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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... see more

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Aleafia Health Inc > RE:RE:RE:RE: THE LAST 9 MONTHS ..

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Post by ReaIistDontalkm on Oct 08, 2021 5:58pm

RE:RE:RE:RE: THE LAST 9 MONTHS ..

That is foolish nonsense talk. Of course they lost money in q3. They had no production to sell. Niagara was not fully approved until May and they did not commence operations in the full 160k sq ft greenhouse until July. Secondly, all the outdoor grow product gad also been sold through from 2019 harvest. 2020 harvest went from 13k kg to 32k kg. In addition to that they did not get health canada approval for the expansion until May and did not complete irrigation until July. In July in Ontario there was a heat wave making it not condusive to initial planting. Season was shortened and yield was reduced. I am pretty sure they double the yield this year as the area provides estimated full production yields of 100k kg per season and they only posted 32k kg last year for the above reasons. So to be clear this is first year they are running more at full capacity with capital costs all accounted for with international markets opening up for them in Israel, germany, UK and Australia. They have already noted that Dec qtr will be their best qtr ever.

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