Canadian cannabis penny stock companies involved in fraud is nothing new. Vancouver, especially, has fraud firms with dynastic histories. Emerald is my second go around. First was a few years back when I stuck some money into a thoughtful website and story, a small penny named Abbatis. Looked good until they went down because they were partnered with a group of about ten cannabis firms, all tangled in a scheme where they did deals among themselves pushing prices higher until the bottom fell out.
At that time Emerald was being written about as one of the legit companies. Unlike the ten "bad" companies.
The group was taken down by the Canadian gov't which, basically, charged them all with fraud while they went after the big names. No doubt, they're still in court today. I once signed onto a lawsuit but it was a joke, probably part of the scheme to make it go away on the back end.
I put some money in Emerald in the same way. Emerald had name recognition, written as one of the power players. More bullshit lies.
The Emerald brothers with the story were crooks, pure and simple.
Such companies seems like training for Canadian professional thievery. They graduate from specific universities, partnered and ready for the big leagues of business fraud. There are too many of these companies for this to not be organized crime.
But again, not many years back, Emerald was written about like it was one of the good pot companies.
The pot writers, morons that they are, seem to be in on it, too.
If you want some history, search out Abbatis until you find the part where the government took them, and the others, down all at once. Ihub had a board for Abbatis.
I agree with a recent post that it's best to leave this industry and let the crooks figure out which family is going to win the prizes. Or be a daybtrader and pick off a dollar here and there. We're probably still decades away from a reliable order.
