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 > writedown

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Comment by ShakngMyHead00on Mar 25, 2021 8:43am

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Post# 32873826

RE:RE:writedown

stocktracker101 wrote: Keep spinning goof.. I said there would be a writedown while you were practicing your "Showtime" post in front of the mirror yesterday..
They surpassed their $14 million sales target contrary to your brilliant post this morning and you pivot to the writedown.
Professional basher here.. LOL

They lowered their SG&A and got those writedowns out of the way.
Their clinics are losing money and Ill bet those will be on the chopping block next

PS. Ill bet you shout "Showtime" every time you walk into one of your patients room for their daily sponge bath.

rad10 wrote: The 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!!