ALEAF - Aleafia Stock Continues to Hit New Low Despite Solid Results

Aleafia stock continues to hit a new low despite Aleafia Health (TSX:ALEF) (OTCQX:ALEAF) reporting its first-ever profitable quarter in its third quarter.

Although Aleafia Health managed to generate a profit in the third quarter, Aleafia stock has plunged by as much as 20% since announcing its results on November 12. In Q3 2019, the company’s revenue rose to $3.99 million, which reflects a sequential rise of 34%. Aleafia generated profits of $1.41 million, which is an excellent turnaround from the $8.68 million loss in the previous quarter.

While it is true ...