Embark Health licence approvals bode well for MMJ Group
Published 28-APR-2020 14:33 P.M.
|
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
MMJ Group Holdings Limited (ASX:MMJ;OTC:MMJJF), an Australian-listed company that specialises in managing a portfolio of investments along the cannabis value-chain, has provided an update on the operations of MMJ’s largest investee, privately-held Embark Health Inc.
Embark Health’s Delta, BC facility has now received all occupancy and business licences required from the city of Delta, BC, and will commence the extraction of cannabis in April 2020.
This step was foreshadowed in an MMJ announcement on 13 February 2020 following the receipt of the company’s Health Canada licence necessary to operate the facility.
Embark Health is an emerging leader in cannabis extraction, with a focus on realising the full potential of the cannabis plant through scientific approaches to extraction and the production of quality products to enhance everyday life.
It is Embark's mandate to pursue the best production processes throughout product innovation and development, manufacturing and ''take to market'' lifecycles, resulting in unparalleled commercial and consumer extraction products.
Largest cannabis extraction business in Canada
Embark Health is seeking to create the largest cannabis (THC and CBD) extraction business in Canada with facilities in British Columbia and Ontario.
The group will begin production of cannabis extracts at its Delta facility immediately and has entered into several letters of intent to secure 300,000 kilograms of biomass from highly-credentialed suppliers as feedstock for the next 2 years.
Initially, Embark intends to produce Bubble Hash, Dry Sift Kief and Rosin for commercial sale, in addition to providing tolling services to a wide range of customers.
Other extraction techniques will be added as more rooms in the facility are licensed.
MMJ’s management highlighted that the investment in Embark Health demonstrates its capacity to originate early-stage unlisted investments in the cannabis sector with the prospect of realising potential gains on listing the public markets.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
