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Aleafia Health Inc. (V:ALEF)

Business Focus: Healthcare Facilities & Services

Sector:  Healthcare Industry:  Healthcare Facilities & Services
See Regulatory Filings on SEDAR
Company Contact
Address: 8810 Jane St 2nd Floor
Tel: N/A
IR: See website
Key People
Julian Fantino
Chairman of the Board
Geoffrey Benic
Chief Executive Officer
Benjamin Ferdinand
Chief Financial Officer, Corporate Secretary
Keith White
President of Clinic Operations
Trevor J. Newell
Chief Marketing and Technology Officer
Nicholas Bergamini
Vice President - Public Affairs
Business Overview
Aleafia Health Inc is a Canada-based vertically integrated, national cannabis company with medical clinic, cannabis cultivation and Research and Development (R&D ) operations. The Company operates a number of medical cannabis clinics staffed by physicians and nurse practitioners. The Company is differentiated, maintaining the medical cannabis dataset in the world with intellectual property holdings and current R&D operations.
Financial Overview
For the fiscal year ended 31 December 2019, Aleafia Health Inc revenues increased from C$3.3M to C$16.4M. Net loss increased from C$18.5M to C$39.6M. Revenues reflect Consultation services increase of 85% to C$2.9M, Research services increase of 62% to C$1.9M. Higher net loss reflects General and administration increase from C$2.1M to C$16.5M (expense), Wages and benefits increase from C$3.5M to C$8.8M (expense).
Employees: 173 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $119.66M as of Dec 31, 2019
Annual revenue (TTM): $16.35M as of Dec 31, 2019
EBITDA (TTM): -$30.74M as of Dec 31, 2019
Net annual income (TTM): -$39.61M as of Dec 31, 2019
Free cash flow (TTM): -$46.93M as of Dec 31, 2019
Net Debt Last Fiscal Year: $9.52M as of Dec 31, 2019
Shares outstanding: 277,893,686 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization