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Tag Archives: Emblem Cannabis Corporation

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Emblem signs supply agreement with Aphria to purchase up to 175,000 kg equivalents of cannabis products over five years

Emblem signs supply agreement with Aphria to purchase up to 175,000 kg equivalents of cannabis products over five years
Sept. 12, 2018 (GLOBE NEWSWIRE) -- Emblem Corp. (TSXV: EMC, OTCQX: EMMBF) (“Emblem” or the “Company”), through its wholly-owned subsidiary Emblem Cannabis Corporation, a licensed producer of medical cannabis under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”), today announced that it has entered into a five-year wholesale supply agreement (the “Agreement”) with Aphria Inc. (“Aphria”) (TSX: APH, US OTC: APHQF). The Agreement will see Emblem purchase up to an aggregate of 175,000 kg equivalents of cannabis products from Aphria over a five-year term (the “Initial Term”), with the opportunity for five-year renewals. Pursuant to the Agreement, Emblem will pay to Aphria an initial deposit comprised of a cash payment of $12,755,625 and the issuance of 6,952,169 common shares of Emblem (the “Emblem Shares”).
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Emblem announces proposed investment in Compass Cannabis Clinic, owner of Starbuds Canada

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

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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