Emblem Corp EMMBF

25 mimillon deal bf Q3 release

[Eaglequeens]

Interesting

[deminimis]

I found that concerning at first too but I think they were just taking advantage of a hot market. If things continue like this for a while a really good earnings release might only get us back to $2.

[alter000]

this is not a hot market for Emblem, we finally formed a higher low and was on the edge of breaking $2 again, but then they do this BD to bring us back to downtrend again. Not only that, they boost the deal on top of this TMX mess.

[gkmackdadzzz1]

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[gkmackdadzzz1]

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[deminimis]

They haven’t announced it yet. I am guessing sometime between Nov 16 and 22nd. If they wait until the last week of Nov I would take that as an indication that it is bad news.

[gkmackdadzzz1]

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[deminimis]

Define great. I am pretty confident that they can hit 1.2M which I think would be pretty great. That would be 123% Q over Q and 25% over Q1. I wouldn't even be surprsed to see them get as high as 1.5M but I don't want to get too optimistic. The bottom line won't be great but I wouldn't expect it to be until Q2 or 3 next year.  I have no idea what is going on with the oils. I

[spasticated]

i think it's just health canada takes its sweet a$$ time for sales licences, they took like 6 more months than expected for supreme's (fire) licence to sell.

[gkmackdadzzz1]

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[cressco]

Well its good to know that the delay in the oil sale license isnt specific to Emblem. With regards to company's initial April claims, they dont make any sense since June 28th was when health canada did its' last inspection concerning this license.   

[deminimis]

You took the words right out of my mouth. I think their pre-listing materials actually projected the oils license in January. Obviously any projection that was put out their prior to the inspection was baseless. I put most of this on Dany Brody's borderline illegal efforts to promote the stock in the early going (though I can't let current management off the hook as I am sure they would

[deminimis]

gkmackdadzzz1, I think that is a bit of revisionist history on Aphria. Their phase 2 expansion was finished in Dec 2016 and HC approval took way longer than they originally expected. I remember hearing/reading interviews with Vic in which he voiced his frustration with how long the approval process was taking. They attributed 10 cents of their cost per gram for the quarter ended Feb 28 on staff

[deminimis]

Ok, I just reread Aphria's Feb 9 prospectus and they were projecting April 30 for the license which turned out to resonably close. I know Aphria has always used 4 months from completion as general guidance for their facility licenses. I don't know if the same holds true for oil licenses but if we use 4 months from the inspection date then we are looking at next week for Emblem's oil