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Embark Health has announced two important steps in creating the largest cannabis and CBD extraction business in Canada with facilities in British Columbia (BC) and Ontario (ON):
MMJ was a foundation investor in Embark Health in July 2018. MMJ’s currently owns approximately 12% of the Company with an investment with a book value of AUD13.9m consisting of 3.4m shares and 3.3m warrants (with various exercise prices and terms ) representing a return of two times MMJ’s investment in the Company.
MMJ’s investment in Embark Health demonstrates MMJ’s capacity to originate early stage unlisted investments in the cannabis sector with the prospect of realising potential gains on listing the public markets.
Further detail on the operations of Embark Health may be found here.
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