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Bullboard - Stock Discussion Forum Medipharm Labs Corp T.LABS

Alternate Symbol(s):  MEDIF

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,... see more

TSX:LABS - Post Discussion

Medipharm Labs Corp > Everything up but not this
View:
Post by jayc1 on Jun 23, 2021 1:42pm

Everything up but not this

Will we ever move up or this stock is done?
Comment by corvette67 on Jun 23, 2021 2:17pm
Smell Something burning? I think its' toast. GLTA
Comment by StonksGoUp on Jun 23, 2021 4:11pm
If it drops to .39 I'm selling, I ain't dumb enough to bag hold until 0. So if you see it go from 0.39 to 0.38-37. Might be me. :/ I bought at .53 so I'm not risking much other than decay of my cash doing nothing.
Comment by Starkicker on Jun 23, 2021 5:09pm
March numbers are out for Canada. There were 12..6 million extract products in inventory and only 2 million consumed. Edibles were 16.1 million in inventory with sales of only 2.6 million. Not sure what int'l numbers were but probably not much better. Supply and demand needs to level out.
Comment by jayc1 on Jun 24, 2021 1:00pm
More bad news. I think they are finding it hard to move there product in canada and hence the need to diversify into drugs and trials. This is a good source to track ontario online sales https://datastudio.google.com/u/0/reporting/e1367eef-c468-4a73-8acf-cb19e7a50a90/page/pXbGC
Comment by WillyWally on Jun 24, 2021 4:54pm
What are you guys smoking? These numbers are not for LABS. What's your source?
Comment by Starkicker on Jun 26, 2021 10:54pm
No, not just LABS, Canadian market. https://mjbizdaily.com/canadas-dried-cannabis-inventory-falls-four-consecutive-months/?amp=1
Comment by cyberman on Jun 27, 2021 1:05am
hey there Starkicker, ya good info for sure, hard to stay current with data dated to March though but that's the way it is, we'll only be 3 months behind on the trend ! a lot of right-sizing going on and a glut of products, makes sense to have potential sales lined up outside of Canada, a slashing of retail prices must be coming, of course that would all change if USA ever decided to get ...more  
Comment by Starkicker on Jun 28, 2021 8:20pm
Hey cyber. It"s going to take years for supply and demand to level out so three months doesn"t matter much at this point, at least in the Canadian market.
Comment by cyberman on Jun 29, 2021 9:20am
hey there Starkicks, even at 1.08B grams i din't think is so outrageous, and it's not a barrels of oil, a world supply that's micro managed to the point of daily "reserves", although that knowledge would be beneficial sooner rather than later, 3 months is what it is, but someone always has the inside track on this info, i'll take my chances, have no choice ! i recall the ...more  
Comment by checkup on Jun 28, 2021 12:52pm
This post has been removed in accordance with Community Policy
Comment by jayc1 on Jun 28, 2021 2:35pm
But European and Australian exposure is not helping us at the moment
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