Emblem Corp EMMBF

Bad news for Canopy?

[ledrog]

A globe article reports that Mettrum has been caught using a banned  and dangerous pesticide on their cannabis:  

https://www.theglobeandmail.com/news/national/marijuana-supplier-hid-pesticide-from-inspectors-former-worker-says/article33962026/?cmpid=PM0217_JM_marijuana&utm_source=FB&utm_campaign=PM0217_JM_marijuana

Mettrum and Canopy announced merger plans back in December:

https://business.financialpost.com/news/agriculture/canopy-grow-to-acquire-rival-mettrum-for-430-million-to-form-mega-company-serving-half-canadas-medical-pot-users

[carwash]

Sure it.s news. A must read. Story posted at 9pm thursday feb 9th.

[BarackObongma]

Did you read the article fully? The article is about an issue (from over a year ago) with Mettrum before Canopy acquired them...It hasn't effected the stock at all, Canopy is on a huge run right now actually. 

[ledrog]

I read the article....but you're right, it hasn't affected the PPS.....although I wouldn't call 3 or so % "huge", either up or down.....

[brentkosta]

This post has been removed in accordance with Community Policy

[anmckenn]

i think that illegal chemical usage by that company they just acquired will now put a cloud over the whole corporation as they now have to answer for it. Think about all the people who bought and smoked the tainted weed over that time that can now come back and get together and sue as they thought they were getting medicine, they were smoking hydrogen cyanide instead. Its gonna get messy soon!!!!

[Princerudynasim]

How so? Canopy aquired Mettrium not the other way around. The CEO for Mettrium isnt part of the company anymore if i am correct. This is a good old point the finger at old management and say you are with us now. See if they gave Mettrium's old management positions within Canopy calling shots the way they were in Mettrium then i would agree with you. 

[xanthax]

Guys, none of Mettrium product with the pesticide even made it to the street. As soon as it was tested by Govt and proven to have the pesticide, it was denied. The whole four month crop and any other grow-up stage with it was burned. It has no effect on Canopy share price. Wait and see, as soon as eligible shareholders of EMC are allowed to sell, news will come out. This isn't the first

[brentkosta]

This post has been removed in accordance with Community Policy

[Seraphim1]

Me too. If they can keep up the sp above 4.00 the more reluctant people will be to dump. If the sp gets down to 3.00, this will create nervous Nellies  and you'll have the dumping more exasperated. But in the long run this will be all forgotten when the stock hit $10+. I expect good news coming in a barrage of announcements.