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Marijuana

Emblem Cannabis Corporation, A Subsidiary Of Aleafia Health Inc (OTCMKTS:ALEAF), Enters A Pact With Kinstate Inc To Introduce Cannabis-Infused Sublingual Strips Canada

Emblem Cannabis Corporation, a wholly-owned subsidiary of Aleafia Health Inc (OTCMKTS:ALEAF), will introduce cannabis-infused sublingual strips and the underlying sublingual strip technology to the adult-use and medical-use cannabis market in Canada. The company entered a definitive accord with Kinstate Inc to this effect.

Exclusive Canadian rights

As per terms of the accord, Emblem Cannabis gets exclusive rights to produce and sell Kin Slips Products. It will also have the right to use the associated manufacturing technology, proprietary formulations, and IP of Kinstate to introduce the format in other overseas markets. The company will manufacture the Kin slips and innovative cannabis formats in-house at its Ontario processing facility.

Consistent and smoke-free cannabis experience

The wellness and health-conscious consumers will enjoy consistently, and smoke-free cannabis experience with Kin Slips sublingual strips. Kinstrips currently offers a variety of sublingual strips in more than a hundred retail outlets in California. They have an on-set time of 10 minutes. The consumers can enjoy the new format in Canada in Q2 2020.

Recognized for product innovation

The Kin Slips brand is widely accepted for leadership in the product innovation that comprises Excellence in Technology Award for the infused extractions and products from The National Cannabis Industry Association, featured in leading national publications that include Forbes, Bon Appetit, and Rolling Stone. It is also recognized as the best sublingual/ topical company.

Geoffrey Benic, Chief Executive Officer of Aleafia Health, said Kin Slips product line of Kinstate is already proven in the largest cannabis market in the world. The company’s approach in leveraging the formulas, packaging, branding, and manufacturing know-how of the proven partners expedites its objective to introduce the premium and unique cannabis health/ wellness brands. 

Josh Kirby, Chief Executive Officer of Kinstate, said the company is pleased that its award-winning Kin Slips are available to the audience across the world. Kirby further said the commitment of Aleafia Health to cannabis wellness and health aligns with its objective of offering the customers with a natural and discrete cannabis experience.

Aleafia Health is now a constituent company of the S&P/MX International Cannabis Index because it meets the minimum market capitalization as well as the liquidity threshold.

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Marijuana

Aleafia Health Inc (OTCMKTS:ALEAF) Provides Updates Regarding Stolen Recreational Cannabis Consignment

Aleafia Health Inc (OTCMKTS:ALEAF) recently indicated that a shipment of its recreational cannabis product had been stolen. It has now indicated that it has received an update regarding the stolen product from the third-Party transportation company.

Aleafia Health’s cannabis product consignment stolen from the carrier

The shipment of finished cannabis products for the recreational market was not stolen from the company’s facilities, but it was rather stolen while on transit. The product was in possession of the shipping company, and it was to deliver the product to provincial wholesale distributors the following week. Its third-party shipping partner has indicated that the product was en route to distributors in provinces before the incident on December 20. The shipping company indicated that the vehicle carrying the cannabis product had presumably disappeared from the carrier’s facility.

The carrier has since recorded a statement with the police, and it is cooperating with authorities in investigations. Equally, they have notified Health Canada in line with the company’s standard operating procedure as well as notified Aleafi’s insurance providers. The cannabis company has, however, indicated that the value of the stolen product was “not material.”

Currently, Aleafia is working to fulfill outstanding purchase orders to its provincial distribution partners. However, it is unclear who the company’s third-party shipping partner is at the time. Speaking to The Deep Dive, 3 Sixty Secure Corp CEO Thomas Gerstenecker stated that his company was not providing shipping services for Aleafia Health.

Aleafia Health produces proprietary cannabis derivatives

Aleafia Health has three main cannabis cultivation and production facilities, with two of them licensed and operational. Its outdoor cultivation facility is the first large scale facility in the history of Canadia. The cannabis health and wellness company is known to produce a wide range of cannabis products, which include high-margin derivatives such as capsules, oils, and sprays.

The company has a large network of educational centers and medical marijuana clinics staffed by nurse practitioners, educators, and MDs. The company has maintained a competitive edge in the medical marijuana segment because of its innovative products.

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Marijuana

Aleafia Health Inc (OTCMKTS:ALEAF) CEO Discusses The Acquisition Of Emblem Corp (OTCMKTS:EMMBF) In An Interview With CFN Media

In an exclusive interview with CFN media, Aleafia Health Inc (OTCMKTS:ALEAF) CEO, Geoffrey Benic has offered discussed the acquisition of Emblem Corp (OTCMKTS:EMMBF) which makes them a leader in the medical side of the growing cannabis industry. The acquisition creates the largest cannabis clinic network in Canada with over 138,000kgs annual planned activation capacity.

Why Emblem Corp?

The CEO indicated that they are looking at ways of accelerating their business strategy. He said that they expect to leverage their success in physician-led therapy which has grown patient loyalty because of direct contact. The acquisition of physical medical clinics is a means of differentiation from other medical cannabis transactions where products are purchased from the website and for them they want to offer something different through direct contact with a physician.

Because of the direct contact to their clients, the company has managed to garner the most significant patient base in the country of over 10 million in clinic operation expertise and proprietary data points which is significantly valuable to their global partners. There is growing consolidation of companies in the cannabis industry, and the acquisition of Emblem Corp is part of the efforts by the company to acquire companies that have complementary assets and capabilities as well as excellent management.

Meeting the company’s synergies

Mr. Benic says that Emblem Corp has a strong product portfolio in medical cannabis industry which includes sprays, oils, and capsule and since there is a short supply of such products the company is looking to leverage the opportunity to ensure patients access the supply and they can do so by consolidating the supply market. He adds that Aleafia has the clinic, patients, and cultivations and they can realize their synergies with Emblem bringing product expertise such as extraction as well as processing and labeling.

Closing on the acquisition will boost Aleafia’s distribution platform enabling them supply to top cannabis retailers such as Fire and Flower and Acnos Pharm. The company currently has a 15,000kg standpoint distribution agreement with CannTust as well as with other retail brands such as Aaron Serruya and Serruya Private Equity.

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