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.

GREY:ALEAF - Post by User

Aleafia Health Inc

Bullboard Posts

Comment by Obserrverron May 11, 2020 12:07pm

137 Views

Post# 31012300

RE:RE:RE:Plans?

Scuffraif wrote:

Miamirules wrote: They needed the money quick for machines Paris and for outdoor .. simple ...

I'd like to ask a question if I could without being attacked: I thought that most of their capital costs were behind them and that they had approx 50 mil in the bank. If so, why would they need to do this raise for machines?

Thanks in advance for a factual answer without name calling.

Two short reasons:

1. Short "squeeze" appease. (More about that at a later date)

2. Bird in the hand $.

None of the above are bad. The stock was oversold to begin with. It still is a strong buy imo.

Hope that helps.

Bullboard Posts

Day trading vs. swing trading strategies for small-cap stocks