Aleafia Health Stock – What You Need to Know

Another day, another cannabis stock looking to list on a major U.S. stock exchange. This time it’s Aleafia Health stock being offered on the Nasdaq exchange, that’s according to a filing that was made earlier this month. The first thing we want to point out here is that Aleafia Health (ALEF:CN) is a whole lot different from the other two stocks that we’ve looked at which are listing on a major U.S. exchange. (Aurora Cannabis has already listed under the ticker ACB and Aphria plans to list at a yet-to-be-determined date.) Here’s how these three stocks compare in size and the amount of weed each company grew in 2018:

The latest financial report from Aleafia which was filed on August 27, 2018, states that “operations at the Aleafia Farms facility have not commenced but the Company intends to produce medical cannabis for sale and distribution in Canada.” We’re not off to a good start, because here we have a licensed producer that isn’t actually selling anything, yet two major competitors have managed to each sell more than 5 tons of cannabis in 2018. As we talked about before, we’re mainly interested in looking at cannabis stocks that have a proven track record of growing lots of marijuana with attractive margins, Aphria