ALEAF - Aleafia Health Dives Nearly 11% on Q3 Results
Aleafia Health (OTC: ALEAF) posted the first profitable quarter in its short history, but that wasn't enough to prevent a sell-off in its stock.
Tuesday morning, the marijuana stock posted its Q3 of fiscal 2019 results. For the quarter, the company booked 5.29 million Canadian dollars ($3.99 million) in revenue, which was up by 34% from Q2's result. On the bottom line, Aleafia netted a profit of just under CA$1.86 million ($1.41 million), a sharp swing from the CA$11.48 million ($8.68 million) it lost in the preceding quarter.
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