Topic: How To Invest

Q: Pat: What do you think of Emblem Corp, a smaller marijuana company that seems to be expanding fast? Thank you.

Article Excerpt

A: Emblem Corp., $1.85, symbol EMC on the TSX Venture exchange (Shares outstanding: 120.5 million; Market cap: $198.1 million; www.emblemcorp.com) is a licensed producer and distributor of medical cannabis and cannabis derivatives in Canada. Its production and research facilities are located in Paris, Ontario. The company’s principal business has been the sale of dried cannabis and cannabis oils to patients who have received medical authorization to acquire and use cannabis for personal use. However, Emblem has been expanding production capacity and establishing supply agreements as the company readies for Canada’s legalization of recreational cannabis on October 17, 2018. Emblem also owns GrowWise Health, a cannabis education company. GrowWise operates in medical clinics where doctors prescribe cannabis. Patients are referred to GrowWise once a prescription has been issued. Nurses advise patients on safety and strain selection, and help them register and place orders with a licensed producer. On June 30, 2018, GrowWise operated out of 18 locations in Ontario and B.C. In October 2017,…