Aleafia Health (TSX: ALEF) had a one of a kind news release after market hours this evening, identifying that a shipment of its product for the recreational market has been stolen. It wasn’t stolen from its facilities however, rather, it was stolen while in transit.
Aleafia announced in the news release that it had been issued an “update” from its third party product shipping partner that its packaged, finish cannabis product that was en route to provincial distributors had been apprehended by thieves on December 20. The carrier identified that the vehicle the product was in was stolen from their presumably secure facility.
Health Canada has been notified of the theft as per regulations, however Aleafia has indicated that the value of the product was “not material.” The event has been reported to authorities, as well as to Aleafia’s insurance providers. The firm is also working to fulfill now outstanding purchase orders with its provincial partners.
It is unclear who Aleafia Health’s third party shipping provider is at this time. However, 3 Sixty Secure Corp (CSE: SAFE) CEO Thomas Gerstenecker did reach out to The Deep Dive to identify that it was not their company providing transport services to Aleafia Health.
Aleafia Health last traded at $0.56 on the Toronto Stock Exchange.
Update: Article updated 12/21/2019 to reflect that 3 Sixty Secure Corp was not the third party transportation provider for Aleafia Health.
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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.