SEATTLE, March 21, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article featuring Aleafia Health Inc. (TSX:ALEF) (ALEAF) (ARAH.F). The company recently announced the completion of its merger with Emblem Corp. Under the terms of the agreement, Aleafia Health acquired all of Emblem’s common shares and formed a new wholly-owned subsidiary that will keep the name Emblem name. The completion of the merger marks a key milestone for both companies as they work to build long-term shareholder value.
In this article, we will take a closer look at the implications of the merger and why investors may want to take a closer look at Aleafia Health following the transaction.
Creating a New Leader
Aleafia Health’s merger with Emblem creates Canada’s largest medical cannabis clinic with more than 60,000 patients with access to unique cannabis oils, capsules and sprays. In addition, the company’s three dedicated cultivation facilities provide an ample cannabis supply to provinces, retailers and export markets. These operations are already generating significant revenue under the largest LP-to-LP supply agreement in the industry.
“The acquisition of Emblem rapidly accelerates the execution of Aleafia Health’s strategy and positioning as a vertically-integrated, diversified cannabis company with an integrated, highly differentiated consumer ecosystem,” says Aleafia Health CEO Geoffrey Benic. “Emblem’s product leadership in the medical and adult-use sectors and highly coveted supply agreements will perfectly complement our cannabis production and clinic operations.”
During the third quarter of 2018, Emblem’s revenue grew 281 percent to $2.3 million with an industry-leading $10.67 of revenue per gram equivalent. The company also reported a 20 percent quarter-over-quarter increase in its patient population to over 4,800 active patients. On the product side, the company launched an innovative oral dose-metered spray, Atmosphere, and its first adult-use cannabis brand, Symbl.
Numerous Catalysts Ahead
Aleafia Health has been making tremendous progress on its own initiatives apart from the Emblem merger. During the third quarter of 2018, the company indicated that the fully-funded retrofitting of its 160,000 sq. ft. Niagara greenhouse facility and outdoor expansion was on schedule. Management anticipates that these efforts will result in an annual production capacity of 98,000 kilograms, making it one of the larger licensed producers in Canada.
In addition to improving production capacity, the company continues to invest in patient education as a key differentiator. The company has developed and implemented a proprietary training program for all of its staff to help those with chronic medical conditions that have failed first, second, and often, third line approaches. The training program extends to both internal and partner clinics to service a maximum amount of patients.
The company also continues to make waves in the medical cannabis research space. With more than 60,000 patients, the company has amassed one of the largest medical cannabis datasets in the world, enabling researchers to validate cannabis sciences, product teams to develop innovative new products, and management to build a strong IP portfolio. In the third quarter, this division contributed $612,000 to revenue.
Aleafia Health Inc. (TSX:ALEF) (ALEAF) (ARAH.F) is well positioned within Canada’s nascent cannabis industry following its merger with Emblem. With robust patient growth, high margin products, and growing revenue, investors may want to take a closer look at the combined company ahead of several potential catalysts.
For more information, visit the company’s website at www.aleafiahealth.com.
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