Aleafia Health said the cannabis it grew during its initial outdoor harvest this year resulted in some of the cheapest legal pot grown in the country, a sign that thousands of kilograms of inexpensive cannabis could soon hit the market and create a potential oversupply scenario.
Toronto-based Aleafia said on Monday it grew 10,300 kilograms of outdoor-grown cannabis at its 26-acre Port Perry, Ont. facility this year, with cannabinoid levels near identical to similar strains grown indoors. The company said the total all-in cash cost to harvest the outdoor grow, which includes facility capital costs, came to $0.10 per gram, one of the lowest figures in the industry.
“Today, we can definitively say that Aleafia Health is among the lowest-cost producers while realizing close to the highest revenue per gram sold among our peers as demonstrated in our upcoming third-quarter financial results,” said Geoff Benic, Aleafia’s chief executive officer, in a statement Monday.
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