TORONTO, June 14, 2021 (GLOBE NEWSWIRE) — Aleafia Well being Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Well being” or the “Firm”), a worldwide chief in hashish wellness services, as we speak introduced the enlargement of its trailblazing hashish wellness model Midday & Night time with the launch of the primary of its sort CBD Freshly Minted Roll-on. The peppermint-scented roll-on is designed to supply a soothing, fragrant expertise for hashish shoppers and sufferers via native software on the hairline, neck, brow and shoulders.
“Midday & Night time and our first to market Freshly Minted Roll-on are completely positioned to capitalize on the clear and rising demand for CBD-dominant wellness merchandise in codecs which can be acquainted to each hashish aficionados and newcomers,” mentioned Aleafia Well being CEO Geoffrey Benic. “The early market management of our wellness portfolio speaks to our crew’s rising popularity for progressive product improvement. Our broader product portfolio technique is paying dividends, with our strongest quarter in adult-use gross sales already achieved.”
On June 10, 2021, Mr. Benic made an extra buy of the Firm’s widespread shares on the general public market, for a complete steadiness of 357,000 widespread shares, all acquired utilizing private funds.
“We proceed to execute upon our acknowledged objective of bringing high-margin hashish merchandise to market, and delivering worth to shareholders, sufferers and shoppers.”
Designed and produced at Aleafia Well being’s product innovation centre in Paris, Ont., the roll-on discretely suits in your palm and comprises a curated mix of important oils together with peppermint, lavender, vetiver and eucalyptus, together with 200 mg of CBD.
Freshly Minted Roll-on continues the enlargement of the Firm’s extremely differentiated Midday & Night time model, which already options the primary of its sort Omega CBD Gentle Gels and Lavender Fizz Tub Bombs. The class main tub bombs have ranked first in each gross sales and models bought within the Tub & Bathe class since Might 1, in accordance with knowledge from the Ontario Hashish Retailer.
For Investor & Media Relations:
About Aleafia Well being:
Aleafia Well being is a vertically built-in and federally licensed Canadian hashish firm providing hashish well being and wellness companies and merchandise in Canada and with gross sales and operations in Australia and Germany. The Firm operates medical clinics, training centres and manufacturing services for the manufacturing and sale of hashish.
Aleafia Well being owns 4 important licensed hashish manufacturing services, together with the primary large-scale, authorized out of doors cultivation facility in Canadian historical past. The Firm produces a various portfolio of commercially confirmed, high-margin spinoff merchandise together with oils, capsules, edibles, sublingual strips, and vapes. Aleafia Well being operates the most important nationwide community of medical hashish clinics and training centres staffed by MDs, nurse practitioners and educators and operates internationally in three continents.
Ahead Wanting Data
This information launch comprises forward-looking info inside the that means of relevant Canadian and United States securities legal guidelines. Usually, however not at all times, forward-looking info may be recognized by way of phrases similar to “plans”, “expects”, “estimates”, “intends”, “anticipates”, or “believes” or variations of such phrases and phrases or state that sure actions, occasions or outcomes “might”, “may”, “would”, “would possibly” or “will” be taken, happen or be achieved. Ahead-looking info entails identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm or its subsidiaries to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking info contained on this information launch. Dangers, uncertainties and different components concerned with forward-looking info may trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking info, together with dangers contained within the Firm’s annual info type filed with Canadian securities regulators obtainable on the Firm’s SEDAR profile at www.sedar.com. Though the Firm believes that the assumptions and components utilized in getting ready the forward-looking info on this information launch are cheap, undue reliance shouldn’t be positioned on such info and no assurance may be provided that such occasions will happen within the disclosed time frames or in any respect. The forward-looking info included on this information launch are made as of the date of this information launch and the Firm doesn’t undertake any obligation to publicly replace such forward-looking info to replicate new info, subsequent occasions or in any other case except required by relevant securities laws.
A photograph accompanying this announcement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/52e8b43d-0ac6-49fb-bb27-baeede6cf6ba