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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, 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.


TSX:LABS - Post by User

Comment by Lemoyneon Nov 27, 2020 1:21pm
151 Views
Post# 31990202

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Worth 30c

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Worth 30cNot so sure about that... Their cash position is dwarfing by at least 9-10M every quarter considering cash and cash equivalents  final totals and cash raised during every quarter.

Operational cash flow is one thing, but there are other leaks.

SG&A went down significantly in Q3, so that's good.

The reason I doubt near term prospects is because intl revenues are dependant on product registration/ licences  on top of GMP licences. So first you need GMP to be allowed to sell but then for each product, you need additionnal permissions for those products to end up on store shelves. This is the case for every intl deal except for Australia.

They might be announced independently or with first shipments announcements. But there haven't been news about succeeding to obtain product registrations yet. So, although management has been optimistic about making shipments in Q1 2021, there are no guarantees they will.
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