Emerald Health Therapeutics Inc. (TSXV: EMH) announced the closing today of its public offering announced on February 1 and 2, 2017. Pursuant to the Offering, the Company has issued 10,235,000 units (the “Units”) at a price per Unit of $1.35 (the “Offering Price”), for gross proceeds of $13,817,250. Dundee Capital Partners (the “Underwriter”) acted as underwriter for the Offering. The 10,235,000 Units issued include 1,335,000 Units issued and sold pursuant to the over-allotment option granted by the Company to the Underwriter, which was exercised in full.

Each Unit consists of one common share of the Company (a “Share”) and one-half of one common share purchase warrant (each full warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one Share at a price of $2.00 per Share for a period of 24 months following the closing of the Offering. In the event that the closing price of the Company’s Shares on the TSX Venture Exchange is greater than $2.50 per Share for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after such notice is given.

Emerald issued to the Underwriter a total of 307,050 compensation options in connection with the Offering. Each such compensation option entitles the holder to acquire a Unit at a price of $1.35 per Unit for a period of 24 months following the closing of the Offering.

The Company intends to use the net proceeds of the Offering to accelerate facility expansion and for working capital and general corporate purposes.

The Units were offered by way of a base shelf prospectus and a shelf prospectus supplement (together, the “Prospectus”) filed in all of the provinces of Canada, except Quebec.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.

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