Just the beginning.. lot of cash and investment opportunities. Denmark, Sweden, USA.. can’t wait for earnings
W
Just read the news about the shut down in Vancouver. My take is this:
they probably figured they couldn't compete with regular cheap MJ. The facility in vancouver was making that stuff. So they consolidated to focus on the premium stuff and medical and will focus there. That stuff is made in Quebec.
By hunkering down in Quebec, they can save expenses and get to profits more easily by selling better stuff.
They also reduced the number of people needed to run this operation, so there will probably be some minor layoffs.
This seems to probably be a smart move. But that's just my 30k feet observation. I could be totally wrong.
A
I am very confused. EHM fought tooth and nail to keep that facility when they could have sold all growing operations and thrown into PSF to supply them. Now PSF sold. Verdalite attempted sold and retracted. Vancouver closed? How can you provide high quality mj medicine if you are not growing and controlling your stuff????
K
It looks like perhaps they are going to keep Verdalite facility and close Vancouver. They need to get the business right sized and profitable to stabilize share price. Grow supply will match demand very quickly with 50 new dispensaries opening a week in CA.
T
So with all this cash do we trust management? Maybe invest in bitcoin since we are not growing weed anymore?
J
The upside is another 5 million shares change hands over .35 cents.This helps to create a stronger bottom for us long holders and shakes out short term players.Just hold long and do not panic.This company is in good shape with a strong balance sheet.Good things are coming.Tough day for the whole sector but no surprise.
J
Made up my mind, staying put, too much invested and still long.
B
Only 🆙 from here...
Emerald Health Therapeutics Receives $20.5M Payment from Village Farms and Outlines Growth Plans
VANCOUVER, February 9, 2021– Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX: EMHTF) has received from Village Farms International Inc. $19.9M plus $621,534.25 in interest, representing full repayment of the promissory note issued by Village Farms to Emerald as part of its purchase of Emerald’s interest in the Pure Sunfarms joint venture which closed in November 2020. This was the final payment due as part of this transaction.
A
Can I get some advice I’m holding 3,691 share @ $4.79 since 2018 Costed $17,679
If I buy 160,000 share @$0.35 My avg will be $0.45/share
Then I will only need a 0.10cent gain to break even and not be down $17k anymore any advice guys. Just 21 and not an expert at investing?
H
Chill, Normal pullback, totally expected. The whole MJ sector shorts have been running for cover.
MJ Stocks may doble soon.
Good Luck!
J
This is a gift to get in at this price.Look at the fundamentals,this company is poised for growth.Hold Long and you will be rewarded.
H
“ We are also actively pursuing new business initiatives in Canada and the United States to further leverage our innovative product development capability and intellectual property portfolio."
b
There you go believe you moves because Market pays to those who have patience for long term Investments investments.
I didn’t say that but its a life changing advice.
J
What a start!!!!!
C
Let’s push this stock even higher. I’ve owned this stock for 3 years now and will own for many more. Let’s push this stock over $3.00 where it belongs.
r
Saves us 4m in operations + Vancouver is expensive as hell.
J
More consolidation at .40 cents is very positive.Hang in there longs.Bright days ahead.
J
Not even noon and we passed one million on the volume. Just amazing how things can change quickly. Let it roll.
A
Clean balance sheet. No debt, now just smart future planning. Build the base and grow in a controlled fashion. Here's to seeing a beginning to be profitable quarter over quarter!
J
After the panic selling is done and people come to their senses, the rebound will happen.
they probably figured they couldn't compete with regular cheap MJ. The facility in vancouver was making that stuff. So they consolidated to focus on the premium stuff and medical and will focus there. That stuff is made in Quebec.
By hunkering down in Quebec, they can save expenses and get to profits more easily by selling better stuff.
They also reduced the number of people needed to run this operation, so there will probably be some minor layoffs.
This seems to probably be a smart move. But that's just my 30k feet observation. I could be totally wrong.
Emerald Health Therapeutics Receives $20.5M Payment from Village Farms and Outlines Growth Plans
VANCOUVER, February 9, 2021– Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX: EMHTF) has received from Village Farms International Inc. $19.9M plus $621,534.25 in interest, representing full repayment of the promissory note issued by Village Farms to Emerald as part of its purchase of Emerald’s interest in the Pure Sunfarms joint venture which closed in November 2020. This was the final payment due as part of this transaction.
I’m holding
3,691 share
@ $4.79 since 2018
Costed $17,679
If I buy 160,000 share
@$0.35
My avg will be $0.45/share
Then I will only need a 0.10cent gain to break even and not be down $17k anymore any advice guys. Just 21 and not an expert at investing?
MJ Stocks may doble soon.
Good Luck!
I didn’t say that but its a life changing advice.