Emblem Corp. (fka EMMBF)

[lbcb123]

Thoughts on Q2 revenue:

I was going to predict about $1.8M in Q2 revenue, but am lowering it to $1.65M as I hope they have capped sales to other LPs and are building inventory for the future. My guesses for the breakouts:

$650K dried flower to patients.
$400K dried flower to other LPs.
$300K cannabis oil products.
$250K GrowWise revenue.
$50K other.

$1.65M total revenue.

$1.277M for Q1 and $1.65M for Q2 is "only" a 29% growth rate quarter over quarter, but like I said... I hope they are building inventory and not selling all excess to other LPs at $5/gram.

This will be the first quarter I get a better feel for how many grams per month their patients are using. It appears to be much less than 30 grams/month that was estimated here earlier. If it were that high revenue would be:

2475 average per day dried flower patients = $1.91M
825 average per day oils patients = $1.04M
Other LPs, GrowWise and other sales - $700K

Total of $3.65M Q2 revenue if there was 1 gram/day of paid revenue per patient.

Starting patient count 2950 and estimating end patient count at 4000 with 3300 average per day for the quarter. Dried flower revenue at last quarter's $8.59/gram and oils at $13.95/gram.

So either Emblem patients consume much less than 1 gram/day or they only purchase a portion of their usage legally and another portion through "other" channels.

Really looking forward to these next numbers as I will understand the potential here a lot better.