Symbl Atmosphere Oral Cannabis Spray for Adult-use Market :-)
Company Expects to Ship First Product Order to BC Cannabis Store Today
Product Reinforces Health & Wellness Adult-use Product Strategy
Company Adding 50,000 kg Extraction Capacity to Meet Product Demand
TORONTO, April 18, 2019 (GLOBE NEWSWIRE) -- Aleafia Health Inc. (TSX: ALEF, OTC: ALEAF, FRA: ARAH) (“Aleafia Health” or the “Company”), today announced the launch of Symbl Atmosphere, the Company’s first adult-use oral metered-dose cannabis spray. The first order of Symbl Atmosphere has been placed by the BC Liquor Distribution, the sole adult-use cannabis wholesale distributor and operator of public retail stores in Canada’s third largest province. The Company expects to ship the initial order today.
The launch reinforces the Company’s health & wellness adult-use product strategy. Building on its diverse portfolio of medical cannabis products, Aleafia Health will also deliver innovative, products for health & wellness conscious consumers preferring to purchase in the adult-use market. Symbl Atmosphere ensures a precise dose with each spray in a convenient delivery system and is available in three distinct formulations.
50,000 KG EXTRACTION CAPACITY EXPANSION SUPPORTING PRODUCT DEMAND
Symbl Atmosphere is produced in-house at the Company’s Paris, Ont. processing facility, which is currently undergoing a Phase II expansion adding an additional 50,000 kg in annual extraction capacity. This will ensure adequate extraction for cannabis sourced from Aleafia Campus indoor, greenhouse and outdoor cultivation operations along with cannabis secured via existing wholesale supply agreements, which include:
Aleafia Campus Indoor cultivation at its licensed and operational Paris and Port Perry, Ont. facilities
Aleafia Campus Greenhouse cultivation at its plant-ready 160,000 sq. ft. Niagara Region facility (upon receipt of Health Canada licence)
Aleafia Campus Outdoor cultivation at its Port Perry 26-acre low-cost outdoor grow (upon receipt of Health Canada licence)
Aphria Supply: Five-year, 175,000 kg supply agreement with Aphria Inc. at preferred wholesale pricing, with the first shipment expected in mid-2019
Tilray Supply: Three-year, 9,000 kg supply agreement with Natura Naturals Holdings Inc., a wholly owned subsidiary of Tilray Inc.
“The Symbl Atmosphere brand and format extension for the adult-use consumer reinforces Aleafia Health’s commitment to delivering unique products to health & wellness conscious consumers, whether they are medical patients or purchasing OTC,” said Aleafia Health CEO Geoffrey Benic. “Precise oral spray dosing allows easy usage tracking and adjustments and has proven popular with our registered medical cannabis patient base.”