Emblem Corp EMMBF

Highlights for the First Quarter of 2018

[Pumperknicle]

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 

[gkmackdadzzz1]

This post has been removed in accordance with Community Policy

[canaken1]

Its a bigger baloney/bologna..lots more fat but where's the meat. Not excited.. sorry.

[deminimis]

Yeah, so much for a business update. They clearly have not broken ground on the greenhouse yet. It is my suspicion that they still don’t plan on building it but won’t announce it until they have a supply deal in hand. At least I hope that is the case, it is just dreadful execution if not. Per the MD&A they purchased 200K of product from other LPs this Q. That is probably about 50 KGs.

[deminimis]

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

[irondog2017]

I was a shareholder a year ago. I am not currently. However I am continuing to do my DD on Emblem. Here's my most recent DD.  Emblem recently submitted an Application for a Site Plan Control Review. It includes items such as site design, layout, parking provisions, servicing, grading, storm water management etc. The approval will most likely take 4 - 6 months. Once approved it could take

[deminimis]

How do you know this? Have you seen the site plan? Is it a greenhouse or some kind of manufacturing facility? Their stated plan is to build a 135k sq ft greenhouse with a 35k sq ft head house. Where are you getting 100K sq ft from? Is that in the site plan?

[irondog2017]

I have not seen the site plans. I called the County of Brant Economic Planning dept. 

[deminimis]

I assume their application will show up on here once it has been processed: https://www.brant.ca/en/invest-in-brant/active-applications.aspx

[WATERDANCER]

45 TO 55 MILLION FOR A ROAD EXPANSION........ WHAT THE HELL ARE THEY PUTTING IN ... A SUPER HIGHWAY ?...... MUST BE A MUCH CHEAPER WAY TO BEGIN WITH...... THATS AWY TO MUCH TO SPEND FOR A START UP COMPANY.