Bullboard - Stock Discussion Forum 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,... see more

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TSX:LABS - Post Discussion

Medipharm Labs Corp > Burn rate..close to 1m a quarter.

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Post by alleyesonme on Nov 15, 2024 11:10am

Burn rate..close to 1m a quarter.

Not even close to 10m...LOL how did you come up with that number starkicker? It's so ridiculous I'm done responding to you

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Comment by alleyesonme on Nov 15, 2024 11:19am

Ended 2023 with 18m...paid off 2.2m =15.8m....13m sept 30th...YTD burned 2.8m divided by three quarters..933k average burn rate with one quarter to go...so again starkicker where are you getting your 40m annual/10m Q burn rate from?...

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Comment by Starkicker on Nov 15, 2024 2:36pm

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 ...more

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