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Benzinga
Benzinga
Business
Jelena Martinovic

Will Aleafia Reach Its Revenue Goals With Convertible Debt Being 'Pushed Back'? Analyst's Thoughts Post Q4 Earnings

Aleafia Health Inc. (OTC:ALEAF) reported its financial results this week for the three and 12 months ended Dec 31, revealing quarterly revenue of $8.8 million compared with $15.2 million in the fourth quarter of last year, representing a 9% sequential drop.

Recreational sales increased to $6 million. However, medical and bulk sales decreased to $2.5 million and $0.5 million, respectively.

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