Emerald Health Therapeutics Inc (OTCMKTS: EMHTF) One Exciting Cannabis Play

0

Emerald Health Therapeutics Inc (OTCMKTS: EMHTF) has been on the move in recent weeks running up the charts and more than doubling in the month of August alone. The stock has transformed in recent weeks to become a volume leader.

Emerald Health operates in the red hot cannabis market responsible for many of the hottest stocks and biggest winners in small caps. This is a booming sector as legal marijuana sales are expected to grow to more than $20 billion by 2022 according to Marijuana Business Daily. As October 17 looms closer Canadian MJ stocks have been heating up big time.

Emerald Health Therapeutics, Inc. (TSXV: EMH; OTCQX: EMHTF; Frankfurt: TBD) is a Licensed Producer under Canada’s Access to Cannabis for Medical Purposes Regulations and produces and sells dried cannabis and cannabis oil for medical purposes. Emerald owns 50% of Pure Sunfarms, which is converting a licensed existing 1.1 million square foot greenhouse in Delta, BC, and is in commercial production. It owns Agro-Biotech, a Québec-based licensed cannabis grower with a 75,000 square foot indoor facility and is planning to add a 500,000 square foot greenhouse in Metro Vancouver.

Emerald’s team is highly experienced in life sciences, product development, large-scale agri-business, and marketing, and is focused on developing value-added cannabis-based products with potential wellness and medical benefits. Emerald is part of the Emerald Health group, which is broadly focused on developing pharmaceutical, botanical, and nutraceutical products that may provide wellness and medical benefits by interacting with the human body’s endocannabinoid system.

Through its operations, subsidiaries, and joint ventures the Company is focused on four priorities to meet the current needs of the Canadian legal cannabis market and future demand in the therapeutic and non-therapeutic adult-use market: 1) Significant production expansion; 2) Research and development and clinical work; 3) Extraction expertise and value-added product development supported by  protected intellectual property; and 4) Expanding nationwide distribution channels.

Emerald Health Therapeutics joint venture, Pure Sunfarms, continues to move towards achieving its goal of large-scale, high-quality, low-cost cannabis production. On July 27, 2018, Pure Sunfarms received its cannabis sales license from Health Canada. Additional space continues to be developed for cannabis production at the Pure Sunfarms’ 1.1 million-square foot (25-acre) greenhouse facility located on a 50-acre parcel of land in Delta, British Columbia, with the entire 1.1 million square foot Delta 3 site expected to be in production in 2019. The Company has entered into a supply agreement with Pure Sunfarms whereby the Company has agreed to purchase 40% of Pure Sunfarms’ production in 2018 and 2019 at a set price per gram.

To Find out the inside Scoop on Emerald Health Therapeutics Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

Last week Emerald Health said Pure Sunfarms received an amendment from Health Canada that permits Pure Sunfarms to expand its cannabis production area to 550,000 square feet – half of the 1.1 million square foot Delta 3 production facility. The newly licensed area is expected to be in full production by mid-October of this year.

In May the company acquired Agro-Biotech for total consideration of $90 million. Agro-Biotech is a Licensed Producer under the ACMPR located in Saint-Eustache, Quebec. Agro-Biotech’s assets include land and a 75,000 square foot indoor grow facility. Agro-Biotech has built out 20,000 square feet of this facility to date and Emerald expects to have the remainder of the 75,000 square foot facility equipped to produce high quality dried cannabis flower and be fully operational by early 2019.

As we get closer to October 17 Emerald Health closed several supplier agreements; they were selected as an approved supplier by the Ontario Cannabis Retail Corporation, operating as the Cannabis Retail Store, to supply the province of Ontario with its cannabis products in anticipation of the adult-use market. The Company was also selected as an authorized cannabis supplier by the Newfoundland Labrador Liquor Corporation to supply cannabis products to the NLC and serve the adult-use market throughout the province of Newfoundland Labrador starting October 17.

We have a Monster Pick Coming. Subscribe Right Now!

Currently trading at a $573 million market valuation Emerald Health has $89 million in the treasury, manageable debt and growing revenues reporting 373,218 for the 3 months ended March 31, 2018 up from $201,268 for the same period last year. Emerald Health is a Licensed Producer and they own 50% of Pure Sunfarms, which is converting a licensed existing 1.1 million square foot greenhouse in Delta, BC, and is in commercial production. They also own Agro-Biotech, a Québec-based licensed cannabis grower with a 75,000 square foot indoor facility and is planning to add a 500,000 square foot greenhouse in Metro Vancouver. There is huge demand for Emerald Health here and the next few weeks should be very exciting as we get closer to legal recreational cannabis on October 17. We will be updating on Emerald Health when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Emerald Health.

Sign Up now for our 100% FREE Penny Stock Newsletter

Disclosure: we hold no position in Emerald Health either long or short and we have not been compensated for this article.

 

Share.

Leave A Reply

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.