Aleafia Health Repays Debentures, Releases Extremely Vague Commentary On Q4 Results

Aleafia Health (TSX: AH) confirmed this morning that, as previously announced, the company has managed to pay of its 8% unsecured convertible debentures that came due today. In total, the payment is believed to have amounted to $25 million.

The company also revealed this morning that it achieved “record cannabis net revenue” in the fourth quarter of 2020 ended December 31, 2020. Full details were not provided by the company, however the company indicated that medical cannabis saw its best quarter to date in Q4, with growth expected to continue, with January seeing its fourth consecutive monthly record for medical cannabis revenue.

For adult-use revenue, the company shifted the goal posts, indicating that the first month of 2021 saw sales so strong that “they nearly surpassed total order value in Q4 2020,” however the total order value for the fourth quarter was not provided, making the data provided unusable. The company also indicated that international sales have continued with new supply agreements, while note product formats are to be launched 2021.

Aleafia Health last traded at $0.73 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

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

Aleafia Walks From Proposed Merger With Red White & Bloom

Aleafia Health (TSX: AH) has been forced to walk away from the previously announced proposed...

Monday, July 17, 2023, 08:22:14 AM

Aleafia Health Revenues Crater 53.5% To $7.1 Million

It’s the tale of the Canadian public cannabis operator. Aleafia Health (TSX: AH) this morning...

Tuesday, May 11, 2021, 08:22:28 AM

Aleafia Healths Posts Revenues of $3.83 Million for Q2 2019

Aleafia Health (TSX: ALEF) reported net revenues for the second quarter of $3.83 million this...

Wednesday, August 14, 2019, 11:15:16 AM

Aleafia Health Receives Cultivation License from Health Canada

Aleafia Health Inc (TSX: ALEF), through its wholly-owned subsidiary, has been granted a Health Canada...

Tuesday, March 17, 2020, 09:00:00 AM

Aleafia Health Secures $12 Million Term Loan, $7 Million Receivables Credit Facility

Aleafia Health (TSX: AH) this morning did some juggling of its outstanding debt as a...

Wednesday, December 29, 2021, 08:11:07 AM