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/
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The above article is sponsored content. Emerging Growth LLC,
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awareness. Please follow the link below to view our full disclosure
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