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.

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Aleafia Health Inc > ???????????? NO BUYING & NO VOLUME ???????????

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Comment by Toweringmarson Mar 25, 2021 8:23am

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RE:RE:RE:???????????? NO BUYING & NO VOLUME ???????????

Tracker, I'm suprised you didnt get in on it when Observer and I were going on about write downs? It certainly needed to be done and I'm happy they did, although Q3 2020 would have been the optimal time to have done it. Like you mention a 3.8m loss is peanuts compared to peers. Lets see how the market reacts to this. Might do a full write up after the earnings call if time permits.

Lets see the lineup of possible suitors. haha
"step right up folks"

stocktracker101 wrote: I had a feeling there would be writedown.. As per accounting guidlines they had to realize it.
177 million goodwill + 33 million in biological and intagible asset write downs.
Net loss of 217 million.

Without the writedowns they are still operating at a loss of 3.8 million.
Not bad

Revenue is good 15 + million which is in line with what they guided.

GLTA

stocktracker101 wrote: Its hard to bet on earnings in this sector....
Also, it is quiet all around.. Not just aleafia.
Even if earnings are good, dont expect much of a spike as the market is selling off.
Take advantage of it if there is one.
There may be a write down of their goodwill in this release.
We shall see. Either way, the big catalyst will be Eugmp cert..
Revenues will increase substantially once licenced and their price tag will increase..
Ripe for the picking once that is in place.
Why would other LPs go through 2-3 years of red tape when they can buy it.

Humanist wrote: HMMM! EOM