OTCPK:EMMBF - Post by User
Comment by
deminimison May 29, 2018 2:45pm
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Post# 28095065
RE:RE:RE:Highlights for the First Quarter of 2018
RE:RE:RE:Highlights for the First Quarter of 2018 From the MD&A:
"In total, the Company currently anticipates that the Paris Road Expansion will cost approximately $45 to $55 million to complete. The Company’s current plan includes breaking ground on the newly acquired lands during the second quarter of 2018 and to begin cultivation by the first quarter of 2019.....The Company is concurrently reviewing additional strategies which could have the potential to accelerate Emblem’s access to increased production capacity"
Are these strategies in addtion to the greenhouse expansion or instead of? I hope it is instead of! $3.00-$3.66 of Capex per gram of annual production is a terrible investement. Might have been worth it if it were going to give them first mover advantage for day one of rec but for something that won't have saleable product until about a year after rec starts and oversupply is starting to set in) Please don't.