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Medipharm Labs Corp T.LABS

Alternate Symbol(s):  MEDIF

Healthcare Cannabis
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

Medipharm Labs Corp > I will not be supporting
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Post by alleyesonmeon Aug 16, 2023 11:18pm
198 Views
Post# 35592229

I will not be supporting

I will not be supporting Any acquisitions at this time...cash burn excluding 2.1m severance was 6.5m more than double our previous quarter...the balance sheet is good but not good enough to take on another failing business...at our current stock price I will not support issuing shares for M&A particularly when significant information that would impact share price is not being communicated...I'm hopeful management will pull a unicorn out of the hat before such decisions are made but i can't rule out executive incompetence...I hold a significant stake and collectively as retail investors we hold the large majority of the Corp...stay tuned...
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