Emerald Health Therapeutics Inc TBQBF

RE:EMH’s 3rd Quarter Revenues

[vandenp]

Metalbrain2015 wrote: EMH has yet to release their 4th quarter financials of 2017.  Their reported 3rd quarter figures came in at a paltry revenue of $211,316.  Their 4th quarter revenue numbers are probably not that much more since their growth in revenue since the 1st quarter of 2017 hasn’t noticeably improved

2017 1st quarter revenue : $201,268
2017 2nd quarter revenue : $245,708
2017 3rd quarter revenue : $211,316

In 2017 EMH’s 9 months of revenue came in at $658,292.  Lets say EMH’s 4th quarter revenue comes in at $350,000 - putting their yearly earnings at $1million.  EMH’s market cap of $686 million with an annual revenue of $1 million is trading at 686 X earnings - that has to be the highest in the sector by a very wide margin.

LPs Last Reported Quarterly Revenue

WEED ($6.5 Billion)

• $21.7 million

LEAF ($1.9 Billion)

• $9.8 million

APH ($2.6 Billion)

• $8.5 million

ACB ($5.4 Billion)

• $8.2 million

TRST ($780 million)

• $7 million

OGI ($570 million)

• $2.6 million

THCX ($728 million)

• $1.1 million

MARI ($200 million)

• $740 thousand

EMC ($152 million)

• $592 thousand

EMH ($690 million)

• $212 thousand

ABCN ($390 million)

• $177 thousand

EMH hasn’t been able to attract a mentionable amount of MMJ patients and thus have meagre revenues compared to the top LPs. Granted there are other LPs who have very little to no revenue from MMJ patients as well, but those LPs have been using a lot of their raised capital to actually build out their huge growing facilities to take advantage of the recreational market, as one can tell by their 2018 production.  The latest investor presentation sure looks and sounds good as does their promotions:  

Avtar Dhillon:     “It’s a very important part of our strategy, because in the cannabis world right now, for us licensed producers, with the July 2018 date coming up, everybody is concerned about supply. So we looked for a partnership, and we found Village Farms, which was a great, high tech, large volume, low cost grower, and formed a partnership so that we can supply and be able to make our end product. So we’re very, very excited about it. The first phase is about 1.1 million square feet, and then we have an option on another 3.7 million square feet. So that would be by far the biggest facility in the world.”

It’s all great to tout and promote ambitious plans, but they’ve been in no rush to actually expand as large as most other LPs have and are :

Production Numbers

• APH by Jan 2019 : 220,000kg/yr. 
• WEED by late summer : 180,000kg/yr.   
• ACB by mid summer : 133,000kg/yr
• LEAF by End Of 2018 : 140,000kg/yr
• THCX by end of 2018 : 108,000kg/yr
• MARI by end of 2018 : 95,000kg/yr
• TILRAY by late 2018 : 51,000kg/yr
• OGI by November 2018 : 50,000kg/yr
• TRST by May 2018 : 46,000kg/yr
• HIP by end of 2018 :  25,000kg/yr
• IMH by end of 2018 : 24,000kg/yr
• WMD by late 2018 : 21,000kg/yr
• ABCN by end of 2018 : 20,000kg/yr
• HVT by end of 2018 : 20,000kg/yr
• EMC late 2018 : 17,000kg/yr
• EMH by late 2018 : 15,250kg/yr
• Plus 77 other LPs

 

Incredible posts Metalbrain2015.
Can you tell me where you get your numbers from?
In particular, the "WEED by late summer : 180,000kg/yr.".