Medipharm Labs Corp T.LABS

Cannabis sector.

[Search12]

Why is that, most stocks are up in big way for weeks now......exept MediPharm.

[Lemoyne]

It's simple, while most cannabis stocks posted QoQ increases lately, LABS has posted QoQ abysmal decreases. Q3 was a YoY 80%+ decrease. I don't understand people who expect this to rise 3-5x (what most cannabis stocks did lately) without any numbers to back it. You look at this objectively from a new investor point of view and currently compare the results of the past year with other mj

[lscfa]

Also, Valens just had a kitchen sink write-off quarter so maybe people expect Medipharm is next. However, Medipharm has had some big write-offs already so who knows.    

[Righttothetop]

Well the past few weeks did show that LABS did increase substantially (without the sector at times) from it's 2020 lows. Sure it's come off that a bit, but holding not too bad.  

[Lemoyne]

IMO, it is outstanding for LABS to hold and consolidate near .80 level. Spiking from .80 vs .60 is a qhole other level. Don't forget, underwriter has 18.4M reasons (max 10% ownership of 184 M outstanding shares) to keep this under a buck and rake in his 10% extra payment. At this kind of volume he can easily sell to keep this low. And selling at this level gives him 80% profit over his .44