Emblem Corp EMMBF

RE:Shoppers Drug Mart

[dmacd]

I am expecting to see Emblem sign a licence with Enwave for their cannabis drying technology to basically eliminate the drying area and time and better controls with less spoiled product. It is a no brainer for the medical side of the business. The machines are not that expensive vs the drying space costs. Enwave (and Tilray) gets a small royalty on sales.

Tilray is first mover in this area and Green Organic Dutchmen is second mover. Tilray gets a slice of the royalty since they helped Enwave with the development costs. The smoking side is still being developed and is more tedious since the some the oils will be released upon the vacuum microwave drying process. 

I bought into Enwave as a back door to the Cannabis market and to derisk since food dehydration is their core business as a second growth arm. However, I do hold Emblem and I am quite pleased with the Aleafia transaction. I thought Emblem was doing well also but the SP was lanquishing so that meant their IR was not able to sell their vision to the big money investors. 

Combined we are stronger so I will continue to hold for the longer term.