Aleafia Health Inc. (TSXV:ALEF) entered into a non-binding term sheet to acquire 10% stake in CannaPacific Pty Ltd from Dennis Partners Pty Limited on November 2, 2018. On January 17, 2019, Aleafia Health Inc. signed an agreement to acquire 10% stake in CannaPacific Pty Ltd from Dennis Partners Pty Limited for $100. Under the agreement, Aleafia Health Inc. will acquire 100 shares. The transaction is subject to entering of definitive agreements, due diligence and approval by TSX Venture Exchange. TSX Venture Exchange consented to the investment on January 16, 2019. Completion will take place within five business days after the date of acceptance of offer. Aleafia Health Inc. (TSXV:ALEF) completed the acquisition of 10% stake in CannaPacific Pty Ltd from Dennis Partners Pty Limited for AUD 100 on January 17, 2019. Aleafia agreed to contribute to CannaPacific $0.15 million (AUD 0.21 million) in working capital in two tranches of $0.075 million (AUD 0.1 million) over a six month period.