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Alternate Health Secures $20 Million in Debt Financing for Expansion of California Cannabis Operations
Alternate Health Secures $20 Million in Debt Financing for Expansion of California Cannabis Operations.
About this update from Alternate Health Corp
[{"type":"text","content":"\n\n\n\nAlternate Health Secures $20 Million in Debt Financing for Expansion of California Cannabis Operations\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.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\nAlternate Health Secures $20 Million in Debt Financing for Expansion of California Cannabis Operations\nCanada NewsWire\nSAN ANTONIO, TX, Nov. 8, 2018\n\n\n\nSAN ANTONIO, TX, Nov. 8, 2018 /CNW/ - Alternate Health Corp., (\"Alternate Health\" or the \"Company\") (CSE:AHG) (OTCQB:AHGIF), an international leader in technology solutions for the regulated cannabis industry, announced today that the Company has signed a binding letter of intent with Agincourt Ventures, LLC to secure funding of $20 million, structured as a debt finance and limited stock purchase agreement, with the option to increase the total financing in the future with an additional note.  \n\n \n \n\n \n\"This agreement solidifies our financial position as we aggressively expand into California's lucrative adult-use cannabis industry,\" says Dr. Michael Murphy, Chairman and CEO of Alternate Health. \"We are eager to move forward, equipped with the financial power to secure inventory from cultivators, acquire revenue-producing assets and expand our licensed distribution and extraction facilities.\"\nCapturing the California Market\nOn October 17, 2018, Alternate Health announced that the Company had obtained permits for cannabis manufacturing, distribution, cultivation, and processing, and leased a 14,800 square foot facility in Humboldt County, California. With stricter state regulation coming into effect in January 2019, Alternate Health sees a unique opportunity to acquire assets, inventory and significant market share from \"grey ma...