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.

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Medipharm Labs Corp > Materially Debt Free PR

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Post by CADInvestor12on Sep 17, 2024 9:08am

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Post# 36226870

Materially Debt Free PR

In the PR they state having more than $13M in cash on balance sheet ... based on Q2 results, approx $3M in cash burn QoQ .. Q3 revenue flat or declining? While nice being debt free, this is not the PR we needed and I don't think it's material to the business.

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