Aleafia Health Inc. (ALEAF) Stock Consolidates After The Recent Fall: What to Do?

Aleafia Health Inc. (OTCMKTS:ALEAF) is trading with a mild fall in the opening session on Tuesday. The stock is down almost 10%  so far this year.

Market Action

As of 10:20, ALEAF stock is down by 4.44% at $0.333. The stock has traded 89k shares compared to its average volume of 196k shares.  The stock opened at $0.34 and moved in a range of $0.3326 – 0.3500.

Major Trigger:

Aleafia Health Announces Results of Annual General Meeting

Key Highlights:

  • announce the results of the vote on the election of directors at its annual meeting of shareholders held on June 28, 2021 (the “Meeting”). All seven nominees set out in the management information circular of the Company dated May 20, 2021 were elected to the board of directors (the “Board”) of the Company.
  • The Company welcomes two newly elected independent directors, Ian Troop and Michael LeClair. Mr. LeClair is an experienced director in the for-profit and not-for profit sectors in Canada and strategic advisor with an extensive senior leadership background in corporate finance, private equity and mergers & acquisitions. He currently serves as the chair of the board of independent trustees of Centurion Financial Trust, and as a member of the board and audit committee chair of a publicly traded natural food company. Previously, Mr. LeClair was a managing director of the private debt group for TSX listed Integrated Asset Management, a leader in the alternative investment sector with $2.4 billion in assets under management at that time.
  • Mr. Troop is a seasoned executive and business leader in the for-profit and not-for-profit sectors in Canada and globally. His career is highlighted by 20 years at Procter & Gamble leading business divisions in Mexico, Poland and North America. He was the CEO of the successful 2015 Parapan American Games hosted in Toronto, which remains the largest sporting event in Canadian history. Mr. Troop was appointed as Operating Advisor to the private equity group of OMERS, one of Canada’s largest pension funds.

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