Emerald Health Therapeutics has a 50/50 joint venture with Village Farms. We assume Hash Plant, a greenhouse grown, is produced by their joint venture with Village Farms. It would be very interesting if 400 years of vegetable growing experience can translate to growing top quality cannabis. It, however, does not appear to be the case here with Hash Plant.
This is the first product from vegetable growers and it shows. Not so easy, eh? We believe Canadians can do better by just putting 4 seeds in their sun filled yard and they will yield better quality products. It doesn’t get any worse.
Cost: $35.75 for 3.5 grams
Nothing to see here folks. Move along. In the grey market, this would be worth $90 an oz and that is the lowest grey market price for better products.
From an investment perspective, there is a place for people who can execute. Mass production is as much science as an art form too. Few LPs are profitable and it is clear the high capital cost and infrastructure are challenging hurdles to overcome. We recognize a lot of time, effort and capital have been invested to produce quantity. Now, we need quality.
We believe over time and they are capable, the product should improve. For now, we would avoid this poor quality cannabis grown by people driven to profit monetarily. These people don’t believe in the herb. They believe in money. I am giving my money to more deserving growers who respect and have a relationship with the herb.
We have never traded Emerald and probably would not touch it ever. Unlike Organigram who exercise control over their own destiny with their own production, Emerald needed help to be this bad. Nothing to see here folks. Move along.
(Despite all the negative comments on Organigram, their stock is doing excellent. We respect Organigram and there is a place in the cannabis world for them. We love trading Organigram even though we don’t like their products. They get things done.)