ALEAF - Aleafia Stock Down 15% Last Month as Investors Wait on Profitability

Aleafia stock lost almost 15% in September, but can Aleafia Health’s (TSX:ALEF) (OTCQX:ALEAF) promise of profitability in the third quarter help end the slump?

On September 24, Aleafia Health issued an update to investors in which the company said it expects to post a profit in Q3 ending September 30. Aleafia stock has been on the slide for most of 2019 as the market corrects from a pre-legalization overvaluation. Several other factors have contributed to Aleafia’s decline, including a stock dilution back in March to fund the company’s $173 million CAD acquisition ...