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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

Post by Starkickeron May 10, 2024 2:57pm
192 Views
Post# 36034203

Not waiting anymore

Not waiting anymoreJust did a deep dive into LABS versus some others in this sector over last couple of days. I can no longer rationalize holding this stock. Even if it has a blowout Q1, it won't amount to much of a boost to SP with 404 million shares out. Cronos has fewer shares out (380 million), has the same debt as LABS, and is sitting on $860 million in cash. At under $4 it looks like a much better value to me so I'm out. Good luck to you all, hope LABS works out for you eventually.
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