Aleafia Health Inc ALEAF

Aleafia Health Inc. is a federally licensed Canadian cannabis company offering cannabis products in Canadian adult-use and medical markets and in select international markets. The Company is engaged in the production, sale, and distribution of cannabis. It operates a virtual medical cannabis clinic staffed by physicians and nurse practitioners which provide health and wellness services across Canada. The Company operates two licensed cannabis production facilities and operates a strategically located distribution center all in the province of Ontario, including the largest, outdoor cannabis cultivation facility in Canada. The Company produces a diverse portfolio of cannabis and cannabis derivative products including dried flower, pre-roll, milled, vapes, oils, capsules, edibles, sublingual strips and topicals. It markets and sells cannabis products through regulated intermediaries into selected international markets, tactically sells cannabis products into Canadian wholesale markets.

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Aleafia Health Inc

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Comment by Toweringmarson Jan 20, 2020 2:36pm

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Post# 30574388

RE:They lost 30m the last 9 months

Show me ONE cannabis play that hasnt lost that in the last 9m. heck, the big boys are losing that and more per quarter. A large part of that was the M&A cost of Emblem and removing the duplicative staff, along with CAPEX spending which has all but wrapped up last financials, other than some perimiter fencing and irrigation/security improvements with the outdoor facility.

With all that out of the way, cue positive EBITDA in the next Q or two and then the company is right behind being cashflow positive. One of the industries bright spots...

Remember, even Aprhia (the industry darling) is losing money after wages and salaries.

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