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Aleafia Health Obtains Creditor Protection to Pursue Restructuring and Sale Process

KSV Advisory featured in the Financial Post article "Aleafia Health Obtains Creditor Protection to Pursue Restructuring and Sale Process I Globe Newswire I Financial Post I July 25, 2023"

"The Initial Order provides for, among other things: (i) a stay of proceedings in favour of the Aleafia Group; (ii) the approval of debtor-in-possession financing (“DIP Financing”) in accordance with the DIP Term Sheet (as described below); and (iii) the appointment of KSV Restructuring Inc. as monitor of the Aleafia Group (in such capacity, the “Monitor”). The DIP Loan (as described below) is anticipated to fund the operations of the Aleafia Group in the ordinary course through the duration of the CCAA proceedings."