MediLeaf Leaf:TSX Time To Accumulate Before The Next Leg Up

Leaf is preparing for its turn to run up ... 
We have a small float of 94.8 Million shares vs other high flyer cannabis shares

because today CMED,ACB, rallied...LEAF IS OverDue To Rally Again!

The Two Underwriters will have a great deal to justify if they pay 26.50 per share and the price is at $24.10...I will predict that LEAF WILL RALLY BEYOND the $26.50 just because the underwriters NEED to justify $132.5-million raised at $26.50

The offering below is expected to close on or about Jan. 31, 2018,

2018-01-09 10:40 ET - News Release

Mr. Dennis Fong reports

MEDRELEAF CORP. ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED OFFERING

Medreleaf Corp. has entered into a revised agreement with a syndicate of underwriters co-led by Canaccord Genuity Corp. and GMP Securities LP, pursuant to which the underwriters will purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of five million units of the company at a price of $26.50 per unit for aggregate gross proceeds of $132.5-million.

Each unit will consist of one common share and one-half of one common share purchase warrant of the company. Each warrant will be exercisable to acquire one common share of the company for a period of two years following the closing date of the offering at an exercise price of $34.50 per common share, subject to adjustment in certain events. In the event that the volume-weighted average trading price of the common shares for 10 consecutive trading days exceeds $51.75, the company shall have the right to accelerate the expiry date of the warrants upon notice of not less than 15 trading days.