Medipharm Labs Corp T.LABS

Sales up 5 % for October !!!

[1hot-techwoman]

StatsCan Report: Canadian cannabis sales climb 5.1% to $270M in October

Stockhouse Editorial 0 Comments| 1 hour ago

 

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According to Statistics Canada, Canadians bought $270 million in cannabis in October – a 5.1% increase from the prior month as more Ontario stores boosted sales. StatsCan said Ontario’s monthly sales reached $83.9 million in the month and led all provinces with a 7.9% gain.

According to Stifel analyst Andrew Carter, Canada’s legal recreational pot industry currently operates at an annual run rate of about $3.24 billion, and should reach about $4.5 billion in 2021.

[lscfa]

Bloody mgmt need to provide updates like the one below..... High demand for Premium 5 products has resulted in provincial purchase orders nearing $10 million since launching sales in June 2020 and growing each month to an annualized run-rate of approximately $20 million. The launch has been met with strong consumer acceptance as highlighted by sustained re-order rates across Canada including

[lscfa]

another e.g....... "Phyto products have been showing outstanding sales growth quarter-on-quarter with an increase of 97% from Q2 to Q3 of 2020. Over 48,000 units of Phyto concentrates products were sold to the Provinces and retailers in October alone." .

[gainwidpatience]

Big dump from $0.55 to $0.50 with 1.5m volume the other day is a clear signal for downtrend. That's why the stock didn't go up even when weed stocks are up today!

[allibabba]

Avicenna had 800k in revenue on their last quarter in Sept.

[Lemoyne]

phyto extractions and rho phyto line of products are different things

[allibabba]

Correct, but LABS doesn't do photo extraction do they?  If I'm not mistaken that hydrocarbon extraction for crumble etc?