EMHTF stock is still reaping the benefits of yesterday's announcement. On Thursday, January 10th, Emerald Health Therapeutics (OTCQX:EMHTF) (TSXV:EMH) announced that it completed the 51:49 joint venture with Emerald Health Bioceuticals. The name for the venture is Emerald Health Naturals.
EMHTF Stock: Still Going Strong
As mentioned, the news that Emerald Health Therapeutics has set up its joint venture came out yesterday. But that's not stopping the market's optimism about it from disappearing. Today, EMHTF stock traded in the green, ending the day up nearly 2%.
For those who don't know, the new venture, Emerald Health Naturals, will be distributing various products; all of the products will treat anxiety, stress, and other conditions. Emerald Health Therapeutics invested $5 million in equity ownership of Emerald Health Naturals. San Diego-based Emerald Health Bioceuticals was granted exclusive distributions rights to its product line.
“We have the unique opportunity to brand Emerald through Emerald Health Naturals," said Executive Chairman Avatar Dhillion. He explained this to Proactive Investors, adding that it will be able to brand the company by offering its product line "through a number of valuable sales channels that are frequently visited by cannabis users."
The market seems to agree with this. Trading in the green today, EMHTF stock closed the day (according to Yahoo Finance) up 1.67%. The EMHTF stock trading price was sitting at $2.3148.
As 2019 progresses, investors should check in with EMHTF stock from time to time. While it was no Tilray stock today, which soared nearly 20%, Emerald Health Therapeutics is out in the world accomplishing a vast amount, with yesterday's announcement acting as an example. If it keeps up this momentum, the stock will likely see more green trading days.
But what do you think? Let us know in the comments below! And don't forget to check back in next week for more cannabis news!
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