Medipharm Labs Corp T.LABS

Hope facility

[alleyesonme]

Yeah, it's referred to as a land sale, "expected to close within the next 12months" they also mention leased equipment obligations, the facility has already been shuttered, activities are being absorbed in two remaining facilities...Hope is a GMP licensed facility recently renewed until 2027, 47000 sqft, it'll be interesting to see what MPL gets for it...I can't imagine they plan to hold onto it...if it was just a sub divided parcel of land you would think it would be publicly listed,  this property is along the Fraser river and like all real estate in the Fraser valley, high demand..the catalysts are in view..it's hard being patient. The upside is enormous..

[Olaf123]

So no demand and demolition? Vancouver market is in the shitter right now, like Toronto.

[Olaf123]

That price got me a bit mad, sorry for the language. I think he sets the bar low because he does think he can sell the facility. He might list it publicly later after trying to sell it for what it is on the private market. If the land is not parcelled, 750k feels like a facility sale with only the land value, thus make me think of demolition. 

[Olaf123]

https://maps.fvrd.ca/portal/apps/webappviewer/index.html?id=eae55e6da5f14e11a9a5e07a78f339c5 Folio: 432.2040-61614 There is 4 subdivisions, 3 right by the faser river, like you said.

[Olaf123]

With the tool, I estimated the area of the 3 subdivisions at around 35 000 sq ft. Here is a very modest property for sale in hope, boarding the Fraser River: 600 000$, 8,494 sqft https://realtylink.org/en/house~for-sale~hope/262857912 It's land and the price make kind of sense.