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Wednesday, November 25, 2020

Aleafia Health Inc (OTCMKTS:ALEAF) is the New Flavor of the Day

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It seems as though every day turns up another new hot stock in the cannabis patch – the latest example being Aleafia Health Inc (OTCMKTS:ALEAF). The stock took flight on Tuesday on a huge burst in volume, with shares breaking to new 5-month highs on more than 100x average volume in response to the company’s new data.

Specifically, the company just announced its 2018 Q2 fiscal results, which included an update on several important business growth milestones that were met during the reporting period, according to the release. The company reported record revenue of $1.2 million, a jump in its fully-funded annual growing capacity to 38K kg of cannabis flower in early 2019, and a signed agreement to acquire 160,000 sq. ft. fully automated, modern Niagara greenhouse facility, which is expected to be fully operational by late 2018.

Aleafia Health Inc (OTCMKTS:ALEAF) bills itself as a company that owns and operates a healthcare clinic that provides medical cannabis therapy to achieve optimum recovery and minimize illness and injury’s cumulative effects. The company provides medical cannabis therapy, pain management, physiotherapy, chiropractor, osteopathy, registered massage therapy, laser therapy, orthotics, and custom braces and compression socks. It provides consulting and support services for managing cannabis-sensitive cases.

The company assists rehabilitation professionals, case managers, social workers, life care planners, psychologists, family physicians, physiotherapists, litigators, and third-party insurance companies. Aleafia Inc. is based in Concord, Canada.

According to company materials, “Aleafia is a leading, vertically integrated medical cannabis company with a unique focus on delivering quality patient care from “seed” to “sale.” Aleafia is uniquely positioned with a singular focus on the medical cannabis market. The company operates the largest brick and mortar medicinal cannabis clinic network in Canada under the Canabo Medical Clinic brand, which is staffed by licensed, practicing physicians. Aleafia has obtained over 50,000 unique patients and maintains the largest medical cannabis patient data set in Canada. Aleafia’s state of the art production facilities will allow for the production of high-quality strains at low cost. Aleafia’s production will focus on securing the highest-quality medicinal product for its growing patient base.”

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As noted above, shares of the stock took flight on Tuesday in reaction to the company’s strong data. The stock has been largely off the radar while the cannabis space has heated up. The move and the results seem to have spurred a spotlight that became self-reinforcing – ie, it’s as if the stock went viral in the cannabis equities trading community.

In all, recent action has seen 37% during the past month in terms of shareholder gains in the company. Furthermore, the listing has witnessed a pop in interest, as transaction volume levels have recently pushed 800% beyond what we have been seeing over the larger time frame.

“Our company is extremely well positioned for the future as we continue to differentiate ourselves as a vertically integrated medical cannabis company with a unique focus on patient care. We have assembled a strong team that will ensure we continue to execute this mission,” said Executive Chairman Julian Fantino.

“I am very pleased with the significant achievements Aleafia has made in 2018. Aleafia now boasts two low-cost, modern cannabis production facilities, along with a medical cannabis clinic network that has attained 50,000 unique patients. The exponential growth achieved by our company will ensure we continue to provide sustained long-term value for both our patients and shareholders,” said CEO Geoffrey Benic.

Now commanding a market cap of $84.4M, ALEAF has a significant war chest ($30.3M) of cash on the books, which stands against virtually no total current liabilities. ALEAF is pulling in trailing 12-month revenues of $3.1M. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $ALEAF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $ALEAF, either long or short, and we have not been compensated for this article.

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