EMH... Bringing VFF down?I initially loved the partnership and bought into EMH @ 1.40. Thankfully sold @ 8$ as I have no idea how people could value this company at a billion dollars given the following:
They're not taking new patients, minimal sales, no plan for recreation.
Their 500SQ FT growhouse to grow their own weed stilll hasn't begun construction(delays?). Even without the facility being constructed, EMH is paying to rent the land from none other than their CEO.
That leaves them with Sunfarms weed to sell to a handful of patients, at an unknown purchase price. A small LP from Quebec. A bitcoin blockchain(jumping on the marketing hype) company to track their product.
It was actually the pumping of their blockchain aquisiiton that made me realize EMH was pretty hollow as a company.
Honestly, I think VFF could have raised the 20 million themselves for the retrofit and been way better off on their own, or have found a much better partner. Now they're just kind of stuck until EMH burns through their cash, goes bankrupt and negates their end of the contract.
Thoughts?