Alternate Health Corp., (CSE:AHG) (OTCQB:AHGIF), an international leader in technology solutions for the regulated cannabis industry, announced today that the Company has closed a non-brokered private placement of 12,739,000  common shares at a price of CAD$0.40 per common share for aggregate gross proceeds of CAD$5,095,000. The common shares are subject to a four month and one day hold period in accordance with Canadian securities laws.

“We are extremely pleased to have completed this private placement for our expansion of our technology in the lucrative cannabis distribution market,” says Dr. Michael Murphy, Chairman and CEO of Alternate Health. “Alternate Health is focused on generating revenue from our technology assets as we expand across key markets.”

The funds will support Alternate Health’s distribution and product development activities in addition to being used for general working capital purposes.

About Alternate Health

Alternate Health is an international cannabis company, focusing on technology and value-added services. Alternate Health’s industry-leading software systems provide the platform for the company’s diverse operations, including distribution and the first medial cannabis software portal approved by the Florida Department of Health.

Alternate Health’s corporate office is located in Toronto, Canada, with additional offices in Venice and Humboldt County, California and San Antonio, Texas. The Company is well positioned to reinvest internal operating cash flow in its platform and product development over the long term, creating an attractive investment profile for its shareholders. Alternate Health resides in the cannabis sector along with companies like GW Pharmaceuticals, AXIM Biotechnologies Inc., and Canopy Growth Corporation.