ALEAF - ALEF Stock Gains Momentum on Aleafia's Revenue Growth

ALEF stock has been outperforming the broader cannabis stocks this month amid several positive developments coming from Aleafia Health (TSX:ALEF) (OTCQX:ALEAF).

On Monday, the company posted solid growth in its top line for its first quarter, while the net loss came in at $20.2 million.

Solid Revenue’s Growth

For the latest quarter ended on March 31, 2019, Aleafia Health posted revenues of $1.5 million, an impressive jump of 1,723% from $0.1 million in a year ago quarter. Net loss for the quarter stood at $7 million, which excludes the one-off non-cash payment ...