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 > Burn rate..close to 1m a quarter.

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Comment by Starkickeron Nov 15, 2024 2:36pm

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Post# 36315439

RE:RE:Burn rate..close to 1m a quarter.

Okay, let's cool this off a little. I think we're talking about two different things. Q3 revenue was $10.3M with an adjusted ebitda of -$748k. So they are not yet profitable, which means they are using up all that revenue plus to operate and finance the business. Yes, the quarterly cash burn is $748k, but the annual expenses, amortization, taxes, depreciation ate much higher, which is what I was refering to.

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