Medipharm Labs Corp T.LABS

TGA approves CBD down scheduling.

[Lemoyne]

CBD to be available over the counter following product approval by TGA.

Daily dose increased to 150mg/day from 60mg/day.

https://www.tga.gov.au/media-release/over-counter-access-low-dose-cannabidiol

[lscfa]

Also, Australia has almost no COVID cases so economy back to normal.

[Lemoyne]

Maximum of 4500mg/unit (30 days worth of cbd under TGA decision)... that's 90mls of CBD50... Hopefully, LABS manages to get multiple products approved.

[allibabba]

Good news.  It appears valens has launched cbd 100 with emerald health.

[Lemoyne]

Interesting, curious to see what type of measurement tool they use, you have a link?

[allibabba]

https://albertacannabis.org/search?q=Sync&f=in_stock%3Dtrue%7Cfalse not sure if that works.  It's near the bottom of the page.  Sync 100 cbd, 20ml.

[Lemoyne]

I would tend to think they made a mistake. Probably cbd 50. They don't have cbd 100 listed on the emerald health website while they have cbd 50 (which is not on alberta website). Also, it's priced for cbd 50 level. This would be really really cheap for cbd 100/ 2000mg of cbd if you compare it to their other cbd price points. If it is cbd 100, there are no margins there.

[allibabba]

I agree but unfortunately I see much more margin compression in the sector with the amount of players currently in the game.  Small margins are better than no sales!  

[Lemoyne]

By no margins there, i'm saying they are selling at a loss.

[allibabba]

I'm not sure about that.  Depends on the efficiency and scale of the process I suppose.  

[Lemoyne]

Ok, just to put emerald 100 cbd (20ml) in perspective. Cortalex sells 100 cbd on shoppers but in 30ml quantities so 3000mg vs 2000mg for emerald (1.5x). So Cortalex sells 1.5x amount of cbd for 400$. https://cannabis.shoppersdrugmart.ca/en_CA/products/Cortalex-Cardiol-Therapeutics-Cortalex-100-CBD-Oil-Hybrid/222 Emerald: 90 bucks for 2000mg =135 for 3000mg, so you're looking at almost 70

[allibabba]

Could very well be a mistake.  

[allibabba]

I did say to friends more than a year and a half ago that mergers were going to happen and companies too stubborn to bite their pride and make a deal were going to get left for the vultures.  I am very interested in the aphria/tilray deal.  I think you will see a similar deal with canopy growth in the near future.  Cronos also has to make a deal VERY soon or the are toast.  I

[allibabba]

There is only room for 2 maybe 3 giants and we now have 1.  Tic toc tic toc 

[Lemoyne]

No doubt time is running out, but not merger wise, more like if they don't manage to make significant intl sales increase in Q1, they will be seriously punished. Especially if they do not ship stada material in Q1.

[Righttothetop]

LABS cannot be punished any further than it has given what the financials are.  They can't ship Stada goods without EUGMP, which is wholly contingent on whether the German regulator comes across to validate....which, given the COVID circumstances, seems like a stretch and is completely outside the control of the business.  Had COVID not happened, EUGMP would have been achieved months

[Lemoyne]

From what I understand, LABS can ship to EU through Aussie subsidiairy. The bottleneck is product registration/ licensing approval. Once they obtain those licenses from german BfarM for their stada products, they'll be able to ship. Same for all the other intl markets (peru, brazil, denmark, UK, NZ).

[Lemoyne]

They announced cbd 100 today! Damn, unless they have made a mistake in pricing that is soooooo cheap! I suppose they do have some margins?!?!

[allibabba]

Everything is this sector is wayyyyy overpriced.  Explain to be why cbd pills should be any more expensive than Advil liquigels or Jamieson fish oil capsules.  The answer is it shouldn't.  As more companies come onboard and the oil glut continues, price compression will continue.  Still had a long way to go in my opinion.

[allibabba]

If this was a life saving drug that only a few companies were setup to do i could understand, however pot and hemp grow like any other crop and is very cheap to produce especially outdoors. There are hundred and hundreds of companies in the sector and lots of companies doing extraction.

[Lemoyne]

Sorta get what you say, but cbd isn't the same as advil. It is more regulated, you need a sh*t ton of licenses to produce this. Also, it doesn't only reduce pain, it has additional functions for which it can be prescribed. I don't see any clinical trials about advil treatment for chronic diseases. Comparing to advil or fish oil is a bit extreme. You are contradicting your M&A

[allibabba]

I am not trying to be argumentative here but are you seriously trying to tell me that Advil which hundreds of millions of people take daily is not as regulated as cbd capsules?  I can't say that I know the real answer to that but I find it hard to believe.

[Righttothetop]

Fladdi....how many people have an alcoholic beverage each day......how regulated is that drug? Regulations don't always make sense, and they certainly do not apply strictly on volume.....CBD is a damn near untested compound when compared to Advil...so ya, it's more 'regulated' (aka controlled) than CBD.  That will change as our friends Down Unda have proven.

[allibabba]

I'll agree with you on that on right.  However I believe alcohol is treated as food and not a controlled drug.