Aleafia Overall health Subsidiary Secures Regulatory Approvals for Cannabis Sales in Germany

TORONTO, Sept. 01, 2020 (GLOBE NEWSWIRE) — Aleafia Overall health Inc.’s (TSX: AH, OTC: ALEAF) (“Aleafia Overall health” or the “Enterprise”) indirect subsidiary, Aleafia Overall health Germany GmbH (“Aleafia Germany”) will commence distributing healthcare cannabis goods 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 goods inside Germany from its cannabis distribution centre (“DC”) in Aachen Brand. Aleafia Germany is anticipated to commence cannabis sales in September.

Aleafia Overall health indirectly owns 60 % of Aleafia Germany, by way of a joint-venture with Acnos Pharma GmbH (“Acnos”), a German pharmaceutical wholesaler and logistics enterprise, which lately completed its state-of-the-art pharmaceutical production and provide chain facility.

“We are delighted to launch operations in the German marketplace, leveraging the strength of our joint-venture’s current distribution network,” stated Aleafia Overall health CEO Geoffrey Benic. “This breakthrough enables us to commence capturing marketplace share though operating towards the ultimate purpose 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 effectively positioned to immediately start out promoting cannabis goods 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 Additional: www.AleafiaHealth.com

About Aleafia Overall health:

Aleafia Overall health is a vertically integrated and federally licensed Canadian cannabis enterprise providing cannabis overall health and wellness solutions and goods in Canada and in international markets. The Enterprise operates healthcare clinics, education centres and production facilities for the production and sale of cannabis.

Aleafia Overall health owns 3 substantial licensed cannabis production facilities, such as the initially significant-scale, legal outside cultivation facility in Canadian history. The Enterprise produces a diverse portfolio of commercially verified, higher-margin derivative goods such as oils, capsules and sprays. Aleafia Overall health 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 Enterprise sustaining a healthcare cannabis dataset with more than ten million information points to inform proprietary illness-particular item improvement and its very differentiated education platform FoliEdge Academy. The Enterprise is committed to generating sustainable shareholder worth the TSX Venture Exchange named Aleafia the 2019 leading performing enterprise prior to its graduation to the TSX.

Forward Seeking Data

This news release consists of forward-searching data inside the which means of applicable Canadian and United States securities laws. Frequently, but not generally, forward-searching data 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 particular actions, events or outcomes “may”, “could”, “would”, “might” or “will” be taken, happen or be accomplished. Forward-searching data includes recognized and unknown dangers, uncertainties and other components which may perhaps trigger the actual outcomes, efficiency or achievements of the Enterprise or its subsidiaries to be materially various from any future outcomes, efficiency or achievements expressed or implied by the forward-searching data contained in this news release. Dangers, uncertainties and other components involved with forward-searching data could trigger actual events, outcomes, efficiency, prospects and possibilities to differ materially from these expressed or implied by such forward-searching data, such as dangers contained in the Company’s annual data kind filed with Canadian securities regulators readily available on the Company’s SEDAR profile at www.sedar.com. Though the Enterprise believes that the assumptions and components utilised in preparing the forward-searching data in this news release are affordable, undue reliance should really not be placed on such data and no assurance can be provided that such events will happen in the disclosed time frames or at all. The forward-searching data incorporated in this news release are created as of the date of this news release and the Enterprise does not undertake any obligation to publicly update such forward-searching data to reflect new data, subsequent events or otherwise unless needed by applicable securities legislation.

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