Emblem, an Ontario-based licensed producer of medical cannabis, moved one step closer to becoming a publicly-traded company with the filing by Saber Capital of a Filing Statement earlier this week. Saber issued a press release today detailing conditional acceptance by the TSX Venture Exchange relating to its proposed qualifying transaction to merge with Emblem, which will trade with the symbol “EMC” beginning December 9th.
Emblem, previously known as KindCann Holdings, owns a production facility currently producing 50-60 kgs of dried flower per month and 50% of GrowWise, which provides education to patients through its clinics. For those considering investment, the Filing Statement, which is 278 pages, details a substantial amount of information about Emblem, including, a description of the business and its development to date, financials, capital structure, executive compensation and ownership.
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