Emblem (TSXV: EMC, OTCQX: EMMBF) Sales Increase 281% to $2.3 Million in Q3 – RICH TV LIVE – NOVEMBER 20, 2018 – TORONTO, Nov. 20, 2018 (GLOBE NEWSWIRE) — Emblem Corp. (TSXV: EMC, OTCQX: EMMBF) (“Emblem” or the “Company”), a licensed producer of cannabis under the Cannabis Act through its wholly owned subsidiary Emblem Cannabis Corporation, is pleased to report financial and operating results for the three and nine months ended September 30, 2018. The strong results underscore the Company’s continued focus on fundamentals such as revenue growth, market share, and operational excellence to drive long-term shareholder value.
Hey guys how you doing this is your boy rich here on behalf of rich tv live i have some more breaking news here for you emblem sales increased 281 percent to 2.3 million in q3 this is a company that i’ve been taught you know i’ve been a lot of people been messaging me rich can you talk about them can you talk about them i can you talk about them i’ve been waiting
For the right time now is the right time emblem corp reports strong third corridor 2018 financial results revenues increased 281 percent over the quarter and is september 30 2017 and 50% over q to 2018 emblem corp emc on the tsx v and on the otcqx the highest tier exchange in the us that’s not a senior exchange ii mmbf a licensed producer of cannabis under the
Cannabis act through its wholly owned subsidiary emblem cannabis corporation is pleased to report the financial operating results for the three and nine months ended september 30 of 2018 the strong result underscore the company’s continued focus on fundamentals such as revenue growth market share and operational excellence to drive long-term shareholder value
I like that building long-term shareholder value i want to be a long term shareholder and i want value this quarter marked a significant period of transformation for emblem as we strategically align the business around our core strengths this began with the signing of our largest business-to-business cannabis supply agreements increasing our aggregate animal
Product supply run rate to approximately thirty thousand kilograms beginning in mid-2000 nineteen wow here is the president and ceo nick dean a man with two first names with product volume and cost visibility addressed management can refocus both human and capital resources on learning core competencies of product innovation brand building and securing global
Distribution channels during the quarter we began to realize the significant revenue impact of our symbol brand within the adult use market as we fulfilled 100 percent of our provincial commitments while maintaining product availability for our growth of registered patients highlights of the third quarter of 2018 record company revenues of 2.3 million at 281
Percent increase year-over-year and a 50% increased quarter over quarter among industry-leading revenue per gram equivalent sold to patients of 10.67 wow per gram that’s a lot sales of high margin derivative products grew rapidly and represent 48% of total patient sales for the quarter driving robust realized pricing 20% increased quarter-over-quarter in active
Registered patients to 4820 as of september 30th 2018 now that number is not huge compared to some of the other companies but for a small company just getting started it’s pretty substantial sign 5-year supply agreements with this is big áfreeá to receive an aggregate of 175,000 kilogram equivalents of high-quality dried cannabis flower and crude cannabis oil at
Preferred wholesale pricing commencing may of 2019 strategic investment at three-year supply agreement with natura natural zinc to receive up to three thousand kilograms of high quality cannabis flower per year at preferred wholesale pricing with deliveries to commence in december 2018 oh that’s soon launch of symbol emblems first adult use recreational cannabis
Brand signed supply agreements with the alberta gaining gaming cannabis commission ag lc and the ontario cannabis tour ocs fulfilled 100% of commitments to deliver cat cannabis products before september 30th 2018 and generated 0.8 million in revenue launched oral dose metered spray atmosphere and now strategic partnership with green space brands inc to develop and
Commercialize cannabinoid oil infused health and beauty products for the i don’t use recreational market sign five year supply agreement with investment encompass cannabis clinic to become a preferred cannabis supplier through its wholly owned subsidiary i don’t use retail entities starbucks canada highlights subsequent to third quarter of 2018 increased patient
Count to approximately 6,000 active registered patients at the date of this release representing a hundred and twenty two percent increase in patient counts at the beginning of the year appointed appointment of wayne crep krepner of president of medical to support the rapid growth emblems medical division associated new product innovations adult u distribution
Partners are indicating robust demand for symbol cannabis products and restocking has occurred since the end of the quarter shift one hundred thirty four kilogram equivalents of symbol cannabis products to the ocs ag lc and fire and flower ink with additional delivery scheduled for the remainder of the fourth quarter science supply agreements with the bc liquor
