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MTL Cannabis Corp C.MTLC

Alternate Symbol(s):  MTLNF

MTL Cannabis Corp. is focused on crafting cannabis products, including lines of dried flower, pre-rolls and hash marketed. The Company, through its subsidiaries, is engaged in the cultivation and production of cannabis products for recreational and medical purposes in Canada. It also operates clinics that work directly with primary care teams to provide specialized cannabinoid therapy services to patients suffering from medical conditions. Its wholly owned subsidiaries include Montreal Medical Cannabis Inc. (Montreal Cannabis), Abba Medix Corp. (Abba), Canada House Clinics Inc. (CHC), and IsoCanMed Inc. (ICM). Montreal Medical is a licensed producer operating from a 57,000 sq ft licensed indoor growing facility in Pointe Claire, Quebec. Abba is a licensed producer in Pickering, Ontario that operates a medical cannabis marketplace. CHC is operating clinics across Canada. ICM is a licensed producer in Louiseville, Quebec growing indoor cannabis in its 64,000 sq. ft. production facility.


CSE:MTLC - Post by User

Post by letsflythison Jan 22, 2021 7:03am
150 Views
Post# 32357382

snap back to reality ..................

snap back to reality ..................Lets take a minute to look back at 2020 failures & Lies ! (1) Under the current supply agreement, Pharmadrug will sponsor Abba Medix for the receipt of its EU-GMP certification. Product shipments are expected to begin as early as March 31, 2020. (FAILURE) (2) Abba Medix has a 22,000 SF fully built out production facility (LIE), with a cultivation , processing and sales license in place, currently producing ~3,000 Kg p.a. of flower & trim (FAILURE) (3) has entered into a supply agreement with Alberta Gaming, Liquor and Cannabis ("AGLC") for the supply of branded cannabis products to the adult-use market in the Province of Alberta. Under the supply agreement, Abba will initially offer recreational use products in 3.5-gram dried flower and 0.5-gram pre-rolled formats. Abba continues to be engaged in advanced discussions with other provincial cannabis distribution branches as it executes its domestic distribution strategy. (FAILURE) (4) In 2019, Canada House focused on making its clinic division, Canada House Clinics ("CHC"), profitable (LIE), completing its production facility in Pickering (LIE), Ontario, substantially completing preparations towards EU-GMP certification (FAILURE), pursued provincial distribution agreements, and entered into two new international supply agreements. In 2020, the Company's strategy will be laser-focused on sustainable profitability and positive cash generation (LIE) by reducing expenses wherever possible, (CHRISS SALARY) pursuing opportunities with the highest ROI. The Company will continue to reduce non-core overhead, (CHRISS SALARY) close unprofitable clinics, and maintain continuous improvement initiatives across the entire organization. Canada House's specific efforts are described in more detail below.
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