Aleafia Health Builds on Adult-use Momentum with Retailer Harvest Party
October 05 2021 - 7:00AM
Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Health” or
the “Company”) hosted a second annual adult-use retailer harvest
party at its outdoor cultivation facility, with over 300 cannabis
store owners, managers, budtenders and industry leaders attending.
The two-day conference included retailer tours at the 86 acre
outdoor site in Port Perry, Ont. and education sessions featuring
the company’s cultivation methods and proprietary cultivars that
make up its growing cannabis product portfolio.
“It was a privilege to provide a behind the scenes look at our
outdoor cultivation facility and see firsthand the strong
engagement and relationships we are building with cannabis
retailers in Canada’s largest market. Month over month, we continue
to increase our market share and develop a meaningful following for
our Sunday Market brand family,” said Aleafia Health CEO Geoffrey
Benic.
The Company has realized another strong period of sequential
growth in adult-use sales in the quarter ending September 30, 2021,
following a 93% increase in adult-use net revenue during Q2 2021.
The growth has been in part driven by its everyday cannabis brand
Divvy, with several important additional listings secured in
Ontario launching October, including:
- Black Widow CBD 14g Dried Flower: Capitalizing
on a gap in the product landscape for large format CBD-dominant
dried flower, black widow is a terpene rich, indica-dominant
cultivar and long-standing signature strain for Aleafia Health’s
medical patients.
- FLO 14g Dried Flower: Flo’s high-potency and
unique terpene profile makes it a highly sought-after cultivar now
available for the first time in the Ontario market, following a
successful Alberta launch.
Part of the Sunday Market brand family which features five
distinct brands with differentiated products tailored to specific
consumer segments, Divvy leverages Aleafia Health’s core
competitive advantage of low-cost cultivation both at its Niagara
Greenhouse and Port Perry outdoor cultivation facility. Also poised
for a successful outdoor cultivation harvest, the Company completed
planting at the 86-acre site over a month earlier than in 2020.
For Investor & Media
Relations:
Nicholas Bergamini, VP Investor
Relations1-833-879-2533IR@AleafiaHealth.comLEARN 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. The Company
has developed an international footprint, with subsidiaries or
investments in German and Australian medical cannabis companies and
has products available in both markets. The Company owns and
operates a virtual network of medical cannabis clinics staffed by
physicians and nurse practitioners who have seen over 75,000
patients to date.
Aleafia Health owns three licensed cannabis
production facilities and operates a strategically located
distribution centre all in the province of Ontario, including the
first large-scale, legal outdoor cultivation facility in Canadian
history. The Company produces a diverse portfolio of cannabis
derivative products including oils, capsules, edibles, sublingual
strips, and vapes, for sale in Canada in the medical and adult-use
markets, and in select international jurisdictions.
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”,
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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. Specific forward-looking information
contained in this release includes information relating, but not
limited, to the Credit Facility, including the use of the net
proceeds from the Credit Facility, and the Warrants.
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.
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