ALEAF - Aleafia Stock: Investors Start to Notice Potential in This Cannabis Play

Aleafia stock hit its year-to-date high of $2.77 CAD in February. Since then, shares have steadily declined across the year, hitting a paltry $1.04 CAD a little over one week ago. However, a sudden resurgence happened in August that not only boosted Aleafia Health (TSX:ALEF) (OTCQX:ALEAF) stock but made investors sit up and take notice.

There is a lot of potential in this penny stock cannabis play.

On August 2, the company announced that it is considering a hostile takeover bid for troubled cannabis rival CannTrust Holdings (TSX:TRST) (NYSE:CTST). The news ...