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Tag Archives: Compass Cannabis Clinics

Emblem announces proposed investment in Compass Cannabis Clinic, owner of Starbuds Canada

Sept. 10, 2018 (GLOBE NEWSWIRE) -- Emblem Corp. (TSXV: EMC, OTCQX: EMMBF) (“Emblem” or the “Company”), today announced its intention to purchase approximately $1 million of units (“Units”) of 10330698 Canada Ltd. d/b/a Compass Cannabis Clinic (“Compass”) at a price of $0.60 per Unit. Each Unit will consist of one common share in the capital of Compass (each, a “Compass Share”) and one-half of one common share purchase warrant, with each whole warrant entitling the holder purchase one (1) additional Compass Share at a price of $0.75 per share for a period of twenty-four (24) months, subject to adjustments in certain events.
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Emblem signs five-year supply agreement with Compass Cannabis Clinic for Starbuds Canada

Under the Agreement, subject to the receipt by Compass of all required licensing under the applicable provincial cannabis regimes, and where such agreements are permitted by applicable provincial regulations, Emblem will supply Compass with high-quality cannabis, beginning with products under Emblem’s first adult-use brand, Symbl. It is expected that Emblem’s Symbl-branded products will be sold in all provinces in which Compass operates and where Emblem has received a provincial listing or approval for sale.
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