Emblem Corp EMMBF

Healthcare Biotechnology Cannabis

"Emblem Corp is a licensed producer of medical cannabis. It is intended to cultivate and cure cannabis for medicinal use. The group operates in the business segment of production and sale of medical cannabis."

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Emblem Corp > Emblem 25 Million Deal

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Comment by deminimison Oct 16, 2017 8:18pm

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Post# 26819668

RE:RE:RE:RE:RE:Emblem 25 Million Deal

I think two material things changed since the May PR that pushed them over the brink of requiring financing, they decided to retrofit their current grow rooms and the cost of the Pharma facility jumped from 7M to 12M between their Q1 and Q2 MD&A. I never did get an explanation from IR as to what caused such a big change in the CapEx for that. Presumably they made some material design changes.

This is their stated capital requirements vs available capital before this financing:

Grow Room Retrofit+CoGen Power Plant	5,000,000.00
Pharmaceutical Lab/Office Space	12,000,000.00
Pharma R&D	1,000,000.00
Working Capital	3,000,000.00
Phase 3 Expansion	35,000,000.00
Total	56,000,000.00
Cash On Hand	23,664,422.00
Callable Warrants	12,000,000.00
Shorfall	20,335,578.00