The $50k Challenge – Update 18

The $50k Challenge Update 18 – 24/11/2020

Stock Code: EMD

Shares Purchased: 352,941

Share Price: 0.087

Reason for buying

  • Low market cap of $18m with $2m in cash
  • Board of Directors own 32% of the register
  • Top 20 own 59% of the register
  • No debt
  • Cannabis sector just starting early phase bull market due to recent legislative changes.
  • EMD undervalued compared to peers in the sector.
  • A number of milestones due in first half of 2021 which if achieved should results in a much higher valuation