CFN Media

February 21, 2017 09:15 ET

Emerald Health Accelerates Expansion with $13 Million Capital Raise -- CFN Media

SEATTLE, WA--(Marketwired - Feb 21, 2017) - CFN Media Group ("CannabisFN"), the leading creative agency and digital media network dedicated to legal cannabis, today announced the publication of an article discussing Emerald Health Therapeutics Inc.'s (TSX VENTURE: EMH) recent financing and the company's plans for expansion of its facilities.

Emerald Health, a licensed producer of medical cannabis under Canada's AMCPR program, recently announced that it raised $13.8 million to accelerate its ambitious growth plans. In particular, the company plans to expand from its indoor cultivation facility in Victoria, BC to 32 acres in metro Vancouver, BC. The move would dramatically increase its capacity and future revenue.

Currently, the company's stock trades for $1.38 per share, which is three cents higher than the per unit price of its capital rise. New investors wouldn't face any dilution until the stock appreciated approximately 45% in two years to $2.00 per share, which means that there's relatively little risk for investors with today's cost basis. The maximum impact of any dilution would also be mitigated by the accelerated expiration that would force conversions.

As of the end of the third quarter, the company had roughly $900,000 in cash and equivalents on its balance sheet. The addition of $13.8 million in fresh capital will help shore up its balance sheet and provide significant flexibility for its expansion plans.

The company plans to build a modular hybrid greenhouse growing facility with 78,000 square feet of growing space, while concurrently adding 50,000 more square feet of growing space and advanced processing facilities that would be completed soon after the first phase. The team plans on leveraging higher amounts of sunshine and lower electricity costs to operate at a significantly lower cost than many competing licensed producers.

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About CFN Media
CFN Media (CannabisFN), the leading creative agency and media network dedicated to legal cannabis, helps marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.

CFN launched in June of 2013 to initially serve the growing universe of publicly traded marijuana companies across North America. Today, CFN Media is also the digital media choice for the emerging brands in the space.

Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns CFN Media and, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit:

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