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DD Package Information for OTC Ticker $ALEAF - Aleafia Health Inc #cannabisnews

ALEAF - Aleafia Health is a leading, vertically integrated cannabis health and wellness company with four primary business units: Cannabis Cultivation & Products, Health & Wellness Clinics, Cannabis Education, and Consumer Experience with ecommerce, retail distribution and provincial supply agreements.
Aleafia Health owns three major cannabis product & cultivation facilities, two of which are licensed and operational. The Company produces a diverse portfolio of commercially proven, high-margin derivative products including oils, capsules and sprays. Aleafia Health operates the largest national network of medical cannabis clinics and education centres staffed by MDs, nurse practitioners and educators.
Aleafia Health maintains a medical cannabis dataset with over 10 million data points to inform proprietary illness-specific product development and treatment best practices. The Company is committed to creating sustainable shareholder value and has been named the 2019 top performing company of the year by the TSX Venture Exchange prior to graduation to the TSX.

In August Aleafia reported Record Revenue in Q2; Revenue for the three months ended June 30th, 2018 totaled $1,207,886
CEO Geoffrey Benic commented “I am very pleased with the significant achievements Aleafia has made in 2018. Aleafia now boasts two low-cost, modern cannabis production facilities, along with a medical cannabis clinic network that has attained 50,000 unique patients. The exponential growth achieved by our company will ensure we continue to provide sustained long-term value for both our patients and shareholders.”
Last week Aleafia was added to the Horizons Marijuana Life Sciences ETF (HMMJ:TSX). HMMJ is the world’s first and largest Exchange Traded Fund (ETF) offering direct exposure to North American publicly listed life sciences companies with significant business activities in the marijuana industry.
On September 20 Aleafia and Cronos Group Inc. announced the commencement of a joint medical cannabis study to improve the management and treatment of insomnia and daytime sleepiness.
The study is funded in part by Peace Naturals Project Inc., a licensed producer of medical cannabis that is wholly owned by Cronos Group. The study will be led by physicians practicing within the Canabo Medical Clinic network, which is wholly owned by Aleafia.
Currently trading at a $253 million market valuation Aleafia is sitting on a war chest of $29 million CAD in the treasury. The Company boats virtually no debt and fast growing revenues recently reporting record Q2 Revenue of $1.2 million. Aleafia is one exciting cannabis company making big moves; the Company operates the largest brick and mortar medicinal cannabis clinic network in Canada under the Canabo Medical Clinic brand and they are uniquely positioned in the booming Canadian cannabis market with 2 facilities and growing capacity expected to reach 38,000 kg by early 2019.
-2018 Operational Update:
🌱Aleafia secured Sales Licence from Health Canada for its Port Perry cultivation facility
🌱The company reported record revenue of $1.2 million in Q2 2018
🌱Fully funded annual growing capacity to reach 38,000 kg of cannabis flower in early 2019
🌱Completed first harvest at Port Perry cultivation facility
🌱Reached milestone of 50,000 individual medical cannabis patients under the Canabo Medical Clinic network
🌱Built out the senior management team with the hiring of CEO Geoffrey Benic, CFO Benjamin Ferdinand, CMTO Trevor Newell and Master Horticulturist Lucas Escott
🌱Increased access to American investment community by securing listing on OTCQX Best Market
-Aleafia’s history:
January 2017: Aleafia inception
October 2017: Opened first clinic in Vaughan
December 2017: Acquired Port Perry ACMPR-licensed cultivation facility
January 2018: Aleafia/Canabo complete business combination – 22 clinics, 40,000 patients
March 2018: Aleafia begins trading as the new combined entity
May 2018: Harvested first cannabis crop at the Port Perry facility
July 2018: Purchased 160,000 sq. ft. Niagara Region modern fully automated greenhouse

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