Medipharm Labs Corp T.LABS

Alternate Symbol(s): MEDIF

Healthcare Cannabis

MediPharm Labs Corp. is a Canada-based full-service pharmaceutical company. The Company specializes in the development and manufacture of purified, pharmaceutical-quality cannabis concentrates, active pharmaceutical ingredients (API) and advanced derivative products. Through its wholesale and white label platforms, the Company formulates, develops (including through sensory testing), processes, packages and distributes cannabis extracts and advanced cannabinoid-based products to domestic and international markets. It also provides GMP flower sourcing, packaging, and distribution services for select international clients. In addition, it cultivates cannabis to sell as dried flower, pre-roll and other cannabis products for the adult use and medical markets. It also sells metered dose inhalers and aerosol sublingual sprays. Through Harvest Medicine, it provides clinic services to Canadian patients requiring medical cannabis education and prescriptions.

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Medipharm Labs Corp > Inventory write down???

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Comment by lscfaon Jan 26, 2021 12:02pm

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Post# 32387806

RE:RE:Inventory write down???

	Starting Inventory	Buy	Sell	Write down	Ending inventory	Ending Raw material	Ending Finished goods
Dec 19					51,486	22,694	23,408
Mar 20	51,486	14,697	8,279	12,811	45,093	8,926	31,700
Jun 20	45,093	3,177	7,941	0	40,329	7,043	31,488
Sept 20	40,329	4,829	5,715	7,760	31,683	1,573	25,235

lscfa wrote: let's hope the 550% increase in unit sales took care of it. Or maybe they shipped it off to Australia.

alleyesonme wrote: Last financials labs reported a large amount of inventory. I think it was close to 30 mil. I believe oils have an exp date of 14 to 24 months and dried pills longer. This inventory in my mind is great to have on hand as long as it's being properly managed and cycled out the door. Is anyone worried about writedowns (inventory being accounted for as less valuable as it once was). I'm not so concerned about it but maybee I should be. Opinions. Thanks.