Aleafia Health Poised for Successful Outdoor Cultivation Season
15 Juni 2021 - 1:06PM
Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Health” or
the “Company”), a global leader in cannabis wellness products and
services, today announced that it has largely completed planting
across 86 acres at its outdoor cultivation facility in Port Perry,
Ont. The milestone was achieved a month earlier, and on a
significantly larger scale, than the 2020 outdoor season, which
yielded 31,200 kgs of dried flower, at a cash cost to harvest of
$0.10 per gram.
“Through the tremendous diligence and hard work of our
operations team, we are poised to take another major step forward
this year in outdoor cultivation. With all infrastructure completed
and licences secured last year, Port Perry has become a highly
advanced, year-round operation that we expect to deliver major
improvements in our total yield,” said Aleafia Health CEO Geoffrey
Benic.
“Our low-cost cultivation advantage at scale has allowed us to
enter the dried flower market in a meaningful way with the
successful launch of our everyday cannabis brand Divvy. Likewise,
it provides consistent input materials for our growing portfolio of
differentiated cannabis derivative products.”
Major improvements to the facility were made last year,
including site-wide underground irrigation and the construction and
licencing of an additional 30,000 sq. ft. of licensed drying and
storage buildings. Propagation commenced in November 2020, which
resulted in plants that were significantly more mature relative to
previous years.
The 2021 harvest will feature the Company’s signature THC, CBD
and balanced cultivars, along with a number of new THC-dominant
strains which were selected following research and development
cultivation trials last year.
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 and with sales and operations in
Australia and Germany. The Company operates medical clinics,
education centres and production facilities for the production and
sale of cannabis.
Aleafia Health owns four 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, edibles, sublingual
strips, and vapes. 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.
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”,
“estimates”, “intends”, “anticipates”, or “believes” or 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. 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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/360d7c5a-711c-4738-b44d-15b6fd6ba97b
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