VIDEO: Aleafia’s 160,000 sq. ft. Greenhouse Retrofitting on Schedule
September 17 2018 - 6:00AM
Video Provides Inside Look at Aleafia’s two Fully
Funded, Modern Production Facilities
Aleafia Health Inc. (TSXV: ALEF; OTCQX: ALEAF, FRA: ARAH)
(“Aleafia“) or (the “Company“), one of Canada’s leading, vertically
integrated cannabis companies, is announcing that its 160,000 sq.
ft. Niagara greenhouse retrofitting is on schedule and expected to
be complete in late 2018.
Aleafia is also pleased to provide shareholders with a behind
the scenes look at Aleafia’s operations in the following
video which can also be found by
visiting www.aleafiainc.com/invest. Operational
Update:
- 160,000 sq. ft. Niagara greenhouse retrofitting on schedule and
expected to be complete in late 2018
- Fully funded annual growing capacity of 38,000 kg of cannabis
flower
- Reached milestone of 50,000 individual medical cannabis
patients under the Canabo Medical Clinic network
- Planning of Aleafia’s 150,000 sq. ft. Port Perry expansion
underway, with all production options on the table, including an
innovative, ultra low-cost outdoor grow
- Secured first medical cannabis sale in company’s history, only
days after securing Sales Licence from Health Canada
“We made a commitment to secure high-quality product for medical
cannabis patients, and I’m extremely pleased with the rapid
progress our team has made. We are very well positioned for
significant growth with two major income streams from cannabis
sales and clinic operations providing immediate revenue to
Aleafia,” said Aleafia Chairman Julian Fantino.
“Aleafia now boasts two low-cost, modern cannabis production
facilities, along with a medical cannabis clinic network that has
attained 50,000 unique patients. Our Niagara Region greenhouse will
see us leverage modern growing technology, leading to a perpetual,
year round harvest and low cost per gram output,” said Aleafia CEO
Geoffrey Benic. For Investor Relations, please
contact:
IR@AleafiaInc.com
For Media Relations, please contact:
Nicholas Bergamini, VP Public Affairs 416-860-5665 ext. 224
Media@AleafiaInc.com
About Aleafia Health Inc.:
Aleafia is a leading, vertically integrated cannabis company
with a unique focus on delivering quality patient care from “seed”
to “sale.” The company operates the largest brick and mortar
medicinal cannabis clinic network in Canada under the Canabo
Medical Clinic brand, which is staffed by licensed, practicing
physicians. Aleafia has obtained over 50,000 unique patients and
maintains the largest medical cannabis patient data set in Canada.
Aleafia’s state of the art production facilities will allow for the
production of high- quality strains at low cost. Aleafia’s
production will focus on securing the highest- quality medicinal
product for its growing patient base.
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.
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