Medipharm Labs Corp T.LABS

Medipharm rumored to have bought small LP

[alleyesonme]

Posted on a different forum...person claims to know someone working at medipharm who says they have purchased a small LP and have hired 20 employees to run the grow operations..also inherited pre-rolls with plans to supply European partners....two large shipments made to western Canada....all RUMORED...I guess we will know if this is true soon.

[allibabba]

I pray that's not true.  If it is, there goes all the cash on hand or another huge dilution of shares.

[alleyesonme]

Well considering the CEO's past experience as CFO of one of Canada's best managed companies I would assume assets less than 10m covered by cash on hand but I guess wait and see what's up..I don't think he would jeopardize the strong financial position and definitely not require a capital raise in the near term

[alleyesonme]

The person sharing this inside information has in the past shared info prior to a news release..this is why I feel it's fairly accurate....we know they've hired 20 employees..allegedly to get the operation up and running within their barrie facility...pre-rolls shipped to western Canada as inherited in the acquisition...very small LP who's not publicly traded...I don't think this

[Solid1]

The market would react negatively to that... if they took over a company they should have reported it or not ?

[JesusChrist2]

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