Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Aleafia reports Q3 2021 financial results with 123% increase in cannabis net revenue

Stockhouse Editorial
2 Comments| November 15, 2021

{{labelSign}}  Favorites
{{errorMessage}}

Click to enlargeToronto-based Aleafia Health Inc.(TSX-V.ALEF) – a global leader in cannabis wellness products and services – has reported its financial results for the three and nine months ending September 30th, 2021.

The Company’s 2021 third quarter unaudited, consolidated financial statements and management discussion and analysis will be available in the Investors section of the Company’s website at aleafiahealth.com and will be filed on SEDAR and available at sedar.com.


Financial Highlights:

  • $9.6 million net revenue with an improved sales mix focused on the high-growth adult-use and recurring medical cannabis sales channels.
  • 2,044% y/y increase in adult-use cannabis net revenue.
  • 31% y/y increase in medical cannabis net revenue
  • Top 10 in national market share in pre-rolls achieved subsequent to the reporting period.
  • Top 10 in national adult-use market share in edibles and oils categories.
  • Outdoor harvest produced average yield on THC-dominant dried flower of 22%
  • SG&A expenses declined 24% over the previous quarter.
  • Strengthened product portfolio with a total of 35 and 46 SKUs listed in Ontario and Alberta respectively by January 2022.


Complete information here.


New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.

For more of the latest info on Cannabis, check out the Cannabis Trending News hub on Stockhouse.


{{labelSign}}  Favorites
{{errorMessage}}

Comments

No comments yet. Be first to comment!

Leave a Comment

You must be logged in to be able to post a comment.

Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today