Emblem Corp EMMBF

RE:Emblem Completes Bought Deal Financing

[deminimis]

Ninety percent of the net proceeds from the Offering are expected to be allocated toward the currently unfunded portion of the planning, design, development, construction and implementation (including the purchase of certain designated capital equipment) of the Company's new facility which is expected to be comprised of up to approximately 120,000 square feet of greenhouse space and 50,000 square feet of infrastructure space. Although no specific investments are currently contemplated, it is expected that approximately ten percent of the net proceeds will be invested in, among other things, medical marijuana related technologies, seeds, clinical trials, genetics and research and development initiatives or other infrastructure, all within the industry.