RE:Letter to Shareholders from CEO Nick Dean So all I see are a bunch of positive pie in the sky statements.
The revenues increased, which are fact and good, but did profits increase as a result (same percentage)? Patients increased, but did profits increase as a result (same percentage)?
The reason why profits are not increasing by the same percentage, is because they are buying their patients and subsidizing sales with the following fund.
https://www.newswire.ca/news-releases/emblem-establishes-temporary-patient-access-investment-fund-to-partially-cover-medical-cannabis-excise-tax-697662461.html
Once you remove the subsidies, will the patients still buy from Emblem?
Their expenses are also increasing, so the question is, are they spending wisely?
What they need to do is outline their 1, 3 and 5 year plans. Expenditures, investments, capital allocation, streams of revenue, profits, etc. They need to outline a plan to create sustainable escalating profits.