Long
Update: Emerald Health - An lesser known Marijuana play
Wanted to post an update to the idea I shared on October 3rd here on TradingView. As you can see TSXV:EMH has been climbing up the 8 Period Moving Average with a little OOPS in the mix. I've noticed following huge pop-ups are followed with a pullback..giving you time to get a decent entry.
They have a strategic partnership with Village Farms International TSX:VFF that is awaiting Health Canada Approval. When that gets approved they will have 1.1 million square feet of initial potential greenhouse cannabis production (estimated to yield more than 75,000 kg of product annually) upon completion of full licencing and conversion. The Joint Venture has options to acquire from Village Farms up to 4.8 million square feet of greenhouse capacity, which is estimated to yield more than 300,000 kg of cannabis annually and could supply a considerable portion of expected future cannabis demand in Canada or for export abroad. http://www.newswire.ca/news-releases/emerald-health-and-village-farms-announce-strategic-venture-to-leverage-large-scale-greenhouse-infrastructure-and-cannabis-production-expertise-626842621.html
Village Farms' stock has soared this year.
Meanwhile TSXV:EMH has been playing catch up. What excites me about Emerald Health is that it's positioned to be one of the largest producers in the country and yet it's not really mentioned in the Top 5 that usually come up in conversation. I'm long this stock and will likely trade in and out well into summer of 2018. Good luck!
They have a strategic partnership with Village Farms International TSX:VFF that is awaiting Health Canada Approval. When that gets approved they will have 1.1 million square feet of initial potential greenhouse cannabis production (estimated to yield more than 75,000 kg of product annually) upon completion of full licencing and conversion. The Joint Venture has options to acquire from Village Farms up to 4.8 million square feet of greenhouse capacity, which is estimated to yield more than 300,000 kg of cannabis annually and could supply a considerable portion of expected future cannabis demand in Canada or for export abroad. http://www.newswire.ca/news-releases/emerald-health-and-village-farms-announce-strategic-venture-to-leverage-large-scale-greenhouse-infrastructure-and-cannabis-production-expertise-626842621.html
Village Farms' stock has soared this year.
Meanwhile TSXV:EMH has been playing catch up. What excites me about Emerald Health is that it's positioned to be one of the largest producers in the country and yet it's not really mentioned in the Top 5 that usually come up in conversation. I'm long this stock and will likely trade in and out well into summer of 2018. Good luck!
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