19:17:03 EDT Fri 26 Apr 2024
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Emerald Health Therapeutics Inc
Symbol EMH
Shares Issued 143,335,736
Close 2019-04-16 C$ 3.63
Market Cap C$ 520,308,722
Recent Sedar Documents

Globe says Citron takes aim at Village Farms, Emerald

2019-04-17 08:28 ET - In the News

See In the News (C-VFF) Village Farms International Inc

The Globe and Mail reports in its Wednesday edition that short-seller Andrew Left took aim at B.C. grower Village Farms International, sending the company's stock down nearly 11 per cent Tuesday and partially reversing a remarkable run. The Globe's David Milstead and Jameson Berkow write that Citron Research's Mr. Left said that the cannabis investors have better choices than the vegetable-growing company. Its shares have quadrupled this year on the strength of a joint venture to grow marijuana in Delta, B.C. Village Farms has posted nearly $750-million (U.S.) in sales over the past five years and the cannabis connection helped Village Farms hit $1.1-billion in market cap late last month. The appeal to pot investors is the 50:50 joint venture, called Pure Sunfarms Corp., which Village Farms formed with Emerald Health Therapeutics. In targeting Village Farms, Mr. Left outlines a number of associations Emerald's principals have had with other small companies that have been the subject, he said, of promotional activity that accompanied a rise in the share price. Greg Taylor, who handles cannabis holdings at Purpose Investments, said Citron's reports should be taken with "a grain of salt. There is no smoking gun here."

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