RE:A $9 Million dollar congrats to LABS !!! $$$$$$$$$ :)Aside from opportunities you mentioned, the fundamentals are looking great. This is deffinately a leader among its peers:
The additional $3M cash and $4.5M anticipated proceeds from the Tilray shares further strengthens the Company's balance sheet. MediPharm's Q2 2023 reported cash balance was $14.7M, which does not include the August 2023 surplus land sale for $1.9M. This Settlement Agreement solidifies the Company's position as having one of the strongest cash positions amongst its cannabis industry peers with similar market capitalizations. In addition, with less than $3M of debt, no overdue excise tax exposure, and full ownership of its assets, MediPharm also enjoys a very favourable debt position versus the same peer group. Management believes this puts the Company in a very strong position to continue to invest in the pharmaceutical and clinical pipelines, and to thoughtfully consider approaches to the many available consolidation opportunities in the industry.