Followers | 404 |
Posts | 2400 |
Boards Moderated | 2 |
Alias Born | 09/05/2013 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, August 29, 2017 1:04:38 PM
Hahahaha to people that can't read financials on $emmbf $emc.v pic.twitter.com/7vQBFDpzKN
— Jason Spatafora (@WolfOfWeedST) August 29, 2017
The cliff notes version is that they are spending a lot of money in the build out of their facilities as expected because of impending recreational market. They are also sitting on a lot of oil they can sell and are waiting on the approval to sell from health Canada. That will be a catalyst for sure. Another thing to point out is that a lot of the cannabis they grew was not reflected in these earnings and will be reflected next quarter. Cash wise they have $24m in reserve and Echelon Partners has a price target of $2.50 CAD ($2usd) for them which they downgraded from $4.5cad because of lower expected #'s. What's not being factored in in my opinion is the Biotech division led by John Stewart formerly ceo of Purdue Pharma (makers of OxyContin).
For me, I'm banking on Biotech and Stewart. He brought 11 other drugs to market and if he can do that here it would be a windfall for longs. The fact they grow weed is just a bonus, but $2 pps target would make this a 48% gainer. And as a long I'm looking at a 2018 trade horizon depending on strength, but with Biotech $5-$10 would not shock me. And compared to Canopy and aurora which have market caps between 800m to 1.3b I believe makes emblem 1 of the most undervalued LP's in Canada. I've increased my position from 89,500 to 100,500 in last week. But I suggest you do some more research on Stewart. Here's a good start-
http://www.bbc.com/news/amp/world-us-canada-38083737
Happy trading and good luck.
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM