26-acre site now plant-ready complete with
security enclosure
Company submitting final evidence package to
Health Canada
Photos of the Outdoor Grow Site Available
Below
TORONTO, April 30, 2019 /CNW/ - Aleafia Health Inc. (TSX:
ALEF, OTC: ALEAF, FRA: ARAH) ("Aleafia Health" or the
"Company") has brought its planned outdoor grow (the
"Outdoor Grow") expansion to a plant-ready state with all
security measures including fencing and cameras now in place.
Photos of the Aleafia Campus Outdoor Grow facility are now being
made available to the public here.
The Company anticipates submitting its final evidence package to
Health Canada in connection with its now active Health Canada
Licence Amendment application this week. The final submission
includes detailed submissions evidencing the implementation of all
measures required by Health prior to the awarding of a Licence
Amendment. Subject to the receipt of a Health Canada approval, the
Company anticipates that its Outdoor Grow will produce
approximately 60,000 kg annually of dried flower, with a full
growing season, at a cost per gram significantly lower than
traditional greenhouse or indoor growing.
Following the anticipated expansion of the three Aleafia Health
production facilities, together with confirmed supply agreements,
the Company expects to reach an annual production capacity of
138,000 kg of dried flower, and extraction capacity of 50,000
kg.
- Aleafia Campus Processing and extraction with the
Phase II Paris facility expansion adding 50,000 kg of planned
annual extraction capacity
- Aleafia Campus Indoor cultivation at its licensed
and operational Paris, ON and
Port Perry, ON facilities
- Aleafia Campus Greenhouse cultivation at its
plant-ready 160,000 sq. ft. Niagara, ON facility
- Aleafia Campus Outdoor cultivation at its
Port Perry 26-acre low-cost
outdoor grow
- Aphria Supply: Five-year, 175,000 kg supply agreement
with Aphria Inc. at preferred wholesale pricing
- Tilray Supply: Three-year, 9,000 kg supply agreement
with Natura Naturals Holdings Inc., a wholly-owned subsidiary of
Tilray, Inc.
"It's exciting to see first-hand the result of months of
planning followed by an intensive few weeks of construction, all
culminating in the completion of Aleafia Health's 26-acre outdoor
cultivation site. Our team has done outstanding work to make this
happen," said Aleafia Health Chairman Julian Fantino. "Successful outdoor growing at
scale will position the Companies' with first-mover advantage as
low-cost production leaders. Secondly, we will be making a
significant contribution to ensuring medical cannabis patients have
the medicine they need, when they need it."
About Aleafia Health:
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.
Forward Looking Information
This news release contains forward-looking information within
the meaning of applicable Canadian and United States securities laws. Often, but not
always, forward-looking information can be identified by the use of
words such as "plans", "expects" or "does not expect", "is
expected", "estimates", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
Forward-looking information involves known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Aleafia Health or its subsidiaries
to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking
information contained in this news release. Examples of such
statements include statements with respect to the planned expansion
activities. Risks, uncertainties and other factors involved
with forward-looking information could cause actual events,
results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information, including risks contained in the Company's annual
information filed with Canadian securities regulators available on
the Company's issuer profile on SEDAR at www.sedar.com.
Although the Company believes that the assumptions and factors used
in preparing the forward-looking information in this news release
are reasonable, undue reliance should not be placed on such
information and no assurance can be given that such events will
occur in the disclosed time frames or at all. The forward-looking
information included in this news release are made as of the date
of this news release and the Company does not undertake an
obligation to publicly update such forward-looking information to
reflect new information, subsequent events or otherwise unless
required by applicable securities legislation.
SOURCE Aleafia Health Inc.