Aleafia stock is in the green on Thursday after Aleafia Health (TSX:ALEF) (OTCQX:ALEAF) announced that it had reached an agreement with a leading, unnamed post-secondary institution to launch a series of courses and programs related to cannabis education.
Aleafia Stock Up 8% on Educational Partnership
The deal has been struck through Aleafia Health's educational services subsidiary, FoilEdge Academy, with what it describes as "one of the largest Canadian post-secondary institutions." The program will see the institution pay license fees for FoilEdge's service, with courses being made available to students "on a non-exclusive basis for a one-year term which is automatically renewable for two consecutive one-year terms." Aleafia stock is up about 8% following news of the partnership.
Aleafia described the freshly announced deal as "a major step forward for Aleafia Health's education platform and our broader cannabis health and wellness ecosystem."
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FoilEdge academy was launched by Aleafia back in April, and also offers online-based courses aimed at private sector organizations, educational institutions, and the public at large. Aleafia built FoliEdge's platform with the help of D2L, a privately held Canadian company that specializes in online learning. Some of the courses on offer include Cannabis 101 and Cannabis in the Workplace, and given that a large portion of Aleafia's business is medicinal cannabis, there are courses aimed at medical professionals. Aleafia shares are currently trading for $0.78.
The Envy of the Industry
Despite being one of the smaller pot stocks, Aleafia Health has certainly established a business model that could be seen as the envy of the industry, and the launch of this unique educational partnership could supplement the company nicely. During the flurry of earnings reports last week, Aleafia was one of the few cannabis companies to post a profit in the most recent quarter, the first time it had managed to do so. Despite the profitable quarter, Aleafia stock lost about 30% before recovering slightly this week.
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