Emblem Corp. (TSXV: EMC, OTCQX: EMMBF) (“Emblem” or the “Company”)
today announced it has completed an equity investment in DriveABLE
Assessment Centres Inc. (“DriveABLE”), a global leader in
cognitive-based driving evaluations that measure the risk of
impairment. Through this investment – to Emblem’s knowledge, the
first of its kind in the cannabis space – Emblem will support
DriveABLE as it seeks to tackle the issue of impairment on roads
and in the workplace with new mobile technology.
Using the knowledge gained from almost two decades of evaluating
real world impairment risk in partnership with law enforcement
agencies, universities and other industries that operate in
safety-sensitive environments, DriveABLE is now developing a mobile
cognitive evaluation tool that will focus on the risks associated
with impairment.
“As each person metabolizes cannabis at different rates,
measuring THC levels – one of the main intoxicating compounds in
cannabis – alone should not be used as the sole factor for
determining impairment. We believe that a broader approach to
evaluating impairment, regardless of the cause, is critical to
making our communities safer,” said Nick Dean, CEO, Emblem Corp.
“Impairment – whether from alcohol, cannabis, fatigue, underlying
medical conditions, or narcotics – is a serious issue that affects
safety on roads and in the workplace. We have the responsibility to
ensure that people are safe and are committed to working with
DriveABLE to bring additional research and evaluation solutions to
the table to address impairment.”
Emblem’s patient and healthcare professional education
subsidiary, GrowWise Health Limited (“GrowWise”), intends to
support DriveABLE in its research. The technology is expected to be
tested at GrowWise education centres to provide data for
DriveABLE’s research, while helping patients better understand how
cannabis therapy may impact their daily tasks.
“With the anticipated legalization of cannabis, the question of
how we truly establish impairment has been left mostly unanswered.
While we understand the application of measures offered by saliva
swabs, breathalyzers, blood draws and urine samples, research tells
us that we also need to evaluate overall cognitive performance to
determine impairment risk,” said Peter-John Barclay, CEO,
DriveABLE. “DriveABLE is leveraging 18 years of expertise in
impairment evaluations to develop a new mobile technology that has
a number of applications including driving and operating in
safety-sensitive environments. Our technology is by no means a
standalone solution, but rather an important piece to the puzzle to
understand and evaluate impairment.”
Why is cognition an important component when looking at
impairment?
Cognition encompasses how a person understands the world and
acts in it. It is the set of mental abilities or processes that are
part of every human action while they are awake.
In the event that a person’s cognitive skills have been
compromised, regardless of the cause, there is an increased
likelihood of the person concerned being unable to complete a task
correctly, which could put their life and the lives of others at
risk.
Using cognitive science to evaluate impairment is designed to
facilitate:
- An objective accurate measure of an individual’s cognitive
state
- An understanding of an individual’s established cognitive state
to determine their ability to safely operate within a particular
environment
- The ability to identify if an individual is at risk, regardless
of potential cause
“Ensuring patients and consumers use cannabis products safely is
of the utmost priority to us, and we are supportive of an
evidence-based approach to evaluating impairment,” said Dean. “Our
investment and future work with DriveABLE will support much needed
research in this field to help ensure safer communities.”
About Emblem Emblem, through its wholly-owned
subsidiary Emblem Cannabis Corporation, is a fully integrated
licensed producer and distributor of medical cannabis and cannabis
derivatives in Canada under the Access to Cannabis for Medical
Purposes Regulations. Emblem’s state-of-the-art indoor cannabis
cultivation facility and research and development laboratory is
located in Paris, Ontario. Led by an experienced management team of
healthcare executives, accomplished marketing professionals, and
cannabis experts, Emblem is focused on driving shareholder value
through product innovation, brand relevance, and access to patient
and consumer channels. Emblem is also the ultimate parent company
of GrowWise Health Ltd., one of Canada’s leading medical cannabis
education services. Emblem trades under the ticker symbol EMC on
the TSX Venture Exchange. For more information, please visit
www.emblemcorp.com
About DriveABLEDriveABLE (www.driveable.com)
combines cutting-edge technology with proven research to deliver
predictive cognitive assessment tools to the medical community,
commercial fleets, governments and insurers. It provides software
and hardware solutions that help identify if medications or medical
conditions have affected a person’s ability to drive. Established
as a University of Alberta spin-off, DriveABLE has been providing
driver risk assessments for 18 years. DriveABLE products are
licensed primarily in North America and in other select countries.
It is DriveABLE’s mission to create safer communities by embracing
the power of both science and technology.
For media inquiries, please contact:
Morgan CatesH+K
Strategies416.413.4649morgan.cates@hkstrategies.ca
For other inquiries, please contact:Ethan
Karayannopoulos Investor Relations Emblem Corp.
647.748.9696 ethank@emblemcorp.com
Alex Stojanovic Chief Financial Officer Emblem Corp.
416.923.1331 alexs@emblemcorp.com
Peter-John BarclayPresident and Chief Executive OfficerDriveABLE
Assessment Centres Inc.780.628.3641pjbarclay@driveable.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATIONThis news release contains certain
forward-looking statements and forward-looking information
(collectively referred to herein as "forward-looking statements")
within the meaning of applicable Canadian securities laws. All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
"anticipate", "achieve", "could", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "outlook",
"expect", "may", "will", "project", "should" or similar words,
including negatives thereof, suggesting future outcomes. Management
of the Company believes the expectations reflected in such
forward-looking statements are reasonable as of the date hereof but
no assurance can be given that these expectations will prove to be
correct and such forward-looking statements should not be unduly
relied upon. Various material factors and assumptions are typically
applied in drawing conclusions or making the forecasts or
projections set out in forward-looking statements. Those material
factors and assumptions are based on information currently
available to the Company, including data from publicly available
governmental sources as well as from market research and industry
analysis and on assumptions based on data and knowledge of this
industry which Emblem believes to be reasonable. However, although
generally indicative of relative market positions, market shares
and performance characteristics, such data is inherently imprecise.
While Emblem is not aware of any misstatement regarding any
industry or government data presented herein, the medical marijuana
industry involves risks and uncertainties and is subject to change
based on various factors.
Forward-looking statements are not a guarantee of future
performance and are subject to and involve a number of known and
unknown risks and uncertainties, many of which are beyond the
control of the Company, which may cause the Company's actual
performance and results to differ materially from any projections
of future performance or results expressed or implied by such
forward-looking statements. These risks and uncertainties include,
but are not limited to, the risks identified in the Company's
December 31, 2017 Management's Discussion and Analysis, which has
been filed with the Canadian Securities Administrators and
available on www.sedar.com. Any forward-looking statements are
made as of the date hereof and, except as required by law, the
Company assumes no obligation to publicly update or revise such
statements to reflect new information, subsequent or otherwise.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
Emblem (TSXV:EMC.WT)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 1월(1) 2025
Emblem (TSXV:EMC.WT)
과거 데이터 주식 차트
부터 1월(1) 2024 으로 1월(1) 2025