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 > Aleafia Current Financial Highlights

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Comment by Joe455on Nov 16, 2021 12:40pm

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Post# 34132430

RE:Aleafia Current Financial Highlights

KeyserShoze wrote: Aleafia current cash position = $0
Marketable securities value (MEDI shars) = $3 million
Covertable debt due June 2022 = $34.741 million
Credit facility at 12% due Aug 2022 = $9.942 million
Overdue Payables = $20.5 million (why are they so far overdue)
Debt payment due December.
$66 + million they got to come up with.
Loss of asset value = $302 million. (Sept 2020 asset value = $454,737,000, Sept 2021 asset value = $152,708,000 million.)

Official SEDAR - Q3 MD&A November 11, 2021. top of page 18

17 ALEAFIA HEALTH INC. Management’s Discussion & Analysis

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company has experienced recurring losses and has a cumulative deficit of $347,722. Cash flow from operations is negative due in part to the high rate of revenue growth the company has experienced which has driven a requirement for working capital and selling, general & administrative investment. At September 30, 2021, the Company has total current assets of $69,894 and total current liabilities of $65,750, providing for net current assets of $4,144. Within its current asset base are cash and cash equivalents and marketable securities of $11,338

Where will they get the opperating cash?