Aleafia Health to Commence Cultivation in Entire 160,000 sq. ft. Niagara Greenhouse Facility
June 08 2020 - 7:30AM
Aleafia Health Inc. (TSX: AH, OTC: ALEAF) (“
Aleafia
Health” or the “
Company”) will now
commence operations in the entirety of its 160,000 sq. ft. Niagara
Facility.
On March 13, 2020, the Company secured its initial cultivation
licence authorizing operations in 70,000 sq. ft. of the Niagara
Facility. The Company may now commence operations in the remaining
90,000 sq. ft. of the facility following changes to site plan
approval requirements announced by Health Canada on May 12, 2020.
Health Canada no longer requires licence amendment applications for
certain site plan changes, as long as they are within an approved
building that already appears on the previously issued licence.
“This is an incredibly important breakthrough for Aleafia
Health. We can now fully leverage the advanced automation built
into the Niagara Facility, including automated moving container
benches which allow for a perpetual, year-round harvest,” said
Aleafia Health CEO Geoffrey Benic. “The Niagara Facility provides
both near term, stable inventory for our health and wellness sales
channels, and the inputs needed for the 2020 outdoor cultivation
season.”
For Investor & Media Relations:
Nicholas Bergamini, VP Investor
Relations1-833-879-2533IR@AleafiaHealth.com LEARN MORE:
www.AleafiaHealth.com
About Aleafia Health:
Aleafia Health is a vertically integrated and federally licensed
Canadian cannabis company offering cannabis health and wellness
services and products in Canada and in international markets. The
Company operates medical clinics, education centres and production
facilities for the production and sale of cannabis.
Aleafia Health owns three significant licensed cannabis
production facilities, including the first large-scale, legal
outdoor cultivation facility in Canadian history. 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 and operates internationally in three continents.
Innovation, the heart of Aleafia Health’s competitive advantage,
has led to the Company maintaining a medical cannabis dataset with
over 10 million data points to inform proprietary illness-specific
product development and its highly differentiated education
platform FoliEdge Academy. The Company is committed to creating
sustainable shareholder value; the TSX Venture Exchange named
Aleafia the 2019 top performing company prior to its graduation to
the TSX.
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”
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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 the Company 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. 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 form filed with Canadian
securities regulators available on the Company’s SEDAR profile 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 any obligation to publicly update such forward-looking
information to reflect new information, subsequent events or
otherwise unless required by applicable securities legislation.