Aleafia Health Announces New International Partner, Strengthening Connections in High-Potential European Market
Retrieved on:
Monday, January 30, 2023
TORONTO, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Aleafia Health Inc. (TSX: AH, OTCQB: ALEAF) (“Aleafia Health” or the “Company”) is pleased to announce that it has signed a new European cannabis distribution partner, representing a one-year, approximately $1 million contract1, significantly bolstering the Company’s record $1.2 million year-to-date sales in its growing international channel.
Key Points:
- TORONTO, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Aleafia Health Inc. (TSX: AH, OTCQB: ALEAF) (“Aleafia Health” or the “Company”) is pleased to announce that it has signed a new European cannabis distribution partner, representing a one-year, approximately $1 million contract1, significantly bolstering the Company’s record $1.2 million year-to-date sales in its growing international channel.
- “This new announcement is very significant: it builds upon advancements made in August 2022 when the Company revealed a two-year $4.6 million European sales commitment and broadens our international reach,” said Aleafia CEO Tricia Symmes.
- “The Company is involved in overseas markets because international success leverages both its products and brands, and the addressable European cannabis market is high potential, so this relationship provides another gateway into further European expansion in the medical and potential recreational markets.”
“These international agreements are an important part of our strategic plan for growth and profitability,” said Matt Sale, CFO. - Now David Pasieka will build on those accomplishments, guiding us to further growth and enhanced profitability.”
2 This is a non-IFRS measure.