Distribution branch and obtain supplier approval with the saskatchewan liquor and gaming authority these guys are going everywhere sign definitive agreements with german pharmaceutical wholesaler ak knows pharma gmbh in respect to launching a joint venture under the name emblem germany for the purpose of exporting emblem branded cannabis products from candidates
Germany election of connie a stipend which and laredo grimaldi to the company’s board of directors completed an equity investment in drive able assessment centers inc a global leader in cognitive based driving evaluations to support its research on cannabis impairment you can see here the growth of the revenues quarter-over-quarter revenue during the three and nine
Months ended september 30 2018 total revenue of the company increased by 281 percent and 148 percent respectively from the prior years comparable periods the increase in revenue was a result of the commencement of oil sales during december 2017 and the launch of adult use recreational market in the third quarter of 2018 during the three months ended september 30
Of 2018 the company sold dry flour and oil products to the ag lc and ocs for total revenues of 766 thousand our significant corridor over quarter revenue increase was driven by the legalization of adult use cannabis and our supply agreements is in the province of ontario and alberta we are now pursuing canada wide distribution and subsequent to the third quarter
Secured sales approvals in sacher saskatchewan and bc said mr. dean in addition feedback from patients continues to reinforce that emblem is a trusted brand of medical cannabis that puts patients needs first medical innovation supply and support will continue to be our first and foremost priority as evidenced by the recent appointment of a new division president
Wayne krepner who brings immense rnd experience to our leadership team our commitment to product development and innovation was demonstrated with the recent launch of atmosphere oral dose metered sprays during the three and nine months ended september 30 2018 grow wise health limited grow wise an indirect wholly owned subsidiary of emblem generated total revenues of
Two hundred twenty two thousand six hundred eighty five thousand september 30 2017 one hundred sixty one thousand and three hundred fifty six thousand an increase of thirty eight percent and ninety two percent respectively from the prior year’s comparable periods during the three and nine months ended september 30 2018 revenues of dried cannabis flower purchased by
Registered medical patients amounted to four hundred ninety seven thousand and one point four five three million september 30 30 2017 four hundred thirty eight thousand and one point two nine seven million respectively revenues of dry cannabis flower purchased by licensed producers amounted to two hundred seventy five thousand and eight hundred fifty one thousand
September 30 2017 nil and six hundred three hundred sixty two thousand respectively wow so what do you think about this views this company is on the move they are growing they are growing all across canada and they are just getting started what do you think now remember rich tv live is strictly for education entertainment purposes do your due diligence do your
Research before you invest in anything that we talk about here on rich tv live emblem sales are growing they are growing quarter-over-quarter their patients are growing this is a company that’s on the rise i know the market is getting obliterated we are aware of that you can find all the breaking news every single day but we are seeing a little bit of bounced
Back after a crazy crash to start the day so hopefully we come back with a vengeance but we are seeing a lot of red all across the board once again so be careful up there it just seems as though right now we are in a serious bull market for the cannabis stocks everything is going down so if you want to get featured you can contact your boy and we can feature you
Here at rich tv live we follow all the breaking news all the top stock information cryptocurrency information and if you want to contact us holler at your boy join our secret stock picks group 24 hour picks every single day absolutely free follow us on all social media what do you think about emblem i like this company haven’t talked to you guys about them before
But i’m gonna talk to you about the more now e mc in canada emm bf in america let’s think they’re doing some big things put them on your watches put them on your radar what do you think about this news if you like this video smash the like button comment down below share the video everywhere is your boy rich yeah we’re in the red it’s true but like i said before
We may lose the battle but we will win the war we ain’t going anywhere good bad or ugly we are here and we will have our day thank you for watching your boy rich and i’m oh peace
Transcribed from video
Emblem Corp. (TSXV: EMC, OTCQX: EMMBF) Sales Increase 281% to $2.3 Million in Q3 By RICH TV LIVE
