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Aleafia Health Inc ALEAF

Healthcare Cannabis
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 > writedown
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Post by rad10on Mar 25, 2021 8:02am
226 Views
Post# 32873599

writedown

writedownThe writedown is more than the value they put on the Emblem transaction as per the 2018 deal  (173.2 million).  Even without the write down they are operating at a loss...............

They remain wholesalers as their medical revenue is less than their interest payments..........

https://www.globenewswire.com/news-release/2018/12/19/1669388/0/en/Aleafia-Health-Inc-to-Acquire-Emblem-Corp-to-Create-New-Medical-Cannabis-Leader.html

Looking forward to listening to the spin on this!!
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