Aleafia Health Successfully Completes TSX Review and Announces Entry into Fifth Province
29 November 2022 - 2:37AM
Further to its previous announcements, Aleafia Health Inc. (TSX:
AH, OTCQB: ALEAF) (“
Aleafia Health” or the
“
Company”) is pleased to announce that it has
completed the TSX delisting review and confirms that the Company
satisfies the Toronto Stock Exchange’s requirements for continued
listing. Aleafia Health will continue to trade on the TSX without
further review at this time.
“We are very pleased that the TSX has completed
its five-month long review process and the Company is no longer
being assessed for potential delisting. Over that time period,
Aleafia has demonstrated performance in its key financial metrics,”
said Tricia Symmes, CEO. “It is the result of disciplined work
maintaining scalable growth and profitable practices in all areas
of business, driving toward our core goals.”
“Driving revenue growth across multiple
channels, tightening our expense profile, and building off the
success of our flagship brand, Divvy, Aleafia Health remains
focused on becoming a top 10 Licensed Producer in the Canadian
cannabis landscape,” said Matt Sale, CFO. “We are excited to
continue offering shareholders and consumers a house of brands that
shows maintained growth and promise.”
Sunday Market House of Brands in
Manitoba: The Company has continued its strategic plan to
expand adult-use domestic sales and market share which, adding
Manitoba as its fifth provincial distribution region, enabling
Divvy and the rest of the portfolio to reach over 70% of the
Canadian population. Mid-November, the Company launched a
portfolio of twelve products, primarily Divvy, right in time for
the holiday season. In a province which has a unique
direct-to-retailer sales model, this allows the Company to build
sales relationships one step closer to the final consumer.
For Investor & Media
Relations:
Matthew Sale, CFOIR@AleafiaHealth.com LEARN
MORE: www.AleafiaHealth.com
About Aleafia Health:
The Company is a federally licensed Canadian
cannabis company offering cannabis products in Canadian adult-use
and medical markets and in select international markets, including
Australia and Germany. The Company operates a virtual medical
cannabis clinic staffed by physicians and nurse practitioners which
provide health and wellness services across Canada.
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