Aleafia Enters New International Supply Agreement, Initial 1,000 KG Dried Cannabis Order Placed

Aleafia Health (TSX: AH) has entered into a new three year cannabis supply agreement as of this morning. Under the agreement, the company is to provide Europe-based Apipharm Veletrgovina with dried cannabis flower grown at its Niagara greenhouse facility.

As has seemingly become standard with such cannabis supply agreements, little details were provided of the arrangement. While it is known that the length of the agreement is three years, its unclear whether there are annual minimums or maximums within the agreement, or what the total expected size of the arrangement is.

The company did indicate that an initial purchase order has been submitted under the agreement, with Apipharm ordering an initial 1,000 kilograms of dried cannabis under the arrangement. The order is expected to ship “as early as” the end of the first quarter of 2021, which is dependent on the timing of the required governmental permits.

Aleafia Health last traded at $0.60 on the TSX.


Information for this briefing was found via Sedar and Aleafia Health. The author has no affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Aleafia Health To Repay $25.0 Million In Convertible Debt Due In February

Aleafia Health (TSX: AH) this morning issued a brief update, indicating that the company is...

Tuesday, January 5, 2021, 09:11:39 AM

Aleafia Health Produces 10,300 KG of Cannabis on 26 Acre Outdoor Harvest

Aleafia Health (TSX: ALEF) announced its outdoor harvest yields this morning, identifying that they had...

Monday, November 11, 2019, 09:12:43 AM

Aleafia Completes Outdoor Planting On 66 Acres

It appears that poor sector tailwinds have yet to slow down Aleafia Health (TSX: AH)...

Friday, July 10, 2020, 08:43:09 AM

Aleafia Health Revenues Decline 49.2% In Third Quarter 2020

Aleafia Health (TSX: AH) has seen its revenues decline 49% on a quarter over quarter...

Wednesday, November 11, 2020, 08:09:14 AM

Aleafia Health Signs Letter Agreement To Be Acquired By Red White & Bloom

In one of the more unexpected match-ups in the cannabis space, it was announced yesterday...

Thursday, June 8, 2023, 08:52:58 AM