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Aleafia Health in Big Revenue Boost With New Supply Deal

Aleafia Health (OTC: ALEAF) will be busy cultivating and shipping product over the holidays. On Monday,the company announced that late last week it signed a deal to supply 2,840 kilos of dried


Aleafia Health (OTC: ALEAF) will be busy cultivating and shipping product over the holidays. On Monday,the company announced that late last week it signed a deal to supply 2,840 kilos of dried cannabis flower to an entity it described only as a "Canadian Licensed Producer."

The price per gram of the cannabis will be 2.50 Canadian dollars ($1.88), for total gross revenue of CA$7.1 million ($5.3 million). The product will be delivered in a maximum of three shipments, the final one before Jan. 31, 2020. All of it derives from the company's Port Perry cultivation facility near its headquarters in the Canadian province of Ontario.

Image source: Getty Images.

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Source Fool.com

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