Emblem (TSXV:EMC, OTC:EMMBF) CEO Nick Dean was featured in a video interview with Midas Letter Live. In the interview, Dean was asked to outline the company’s recent partnership with GreenSpace Brands, a consumer packaged goods company focused on organic health and wellness products. Emblem will be launching a line of CBD-based health and wellness products under GreenSpace Brands brand.
“So what we’re planning on doing, actually, is creating a net new line of products and a net new line of brands,” said Dean. “So we’re going to be doing a line of hemp seed gel caps that we’ll be selling through Matt’s existing retail channels, such as some of the major retailers, grocery stores, natural health food stores, and pharmacy. And with that same brand, we’re also going to create a line of CBD-infused, hemp-based gel caps and cannabis CBD-based gel caps. Now, that’s just the first product that we’re going to launch together; we’re also going to get into lotions, and then ultimately into edibles and beverages.”
Dean also discussed Emblem’s acquisition of Natura Naturals, a medical cannabis producer. As part of the acquisition, Emblem is in the process of completing a two phase build out of Natura Naturals facilities, which should produce approximately 15,000 kilograms a year and should be operational by the end of 2018. Finally, Dean touched on Ontario Premier Doug Ford’s statements regarding privatizing cannabis sales and what this means for cannabis companies moving forward.
“It hasn’t as of yet. So we are still, and I believe a number of LPs, are still in active dialogue with the OCS, and we’re committed to partnering with them, whether it’s a public model, a public/private model, a private model,” said Dean. “I think the goal here is to make sure that we’re getting high-quality cannabis products in the hands of Ontarians, and starting to push away the opportunities for the black market, to bring that more online, to make people have safe and accessible access to products. So we’re happy to work with the OCS in whatever format.”
To watch the full video, click here.