Emblem Corp EMMBF

RE:RE:RE:RE:RE:RE:Will

[Mamalikespie]

Impairments were caused by the large amount of debt concordia took on while going on a buying spree. Krepnner left shortly after this news release in 2017. He was promoted to CEO and president just after their first 90% drop in 2016, after it was discovered that basically their business model wasn't viable and the CEO resigned. I don't know what his role was in creating the business model, but I think he was fairly operational before he was CEO. Fair enough he failed to increase  profits and save the sinking ship, but it was sinking long before he was president. As COO I think generally he did a good job. Concordia is a story of weak strategy, coupled with taking on too much risk and not considering the change of the regulatory landscape which ended up yielding weak profits that couldn't cover their debt burden. Actually, it is much more relavant to Cannopy and Aphria, who are burning through their cash on buying sprees. Aphria won't be able to generate more capital now, so if they burn through what cash they have before they start making money they are basically done.