Aleafia Health signed a supply deal with Canadian LP CannTrust Holdings.
As quoted in the full press release:
Under the terms of the agreement, CannTrust has the right to purchase up to 15,000 kg of cannabis from Aleafia in 2019. It is a new agreement, expanding the relationship between the two companies.
Aleafia also has the ability to leverage CannTrust’s processing and packaging expertise to develop Aleafia brands and products.
The MOU follows Aleafia obtaining its Sales Licence this month. The company also recorded revenue from clinic operations reported in its second-quarter earnings and will reach a fully funded growing capacity of 38,000 kg of cannabis flower in early 2019.
“This major supply MOU is a testament to the sustained momentum of Aleafia’s business strategy,” said Aleafia CEO Geoffrey Benic. “Aleafia now boasts two cannabis production facilities, along with a medical cannabis clinic network that has attained 50,000 patients. The exponential growth achieved by our company will ensure we continue to provide sustained long-term value for both our patients and shareholders.”