26-acre site now plant-ready complete with security enclosure
Company submitting final evidence package to Health Canada
Photos of the Outdoor Grow Site Available Below
TORONTO, April 30, 2019 /CNW/ - Aleafia Health Inc. (TSX: ALEF, OTC: ALEAF, FRA: ARAH) ("Aleafia Health" or the "Company") has brought its planned outdoor grow (the "Outdoor Grow") expansion to a plant-ready state with all security measures including fencing and cameras now in place. Photos of the Aleafia Campus Outdoor Grow facility are now being made available to the public here.
The Company anticipates submitting its final evidence package to Health Canada in connection with its now active Health Canada Licence Amendment application this week. The final submission includes detailed submissions evidencing the implementation of all measures required by Health prior to the awarding of a Licence Amendment. Subject to the receipt of a Health Canada approval, the Company anticipates that its Outdoor Grow will produce approximately 60,000 kg annually of dried flower, with a full growing season, at a cost per gram significantly lower than traditional greenhouse or indoor growing.
Following the anticipated expansion of the three Aleafia Health production facilities, together with confirmed supply agreements, the Company expects to reach an annual production capacity of 138,000 kg of dried flower, and extraction capacity of 50,000 kg.
- Aleafia Campus Processing and extraction with the Phase II Paris facility expansion adding 50,000 kg of planned annual extraction capacity
- Aleafia Campus Indoor cultivation at its licensed and operational Paris, ON and Port Perry, ON facilities
- Aleafia Campus Greenhouse cultivation at its plant-ready 160,000 sq. ft. Niagara, ON facility
- Aleafia Campus Outdoor cultivation at its Port Perry 26-acre low-cost outdoor grow
- Aphria Supply: Five-year, 175,000 kg supply agreement with Aphria Inc. at preferred wholesale pricing
- Tilray Supply: Three-year, 9,000 kg supply agreement with Natura Naturals Holdings Inc., a wholly-owned subsidiary of Tilray, Inc.
"It's exciting to see first-hand the result of months of planning followed by an intensive few weeks of construction, all culminating in the completion of Aleafia Health's 26-acre outdoor cultivation site. Our team has done outstanding work to make this happen," said Aleafia Health Chairman Julian Fantino. "Successful outdoor growing at scale will position the Companies' with first-mover advantage as low-cost production leaders. Secondly, we will be making a significant contribution to ensuring medical cannabis patients have the medicine they need, when they need it."
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 facilities, 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.
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", "intends", "anticipates" or "does not anticipate", 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 Aleafia Health 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. Examples of such statements include statements with respect to the planned expansion activities. 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 filed with Canadian securities regulators available on the Company's issuer profile on SEDAR 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 an obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
SOURCE Aleafia Health Inc.
For further information: For Investor and Media Relations, please contact: Nicholas Bergamini, VP, Public Affairs, 416-860-5665, [email protected], LEARN MORE: www.AleafiaHealth.com