OTCQB:VVCIF - Post by User
Post by
jfogarty12on May 14, 2020 8:22am
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Post# 31026405
People were wondering Why with this one --
People were wondering Why with this one --Aleafia notches $6.4M in positive adjusted EBITDA in Q1 amid low production costs Aleafia Health reported first-quarter results on Wednesday, recording $6.4 million of positive adjusted EBITDA on $13.7 million in revenue. The Toronto-based company is now just a handful of Canadian cannabis producers that has demonstrated consistent positive cash flow in its business. Aleafia also noted it has about $35 million in cash on its balance sheet and a production cost of $0.35 per gram, an industry low. The company is also managing its operations during the COVID-19 pandemic by conducting its medical cannabis consultations virtually, and introduced a delivery service to its patients.