Aleafia Announces Strategic Partnership with CannTrust

Aleafia Health (TSXV:ALEF; OTC:CAMDF), a medical cannabis company announced a strategic supply partnership with CannTrust (TSX:TRST).

As quoted in the press release:

The companies have entered into a strategic genetic supply agreement through which Aleafia will receive various strains of high-quality starter genetics for its first licensed production facility in Scugog, Ontario, and CannTrust taking the right of first refusal to purchase product from Aleafia.

CannTrust has provided starter genetics to Aleafia for cultivation, which is underway at the Aleafia Farms licensed facility. Aleafia is expecting to complete its first harvest in May and, once completed, Aleafia is expecting to receive its ACMPR sales and distribution license shortly thereafter, subject to a successful inspection by Health Canada.

CannTrust will also have the ability to purchase product from Aleafia’s harvest. This would support CannTrust’s patient base and provide Aleafia with revenue growth in the near term, augmenting the existing revenue derived from the nationwide Canabo clinic network.

Click here to read the full press release.

The post Aleafia Announces Strategic Partnership with CannTrust appeared first on Investing News Network.

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