TORONTO, July 5, 2018 /CNW/ - Aleafia Health Inc.
(TSXV: ALEF; OTCQX: ALEAF) ("Aleafia") or (the
"Company"), announces that the agreement of purchase and
sale in respect of Aleafia Health Inc.'s proposed acquisition of
the property located in Grimsby,
Ontario (the "Property") has been amended by the
parties to extend the closing date to late July, 2018. The
Agreement was amended to allow for the completion of the variance
zoning process with the Town of
Grimsby.
Once acquired, the Property is expected to house Aleafia's
160,000 square foot cultivation facility. The proposed transaction
was previously announced May 15,
2018.
About Aleafia Health Inc.:
Aleafia Health Inc. is one of Canada's leading,
vertically integrated medical cannabis companies with a unique
patient-focused, medical cannabis healthcare solution. Led by a
distinguished and experienced corporate leadership
team, Aleafia Health Inc. is pioneering a patient-centric
experience that includes personalized services before, during
and after treatment. Aleafia's 22 cannabis clinics are staffed
by licensed, practicing physicians. Aleafia Health Inc.
has realized sustained patient acquisition growth and retention,
underscoring the success of Canada's first
"patient-centric" cannabis-based health network. For more
information, please visit www.aleafiainc.com.
Aleafia owns 100% of Aleafia Farms Inc., a licensed producer
under the Health Canada Access to Cannabis for Medical Purposes
Regulations (ACMPR), as well as the land and building in
Scugog, Ontario, where the
facility operates. Aleafia acquired Aleafia Farms to directly
support the Aleafia Network, as a vertically integrated business
model.
Neither Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
FORWARD LOOKING INFORMATION
This press release contains forward-looking statements and
information that are based on the beliefs of management and reflect
the Company's current expectations. When used in this press
release, the words "estimate", "project", "belief", "anticipate",
"intend", "expect", "plan", "predict", "may" or "should" and the
negative of these words or such variations thereon or comparable
terminology are intended to identify forward-looking statements and
information. The forward-looking statements and information
in this press release includes information relating to the
implementation of Aleafia Health's business plan. Such
statements and information reflect the current view of the Company
with respect to risks and uncertainties that may cause actual
results to differ materially from those contemplated in those
forward-looking statements and information.
By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or other future
events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among
others, the following risks: risks associated with the
implementation of Aleafia Health's business plan and matters
relating thereto, risks associated with the cannabis industry,
competition, regulatory change, the need for additional financing,
reliance on key personnel, the potential for conflicts of interest
among certain officers or directors, and the volatility of the
Company's common share price and volume. Forward-looking
statements are made based on management's beliefs, estimates and
opinions on the date that statements are made and the Company
undertakes no obligation to update forward-looking statements if
these beliefs, estimates and opinions or other circumstances should
change. Investors are cautioned against attributing undue
certainty to forward-looking statements.
There are a number of important factors that could cause the
Company's actual results to differ materially from those indicated
or implied by forward-looking statements and information.
Such factors include, among others, risks related to Aleafia
Health's proposed business, such as failure of the business
strategy and government regulation; risks related to Aleafia
Health's operations, such as additional financing requirements and
access to capital, reliance on key and qualified personnel,
insurance, competition, intellectual property and reliable supply
chains; risks related to Aleafia and its business generally. The
Company cautions that the foregoing list of material factors is not
exhaustive. When relying on the Company's forward-looking
statements and information to make decisions, investors and others
should carefully consider the foregoing factors and other
uncertainties and potential events. The Company has assumed a
certain progression, which may not be realized. It has also
assumed that the material factors referred to in the previous
paragraph will not cause such forward-looking statements and
information to differ materially from actual results or
events. However, the list of these factors is not exhaustive
and is subject to change and there can be no assurance that such
assumptions will reflect the actual outcome of such items or
factors. While the Company may elect to, it does not
undertake to update this information at any particular time.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE
REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS
PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH
DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON
FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT
TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY
PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
SOURCE Aleafia Inc.