OTCPK:EMMBF - Post by User
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Pumperknicleon May 29, 2018 8:47am
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Post# 28092406
Highlights for the First Quarter of 2018
Highlights for the First Quarter of 2018 Highlights for the First Quarter of 2018
-- Generated $1.3 million in revenue
-- 2,950 registered patients as at March 31, 2018
-- Cannabis oil sales represented 29% of Q1 patient revenue
-- Signed a key supplier agreement to become a medical cannabis supplier to
Shoppers Drug Mart Inc.
-- $53.8 million financing increased cash balance to $83.8 million as at
March 31, 2018
-- Purchased remaining 50% of GrowWise Health Limited
-- Progressed on expansion plans to increase annual capacity to
approximately 17,000kg
-- Construction progressing on 30,000 square foot Phase 3 expansion at the
Woodslee Production Facility with GMP extraction facility, laboratory and
pharmaceutical production facility
Highlights Subsequent to the First Quarter of 2018
-- Invested in Fire & Flower Inc. and entered into 3-year preferred supplier
agreement
-- Increased patient count 22% to approximately 3,600 patients at May 28,
2018 since March 31, 2018
-- Commenced R&D on oral sustained release formulations in collaboration
with Canntab Therapeutics Limited ("Canntab")
-- Commenced inventory build for legalization of adult-use recreational
cannabis in Canada
First Quarter Financial Summary