Fire & Flower Holdings Corp (FAF)

[FUNMAN]

OMG This is awful news! Aleafia's pot shipment stolen from third party facility

2019-12-20 18:16 ET - News Release

http://www.stockwatch.com/News/Item?bid=Z-C%3aALEF-2849212&symbol=ALEF®ion=C

Mr. Nicholas Bergamini reports

ALEAFIA HEALTH PROVIDES UPDATE REGARDING PRODUCT SHIPMENT

Aleafia Health Inc. has received an update from a third party transportation company (the carrier) regarding a shipment of Aleafia Health's packaged, finished cannabis products intended for the adult-use market. The authorized carrier was in possession of the company's cannabis products and was contracted to deliver the shipment to provincial wholesale facilities in the next week. On Dec. 20, 2019, the carrier notified Aleafia Health that the transportation vehicle containing the shipment had been reported stolen from the carrier's facility. The third party carrier has filed a police report, and is co-operating with the continuing investigation.

In accordance with the company's standard operating procedures, Health Canada has been notified. The value of the shipment is not material.

The company's insurance provider has been notified and is working with the carrier and police. Aleafia Health is also making best efforts to complete the outstanding purchase orders, including with existing inventory.

About Aleafia Health Inc.

Aleafia Health is a leading, vertically integrated cannabis health and wellness company with four primary business units -- cannabis cultivation and products, health and wellness clinics, cannabis education, and consumer experience -- with e-commerce, retail distribution and provincial supply agreements.

Aleafia Health owns three major cannabis product and cultivation facilities, two of which are licensed and operational, including the first large-scale, operational outdoor cultivation facility in Canadian history. The company produces a diverse portfolio of commercially proven, high-margin derivative products, including oils, capsules and sprays. Aleafia Health operates the largest national network of medical cannabis clinics and education centres staffed by medical doctors, nurse practitioners and educators, and operates internationally in three continents.

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