Post by
falcoooo on Nov 11, 2017 9:53am
Production Expansion
When do you think we will hear about the expansion listed below? Does anyone have an update?
"In order to pursue this strategy, Emblem has acquired 2 contiguous parcels of land aggregating about 80 acres in Paris, ON, a short distance from its current Woodslee Ave. facility. The new lands will house Emblem’s production for the anticipated adult recreational market. Production capacity will be built in modules that will house about 70,000 sq. ft. of cultivation space together with additional space to house ancillary functions (drying, trimming, curing, vaults, packaging, fulfillment, materials handling, administration etc.). Each module would produce over 10,000 Kgs per year at 1 gram per watt per harvest with upside potential to materially increase production levels based on improved operating efficiencies and a positive impact from the Company’s genetics program. Emblem currently expects to break ground on the newly acquired lands before year end and be in production by spring, 2019"
Comment by
deminimis on Nov 11, 2017 10:42am
I am pretty sure that there will be a shareholder update sent out about this next week. If not, there will definitely be an update in their MD&A.
Comment by
falcoooo on Nov 11, 2017 10:54am
Is this fully funded to 70k sq ft?
Comment by
deminimis on Nov 11, 2017 11:11am
They were fully funded for 70k assuming the BD closed but the plan has changed somewhat and the CapEx has gone up so I think they are going to need a little bit more than this BD to complete the project. With the warrants and the ability to get a mortgage on the Paris Rd lands they should not need to issue additional shares to complete funding.