Emblem Corp (OTCMKTS:EMMBF – Get Free Report) was up 1.4% during trading on Tuesday . The company traded as high as $1.4491 and last traded at $1.40. 156,200 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 280,719 shares. The stock had previously closed at $1.38.
Emblem Stock Performance
The stock’s fifty day simple moving average is $1.40 and its 200-day simple moving average is $1.40.
Emblem Company Profile
Emblem Corp. was a Canadian cannabis company focused on the cultivation, production and distribution of medical cannabis. The company developed cannabis products including dried cannabis, cannabis oils and capsules for patients and consumers in regulated markets.
Emblem operated in Canada and pursued opportunities in both the medical cannabis and adult-use recreational cannabis sectors. Its business included cannabis cultivation, product development and brand-building, with products distributed through authorized channels subject to Canadian regulations.
In 2020, Emblem entered into an arrangement to be acquired by Aleafia Health Inc, combining its operations with Aleafia’s cannabis business.
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