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Emblem Corp (OTCMKTS:EMMBF) Issues Business Update for 2018

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Emblem Corp (OTCMKTS:EMMBF) released its growth plans for 2018. Nick Dean, the Incoming CEO and President, who brings several years of experience in consumer marketing, leadership and retail market to company’s dedicated team, will be advancing under a new paradigm emphasized on building capacity to fulfill the projected surge in demand, increasing patient acquisition on the medicinal cannabis segment, and embarking on numerous strategic associations that will position it strongly for the adult-use cannabis industry.

The details

Dean expressed that they will be venturing into a new period when Canada finally eliminates the stigma and decriminalizes adult-use cannabis. They plan on using their award-winning consumer experience, their notable strengths in the medical division and their dedicated focus on offering the top quality products to become a leading player in the recreational division as well. Emblem presently has flowering capacity of over 8,500 square feet at its closed box facility in Ontario.

The firm’s recent major land deal will soon pave the course for advanced greenhouse facilities that will considerably expand its total production capacity to more than 17,000 kilograms of dried flower/annum. Dean stated that with their oils license in place and the adult-use segment on the horizon, they are looking to considerably increase their cultivation capacity, and at the same time keeping up their commitment to produce top-quality offering at low cost. Eventually it’s about being continuously driven to offer a strong ROI and an impressive balance sheet. They will also be watchful of strategic deals and other opportunities to boost their growth goals in Canada and global markets.

Emblem focus remains on the production of the top quality cannabis flower as well as derivative offerings using a multi-pronged approach of “greenhouse” and “closed box” production facilities. The firm considers having parallel paths and the alternative of both types of grow facilities available as a wise approach to increasing return on capital employed.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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