Le Lézard
Classified in: Health
Subject: MISCELLANEOUS

Aleafia Has Buyers Lined Up as Greenhouse Goes into Production -- CFN Media


SEATTLE, Jan. 10, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CFN Media Group ("CFN Media"), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing Aleafia Health Inc. (TSX-V: ALEF) (OTCQX: ALEAF) (FRA: ARAH) and its new greenhouse that's moving into production later this year, along with its existing distribution channels that set it up for success?including a base of over 50,000 medical cannabis patients.

Canada's cannabis industry is projected to reach C$22.6 billion over the coming years, according to Deloitte, driven by the legalization of adult-use cannabis nationwide. With more than a hundred licensed producers in the market, investors have shifted their focus from raw production capacity to durable competitive advantages. These could come in the form of distribution agreements, innovative products?or, in some cases, both.

Moving into Production

Aleafia recently announced the completion of Phase I construction and retrofitting of its Niagara greenhouse facility located in Grimsby, Ontario. With the greenhouse ready, the company entered the final stage of the Cultivation License application process. Management expects that the first crop will begin within the next 60 days, pending Health Canada's approval, significantly increasing its total production capacity.

"This milestone, and projected growth in Aleafia's production capacity, represents a game-changer for Aleafia," says Aleafia CEO Geoffrey Benic. "With an emerging national retail network via Serruya Private Equity, our 15,000 kg supply agreement with CannTrust and the pending acquisition of Emblem, the demand for Aleafia's high-quality cannabis has never been stronger."

Lucas Escott, co-founded of Mettrum Health (sold to Canopy Growth for $430 million), will lead the cultivation efforts as Head Horticulturist. Escott and the rest of the cultivation team have collectively built out and operated seven purpose-built cannabis cultivation facilities representing nearly one million sq. ft. of growing space. The team's goal is to leverage the latest technology to create the high-quality, low-cost, year-round product.

Existing Customer Demand

Aleafia has significant pent-up demand for its Niagara cannabis which will come online over the course of next year. After moving to acquire Emblem Corp., the company will have access to highly differentiated and high-margin production capabilities, including the ability to create capsules, oils, and oral sprays.

Earlier this week, Emblem announced that it's-branded cannabis oils are available in Shoppers Drug Mart, which is Canada's largest pharmacy chain. The demand from this distribution channel could grow significantly over the coming months as it rolls out its highly-differentiated products, and the in-house source of cannabis from Niagara will ensure both high-quality product and greater profit margins through lower costs.

Aleafia also has an agreement with CannTrust Holdings Inc., providing it with the right to purchase up to 15,000 kilograms of cannabis in 2019, and Serruya Private Equity to build a national retail dispensary. The latter agreement calls for the creation of a joint venture that aims to create retail locations across the country by working with provincial distributors and other parties involved in the process.

Looking Ahead

Aleafia Health Inc. (TSX-V: ALEF) (OTCQX: ALEAF) (FRA: ARAH) represents a compelling investment opportunity in Canada's nascent cannabis industry. With both innovative products from Emblem and distribution across its 50,000 patients and other venues, the company has a unique advantage that few other licensed producers can match. The near-term production potential also creates a significant catalyst for shareholders in 2019.

For more information, visit the company's website or follow them on CannabisFN.

Please follow the link to read the full article:

http://www.cannabisfn.com/aleafia-has-buyers-lined-up-as-greenhouse-goes-into-production/

Disclaimer

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

About CFN Media

For Visitors and Viewers

CFN Media's Cannabis Financial Network (CannabisFN.com) is the destination for savvy investors and business people profiting from the worldwide cannabis industry. Viewers will see breaking news, exclusive content and original programming involving the people, companies and investments shaping the industry.

For Cannabis Businesses & Companies

CFN Media is a leading agency and financial media network dedicated to the cannabis industry. We help private, pre-public and public cannabis companies in the US and Canada attract capital, investors and media attention.

Our powerful digital media and distribution platform conveys a company's message and value proposition directly to accredited and retail investors and national media active in the North American cannabis markets.

Since 2013, CFN Media has enabled the world's preeminent cannabis companies to thrive in the capital and public markets.

Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany

Disclaimer

CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ?Site') is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies.  We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.  

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

Frank Lane
206-369-7050
[email protected]


These press releases may also interest you

at 15:05
MAIA Biotechnology, Inc., ("MAIA", the "Company"), a clinical-stage biopharmaceutical company developing targeted immunotherapies for cancer, today announced that independent directors Cristian Luput and Ramiro Guerrero, J.D, LL.M. made individual...

at 15:05
University of Maryland School of Medicine (UMSOM) Dean Mark T. Gladwin, MD, announced today that Martine Rothblatt PhD, JD, MBA, Chairperson and CEO of United Therapeutics, and inventor of SiriusXM Satellite Radio, will deliver the keynote address...

at 15:00
Beghou Consulting announced Thursday several additions to its executive team to support the company's technology innovation, product development and growth initiatives. Dan Cardinal, a Partner at Beghou, will become Chief Technology Officer. The...

at 15:00
Urban Wellness Group, a pioneering wellness provider, is proud to announce its official launch of new anti-aging and sleep enhancement treatments to southeast Portland. Dr. Jason Zabell and Dr. Andy Swanson set themselves apart by pairing over 30...

at 14:55
Peninsula Canada, a global leading HR and health & safety firm, committed to making a positive impact in the community, is proud to announce a partnership with SickKids Foundation, a leading charity dedicated to supporting The Hospital for Sick...

at 14:30
The "Global Immunoprecipitation Testing - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029" report has been added to  ResearchAndMarkets.com's offering. The Global Immunoprecipitation Testing Market size is estimated...



News published on and distributed by: