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TORONTO, June 03, 2021 (GLOBE NEWSWIRE) — Aleafia Well being Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Well being” or the “Firm”), a world chief in hashish wellness services, is happy to announce that dried flower grown at its Niagara greenhouse facility has been efficiently exported to Germany. Having access to Europe’s most mature authorized hashish market is a crucial breakthrough for Aleafia Well being, with fulfilment of successive buy orders to Germany presently underway.
Germany represents the second main medical hashish market to which the Firm has efficiently accomplished exports. Import and export permits have been secured for 2 further orders to Australia, with the shipments anticipated to happen in June.
“The investments we’ve made within the highest ranges of worldwide regulatory compliance are simply now starting to pay dividends as we achieve entry to the biggest medical hashish market on the earth. The cargo itself is an extremely essential breakthrough. Extra importantly, it represents a wholly new gross sales channel that can ship constant, repeatable income,” stated Aleafia Well being CEO Geoffrey Benic. “With such excessive obstacles to entry, the German hashish market alternative completely enhances this quarter’s continued progress in our home medical and adult-use channels.”
The European hashish market is predicted to be price $4.7 billion by 2025, with Germany alone representing almost half the full market measurement, in keeping with analysis from Prohibition Companions.
The primary cargo options Aleafia Well being’s signature THC cultivar Bitter Kush. Whereas dried flower presently out there in Germany is basically irradiated, the product shipped exceeded stringent high quality requirements and didn’t require irradiation, providing a big aggressive benefit in product high quality. The export was accomplished by the EU-GMP licensed facility of a strategic companion.
For Investor & Media Relations:
Nicholas Bergamini, VP Investor Relations
LEARN MORE: www.AleafiaHealth.com
About Aleafia Well being:
Aleafia Well being is a vertically built-in and federally licensed Canadian hashish firm providing hashish well being and wellness providers and merchandise in Canada and with gross sales and operations in Australia and Germany. The Firm operates medical clinics, schooling centres and manufacturing services for the manufacturing and sale of hashish.
Aleafia Well being owns 4 vital licensed hashish manufacturing services, together with the primary large-scale, authorized outside cultivation facility in Canadian historical past. The Firm produces a various portfolio of commercially confirmed, high-margin spinoff merchandise together with oils, capsules, edibles, sublingual strips, and vapes. Aleafia Well being operates the biggest nationwide community of medical hashish clinics and schooling centres staffed by MDs, nurse practitioners and educators and operates internationally in three continents.
Ahead Wanting Info
This information launch incorporates forward-looking data throughout the which means of relevant Canadian and United States securities legal guidelines. Usually, however not all the time, forward-looking data may be recognized by means of phrases resembling “plans”, “expects”, “estimates”, “intends”, “anticipates”, or “believes” or variations of such phrases and phrases or state that sure actions, occasions or outcomes “might”, “may”, “would”, “may” or “will” be taken, happen or be achieved. Ahead-looking data includes identified and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm or its subsidiaries to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data contained on this information launch. Dangers, uncertainties and different elements concerned with forward-looking data may trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking data, together with dangers contained within the Firm’s annual data type filed with Canadian securities regulators out there on the Firm’s SEDAR profile at www.sedar.com. Though the Firm believes that the assumptions and elements utilized in making ready the forward-looking data on this information launch are cheap, undue reliance shouldn’t be positioned on such data and no assurance may be provided that such occasions will happen within the disclosed time frames or in any respect. The forward-looking data included on this information launch are made as of the date of this information launch and the Firm doesn’t undertake any obligation to publicly replace such forward-looking data to mirror new data, subsequent occasions or in any other case until required by relevant securities laws.