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Aleafia Health Inc. has launched its cannabis products in Saskatchewan, expanding its reach to cover 67% of Canada's population. The product range includes sublingual strips, oils, dried flowers, and vape cartridges. CEO Geoffrey Benic emphasized this launch is a key part of their adult-use strategy, which aims to introduce new product formats. This follows the debut of their Sunday Market cannabis portfolio, which features brands like Bogart’s Kitchen. Aleafia Health is a leading integrated cannabis company in Canada, noted for its production facilities and medical cannabis clinics.
Aleafia Health has launched its first cannabis edibles product, THC soft chews, under the brand Bogart’s Kitchen. This product is now available in the adult-use market and to medical cannabis patients. The soft chews come in two flavors: Strawberry Lemonade and Peach Mango, each containing 5 mg of THC per chew. This launch is part of Aleafia's broader strategy to expand its product portfolio, which includes vape cartridges and high-potency CBD oil. The company aims to differentiate Bogart’s Kitchen by focusing on edibles, capitalizing on the largest edibles market segment in Canada.
Aleafia Health will report its 2020 Q4 and fiscal year results on March 25, 2021, before market open. The earnings conference call will follow at 8:30 a.m. EST, hosted by CEO Geoffrey Benic and CFO Benjamin Ferdinand. Interested parties can participate by calling the provided toll-free numbers or accessing the webcast link. Aleafia Health is a vertically integrated cannabis company operating clinics and production facilities in Canada and internationally.
Aleafia Health has announced an increase in its bought deal offering, led by Cantor Fitzgerald, to 24 million units at $0.83 each for gross proceeds of $19.92 million. Each unit comprises one common share and one-half warrant, with warrants exercisable at $1.05 for 24 months. An over-allotment option allows for an additional 15% of units, potentially raising total proceeds to $22.91 million. The funds will be used for working capital and corporate purposes, with the closing date expected on March 9, 2021, pending necessary approvals.
Aleafia Health has announced an agreement with Cantor Fitzgerald Canada Corporation to purchase 18,000,000 units at $0.83 each, for gross proceeds of $14,940,000. Each unit includes one common share and one-half warrant, with warrants priced at $1.05 for 24 months. An overallotment option allows for an additional 15% in units, potentially increasing total proceeds to $17,181,000. The funds will be utilized for working capital and general corporate purposes, with the offering closing around March 9, 2021, pending regulatory approvals.
Aleafia Health announced that its subsidiary, Emblem Cannabis Corporation, obtained a Health Canada Processing Licence for a new Distribution Centre near Toronto. This facility enhances the company’s supply chain and enables same-day delivery expansion, with plans for weekend and after-hours services. The new DC serves a population of nine million, expanding market reach. The licence allows order fulfilment to various customers and expires on February 12, 2024. CEO Geoffrey Benic noted the growing demand for e-commerce and same-day delivery in the cannabis sector.
Aleafia Health has introduced its new cannabis portfolio, Sunday Market, which features four distinct brands: Nith & Grand, Bogart’s Kitchen, Divvy, and Noon & Night. These brands offer a range of products tailored to diverse consumer needs, including dried flower, edibles, and CBD-focused wellness products. Initial product launches are scheduled between Q1 and Q2 of 2021. Aleafia Health's chief commercial officer emphasized the focus on quality and community engagement, aiming to enhance consumer experience in the cannabis market.
Aleafia Health Inc. has appointed Lu Galasso and Carlo Sistilli as independent directors to its board. Galasso will join the Strategic Planning Committee, while Sistilli will serve on the Audit Committee. The appointments follow a director nomination agreement with shareholders holding about 15.65% of common shares, which includes a standstill provision until December 31, 2021. Aleafia, a licensed Canadian cannabis company, operates medical clinics and production facilities and has a commitment to innovation, supported by a dataset of over 10 million medical data points.