OTCQB:EMHTF - Post by User
Post by
kensteron Mar 11, 2020 10:49am
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Post# 30793045
Message from the Ceo
Message from the Ceo Dear Ken,
Welcome to Emerald Health Therapeutics!
As a Canadian-based health and wellness company, we are committed to creating new consumer experiences by harnessing the power of the endocannabinoid system and cannabinoids to develop and deliver consistent, well-differentiated products to medical and recreational consumers.
With an emphasis on cannabis production excellence and product innovation, Emerald has built a platform of distinct operating assets designed to uniquely serve the Canadian marketplace and international opportunities while maintaining a focus on financial growth and strength.
Our 42.6%-owned joint venture, Pure Sunfarms (PSF), continues to excel and recently reported third-quarter results with net sales of $24.0M, a 69% gross margin, a 73% EBITDA margin and an all-in production cost at $0.63 per gram based on increased production volume and lower seasonal costs.
With our premium Qubec and certified organic British Columbia operations now readying for significant production of distinct high-quality cannabis products, Emerald’s strategy to have multiple complementary operations is maturing and we are transitioning into an effectively- integrated commercial phase of Emerald-produced and branded products.
With key legislative and sector turning points in Canada and on a global scale, it is an exciting time to be part of this important and evolving industry. We believe Emerald is well-positioned to continue carving out a unique role in this transitioning space.
On behalf of the Emerald team, I would like to thank you for your interest in our company. We look forward to sharing our news and advancements with you in the months ahead.
Riaz Bandali
President & Chief Executive Officer |