Aleafia Health Expands Adult-Use Presence with Entrance in Saskatchewan, New Provincial Market

Rhea-AI Summary

Aleafia Health Inc. has launched its cannabis products in Saskatchewan, expanding its reach to cover 67% of Canada's population. The product range includes sublingual strips, oils, dried flowers, and vape cartridges. CEO Geoffrey Benic emphasized this launch is a key part of their adult-use strategy, which aims to introduce new product formats. This follows the debut of their Sunday Market cannabis portfolio, which features brands like Bogart’s Kitchen. Aleafia Health is a leading integrated cannabis company in Canada, noted for its production facilities and medical cannabis clinics.

Positive

• Launch of cannabis products in Saskatchewan, increasing market presence.
• Products now available in four provinces, covering 67% of the Canadian population.
• Expansion aligns with Aleafia's broader adult-use strategy and new product formats.

Negative

• None.

TORONTO, March 16, 2021 (GLOBE NEWSWIRE) -- Aleafia Health Inc. (TSX: AH, OTC: ALEAF) (“Aleafia Health” or the “Company”) is pleased to announce that its products are now available to consumers in Saskatchewan. The initial provincial launch includes a broad array of Aleafia Health’s cannabis product portfolio, including sublingual strips, cannabis oils, dried flower, and vape cartridges. The Company's adult-use products are now available in four provinces representing 67 per cent of the Canadian population.

“The expansion into this new market is part of a much broader adult-use strategy that we continue to accelerate through the launch of exciting new product formats,” said Aleafia Health CEO Geoffrey Benic. “We are excited to begin expanding our presence in Saskatchewan, a province which boasts a well-earned reputation for a business and consumer-friendly cannabis regulatory regime.”

This follows the launch of Aleafia Health’s Canadian cannabis portfolio Sunday Market. Under the Sunday Market family are four new distinct brands, including the cannabis edibles brand Bogart’s Kitchen, which launched with THC Soft Chews in March 2020.

For Investor & Media Relations:

Nicholas Bergamini, VP Investor Relations
1-833-879-2533
IR@AleafiaHealth.com
LEARN MORE: www.AleafiaHealth.com

About Aleafia Health:

Aleafia Health is a vertically integrated and federally licensed Canadian cannabis company offering cannabis health and wellness services and products in Canada and in international markets. The Company operates medical clinics, education centres and production facilities for the production and sale of cannabis.

Aleafia Health owns four significant licensed cannabis production facilities, including the first large-scale, legal outdoor cultivation facility in Canadian history. The Company produces a diverse portfolio of commercially proven, high-margin derivative products including oils, capsules, edibles, sublingual strips, and vapes. Aleafia Health operates the largest national network of medical cannabis clinics and education centres staffed by MDs, nurse practitioners and educators and operates internationally in three continents.

Forward Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian and United States securities laws. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained in this news release. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including risks contained in the Company’s annual information form filed with Canadian securities regulators available on the Company’s SEDAR profile at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking information included in this news release are made as of the date of this news release and the Company does not undertake any obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

FAQ

What recent expansion did Aleafia Health announce?

Aleafia Health announced the launch of its cannabis products in Saskatchewan.

What product types did Aleafia Health introduce in Saskatchewan?

The product types include sublingual strips, cannabis oils, dried flower, and vape cartridges.

How many provinces in Canada offer Aleafia Health's products now?

Aleafia Health's products are available in four provinces.

What percentage of the Canadian population can access Aleafia Health's products?

Aleafia Health's products are now available to 67% of the Canadian population.

What is the significance of the Sunday Market portfolio for Aleafia Health?

The Sunday Market portfolio includes distinct brands and supports Aleafia's product diversification strategy.