Aleafia Health Applauds Commitment to Private Retail Expansion in Ontario Budget
April 12 2019 - 5:00AM
Aleafia Health Inc. (TSX: ALEF, OTC: ALEAF, FRA: ARAH)
(“
Aleafia Health” or the
“
Company”), is applauding the Government of
Ontario’s commitment to significantly expand private retail
cannabis licences in Canada’s largest province.
ROBUST PRIVATE RETAIL
FOOTPRINT
Aleafia Health boasts a robust private cannabis retail strategy
with national reach including equity stakes and supply agreements
with three major retailers;
- Emblem Corp. which is wholly-owned by Aleafia Health signed a
five-year supply and preferred vendor agreement with Compass
Cannabis Clinics (“Compass”) for Starbuds Canada
in addition to taking an equity stake in Compass;
- Additionally, Aleafia Health owns an equity stake in leading
cannabis retailer Fire & Flower;
- And the Company also owns a 10 per cent equity stake in the
emerging One Plant (Retail) Corp. a cannabis retail joint-venture
with Serruya Private Equity
“By allowing the private sector to operate in a regulated
environment, the Government of Ontario is improving consumer
access, stifling the illicit market of unsafe cannabis and
ultimately improving public safety,” said Aleafia Health Chairman
Julian Fantino. “Increasing the number of retail locations will
mean fewer illicit dispensaries selling unregulated products. The
Budget sends a clear message that Ontario is ‘Open for Business,’
but only to responsible business owners who play by the rules and
prioritize public safety.”
For Investor and Media Relations, please
contact:
Nicholas Bergamini, VP, Public
Affairs416-860-5665IR@AleafiaHealth.com
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, 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.
LEARN MORE: www.AleafiaHealth.com
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