financing facility. Alternate Health expects the first tranche, as outlined in the agreement, to close within the next 10 business days. Further information on the financing terms can be found in the subscription agreement posted today on SEDAR. \nAbout Alternate Health\nAlternate Health (CSE: AHG, OTCQB: AHGIF) is an international leader in the CBD industry, including extraction, product development and distribution. Alternate Health recently announced that it is acquiring Blaine Labs Inc., a Company that is a leader in cGMP medical product manufacturing and distribution, with over 50 product SKUs available from major retailers, including Walmart, Amazon, CVS and Walgreens. Alternate Health's industry-leading software systems provide the platform for the Company's diverse operations, including CBD product distribution, hemp-derived extract manufacturing, blockchain tax collection systems and electronic medical records (EMR) platforms. Alternate Health's corporate office is located in Toronto, Canada, with additional offices in Venice, California, and San Antonio, Texas. The Company is well positioned to reinvest internal operating cash flow in its platform and product development over the long term, creating an attractive investment profile for its shareholders. For more information about Alternate Health Corp., visit www.alternatehea...