Emblem Corp EMMBF

Emblem Completes Bought Deal Financing

[ewing1966]

https://globenewswire.com/news-release/2017/11/16/1194420/0/en/Emblem-Completes-Bought-Deal-Financing.html

[spasticated]

so it's for 50000 sq ft of infrastructure space too, what exactly does infrastructure space entail?

[daryan1]

If they're smart... a research facility for clinical testing of possibly FDA approved drugs?

[deminimis]

Non-growing space. Vault, shipping/receiving, power plant, etc. Aphria is the only other company that makes this distinction to I applaud them on their disclose, every other LP would have just called this a 170k expansion to make it sound bigger than it is.  I am just perplexed by the estimated cost. The only thing that makes sense is that every other LP is massively understated their costs

[deminimis]

Ninety percent of the net proceeds from the Offering are expected to be allocated toward the currently unfunded portion of the planning, design, development, construction and implementation (including the purchase of certain designated capital equipment) of the Company's new facility which is expected to be comprised of up to approximately 120,000 square feet of greenhouse space and 50,000