Aleafia Health Inc ALEAF

Healthcare Cannabis

Aleafia Health Inc. is a Canada-based cannabis company. The Company offers cannabis products in Canada and destined for international markets, including Australia and Germany. The Company operates a virtual medical cannabis clinic staffed by physicians and nurse practitioners, which provide health and wellness services across Canada. It owns three licensed cannabis production facilities and operates a located distribution center all in the province of Ontario, including an 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, for sale in Canada in the medical and adult-use markets, and in select international jurisdictions. Its subsidiaries include Aleafia Inc., Canabo Medical Corporation, Aleafia Farms Inc., Emblem Corp., Emblem Cannabis Corporation, GrowWise Health Limited and other.

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Aleafia Health Inc > LOL! No kidding Barclays

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Post by sthineion Nov 18, 2021 11:32am

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LOL! No kidding Barclays

They will benefit from Germany though.

Canadian firms unlikely to benefit from U.S. cannabis growth - Barclays

Nov. 18, 2021 9:32 AM ETTilray, Inc. (TLRY), CRON,CGCMMNFFBy: Dulan Lokuwithana, SA News Editor19 Comments

Medical Oil Cannabis - marijuana oil, resin and flowers with Canada flag on the mirror black background. — Kazyaka/iStock via Getty Images

Barclays has started the coverage on several Canadian Licensed Producers with less than favorable recommendations arguing that they are unlikely to gain a sizable advantage from potential federal legalization of cannabis in the U.S.
The analysts have issued Underweight ratings on Tilray (NASDAQ:TLRY) and Cronos Group (NASDAQ:CRON) which were trading ~3.3% and ~1.1% lower in the pre-market, respectively. The price target for Tilray (TLRY) at $10 per share indicates a downside of ~19% while that for Cronos (CRON) at $5.5 per share implies a downside of ~1% to the last close.
Meanwhile, the firm has rated Canopy Growth (NASDAQ:CGC) with an Equal-weight recommendation with the price target of $14 per share implying a premium of ~3% to the last close. Canopy (CGC) was trading flat in the pre-market.
The analysts point out that a majority of the enterprise value of the above stocks have been attributed to their potential in the U.S. market while the firms cannot directly invest in the U.S market.
They observe that the companies have entered into deals with the U.S. MSOs seeking minority stakes in the event of a federal legalization of cannabis in the U.S.
“We think the benefit of these deals accrues to the shareholders of MSOs rather than those of the Canadian companies,” the team of analysts argued.
In a transaction with MedMen Enterprises (OTCQB:MMNFF), Tilray (TLRY) took a major bet on the U.S. cannabis market a few months ago.