Aleafia Also Provides Update on the Status of its Port Perry Outdoor Grow & Fully Automated Niagara Greenhouse
Aleafia Health (TSX: ALEF) (OTCQX: ALEAF) announced this morning that its wholly-owned subsidiary Emblem Cannabis has completed the company’s largest-ever single adult-use cannabis order. Aleafia expects to generate over $1 million from the new order which has already been shipped to the Canadian provincial government for online and retail distribution.
The company’s record order includes 17 SKUs in every one of its product formats.
“Our largest cannabis sale to date again points to the consistent, upwards trajectory of Aleafia Health as we grow and refine our vertically integrated production supply chain across three facilities,” said Aleafia Health CEO Geoffrey Benic.
Aleafia proudly reported that the company’s average monthly gross revenue from cannabis sales now officially exceeds all of 2018’s revenue. Today’s news further solidifies Aleafia’s place amongst Canada’s top licensed producers (LP).
“Aleafia Health will continue its relentless focus on increasing product supply, allowing for the global scale of our cannabis health and wellness ecosystem,” said Benic. “We are delighted with the significant increase in cannabis sales to date, including a recent major increase in registered medical patients and product sales.”
Aleafia Updates on Outdoor Grow & Niagara Greenhouse
In addition to the company’s record cannabis order, Aleafia provided investors with an update on its fully automated state of the art Niagara Greenhouse in Grimsby, Ontario. Health Canada has officially begun its review of the company’s cultivation license application for the Niagara facility.
Also included in the update was a brief status report on the progress of its Port Perry outdoor grow facility. Aleafia reported that 13,000 healthy cannabis plants are growing at their outdoor grow which includes its newly licensed massive 1.1 million square foot zone 2. In mid-June, Aleafia became the first Canadian LP to officially complete a large-scale outdoor cannabis crop.
“This is just the start. With upcoming catalysts on the horizon, there is a tremendous amount of room for Aleafia Health’s continued growth.”
Shares of ALEF reacted positively to this morning’s news rising as much as 6% during the day before settling in and closing today’s trading session at $1.06, up 1.92% on the day.
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