Emblem Corp EMMBF

RE:RE:RE:RE:RE:RE:RE:RE:RE:being patient

[cressco]

Thanks for your elaboration but your math about their 2020 production being priced is somewhat off. Their capacity now will be 8K Kgs in total. This will generate 60 million annual revenue (average gram sold 7.5$/gram), and profits of 42 million per year (profit margins 70% for retail sales). All these numbers are from their presentation. So with current mkt cap just under 800 million we can both agree that this production is priced in and nothing beyond that. Their phase 3 that is planned to be completed by this September will almost triple this production and bring the total to 22K Kgs. Let's say the total difference will be sold wholesale at 50% margins (based on their presentation), they should generate additional revenue of 105 million and additional profits of 52.5 million, bringing their total annual profits to around 95 million and with a or of 15, that translates into a 1.4 billion dollar mkt cap. I don't even want to mention phase 4. Regards