Saturday, May 31, 2025

Latest

Aleafia Health Receives Cultivation License from Health Canada

Aleafia Health Inc (TSX: ALEF), through its wholly-owned subsidiary, has been granted a Health Canada Cultivation License on March 13, 2020 for its facility located in Grimsby, Ontario.

This facility, called the Niagara Facility can produce an indoor all-year harvest via its advanced moving container bench system, while providing decreased operating costs and execution risk. Aleafia is currently planning its 2020 outdoor cultivation at the company’s Port Perry Facility, and will be using the Niagara Facility to grow starter plants that will later be transplanted outdoors.

The cultivation license is valid until March 13, 2023, and allows Aleafia to cultivate propagate, harvest, and sell cannabis for both the adult-use and medical cannabis market. However, this license is only limited to Building 1 of the facility. Building 1 comes equipped with a greenhouse that is approximately 50,000 square feet in size, in addition to a 20,000 square foot area which will be used for storage and drying as well as shipping procedures. Given the limitations of the cultivation license, the company plans to pursue an amendment application with Health Canada to cultivate product in the remaining 90,000 square feet of greenhouse.

Aleafia is a Canadian cannabis company focused on the production and sale of cannabis. The company also operates several medical clinics and education centers for cannabis.

Aleafia Health Inc is currently trading at $0.49 on the TSX.


Information for this briefing was found via Sedar and Aleafia Health Inc. The author has no securities or 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

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Aleafia Health Rumoured to Be Placing Hostile Bid for Canntrust Holdings

Aleafia Health (TSX: ALEF) is rumored to be placing a hostile bid for Canntrust Holdings...

Friday, August 2, 2019, 02:45:12 PM

Numerous Canadian Licensed Producers See Additional Licenses Granted

A number of Canadian licensed producers announced Health Canada approvals for expanded facilities this morning,...

Monday, October 7, 2019, 09:54:10 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 Health Enters Binding LOI For Israeli Supply Agreement

Aleafia Health (TSX: AH) this morning announced that it has entered into a binding letter...

Thursday, December 10, 2020, 08:01:05 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