Aleafia Well being Subsidiary Secures Regulatory Approvals for Cannabis Sales in Germany

TORONTO, Sept. 01, 2020 (GLOBE NEWSWIRE) — Aleafia Well being Inc.’s (TSX: AH, OTC: ALEAF) (“Aleafia Well being” or the “Corporation”) indirect subsidiary, Aleafia Well being Germany GmbH (“Aleafia Germany”) will commence distributing healthcare cannabis merchandise to German pharmacies following regulatory approvals.

Aleafia Germany has now received a controlled drug licence from the Federal Institute for Drugs and Healthcare Devices and a European Union Very good Distribution Practice certification from the Cologne district government. Collectively, these approvals authorize Aleafia Germany to obtain and distribute healthcare cannabis merchandise inside Germany from its cannabis distribution centre (“DC”) in Aachen Brand. Aleafia Germany is anticipated to commence cannabis sales in September.

Aleafia Well being indirectly owns 60 % of Aleafia Germany, by way of a joint-venture with Acnos Pharma GmbH (“Acnos”), a German pharmaceutical wholesaler and logistics organization, which not too long ago completed its state-of-the-art pharmaceutical production and provide chain facility.

“We are delighted to launch operations in the German market place, leveraging the strength of our joint-venture’s current distribution network,” stated Aleafia Well being CEO Geoffrey Benic. “This breakthrough makes it possible for us to commence capturing market place share when operating towards the ultimate objective of getting an EU-GMP Certification for our Paris, Ont. facility.”

“With our state-of-the-art cannabis distribution centre now licensed and operational, Aleafia Germany is properly positioned to rapidly begin promoting cannabis merchandise to our wide network of pharmacies across Germany,” stated Maximillian Claudel, Acnos Co-Owner and Managing Director of Aleafia Germany.

For Aleafia Germany:

Maximillian Claudel, Managing Director
Gewerbepark Brand 21, 52078 Aachen
[email protected]

For Investor &amp Media Relations:

Nicholas Bergamini, VP Investor Relations
1-833-879-2533
[email protected]
Discover Extra: www.AleafiaHealth.com

About Aleafia Well being:

Aleafia Well being is a vertically integrated and federally licensed Canadian cannabis organization supplying cannabis overall health and wellness solutions and merchandise in Canada and in international markets. The Corporation operates healthcare clinics, education centres and production facilities for the production and sale of cannabis.

Aleafia Well being owns 3 considerable licensed cannabis production facilities, such as the initially substantial-scale, legal outside cultivation facility in Canadian history. The Corporation produces a diverse portfolio of commercially established, higher-margin derivative merchandise such as oils, capsules and sprays. Aleafia Well being operates the biggest national network of healthcare cannabis clinics and education centres staffed by MDs, nurse practitioners and educators and operates internationally in 3 continents.

Innovation, the heart of Aleafia Health’s competitive benefit, has led to the Corporation keeping a healthcare cannabis dataset with more than ten million information points to inform proprietary illness-particular item improvement and its extremely differentiated education platform FoliEdge Academy. The Corporation is committed to generating sustainable shareholder worth the TSX Venture Exchange named Aleafia the 2019 major performing organization prior to its graduation to the TSX.

Forward Searching Data

This news release includes forward-seeking details inside the which means of applicable Canadian and United States securities laws. Frequently, but not usually, forward-seeking details can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes” or variations of such words and phrases or state that specific actions, events or final results “may”, “could”, “would”, “might” or “will” be taken, take place or be accomplished. Forward-seeking details includes identified and unknown dangers, uncertainties and other elements which could lead to the actual final results, efficiency or achievements of the Corporation or its subsidiaries to be materially distinctive from any future final results, efficiency or achievements expressed or implied by the forward-seeking details contained in this news release. Dangers, uncertainties and other elements involved with forward-seeking details could lead to actual events, final results, efficiency, prospects and possibilities to differ materially from these expressed or implied by such forward-seeking details, such as dangers contained in the Company’s annual details kind filed with Canadian securities regulators offered on the Company’s SEDAR profile at www.sedar.com. While the Corporation believes that the assumptions and elements utilised in preparing the forward-seeking details in this news release are affordable, undue reliance ought to not be placed on such details and no assurance can be provided that such events will take place in the disclosed time frames or at all. The forward-seeking details integrated in this news release are created as of the date of this news release and the Corporation does not undertake any obligation to publicly update such forward-seeking details to reflect new details, subsequent events or otherwise unless necessary by applicable securities legislation.

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