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Mettrum Health Corp (TSXV:MT)

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Last Post: 12/8/2016 11:12:39 PM - Followers: 22 - Board type: Free - Posts Today: 0

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Mettrum™ is a Health Canada licensed producer of medicinal cannabis and is committed to ongoing research, regulatory compliance, producing quality products, and providing comprehensive customer service.

There is increasing belief that medical cannabis is an appropriate natural medicine for the treatment of a wide range of medical issues. Health Canada has recently implemented new regulations to improve access to medical marijuana patients Canada-wide. As a Licensed Producer, Mettrum operates in compliance with these regulations to meet the needs of our clients.The Mettrum™ team has decades of combined experience in the agri-pharma, distribution and technology industries. We've recently completed our research and production facility, and have received approval from Health Canada to be a Licensed Producer under the Marihuana for Medical Purposes Regulations.

Current Business & Registered Clients

Since October 1, 2013 when Health Canada implemented the MMPR altering the supply and distribution of dried marihuana, various news reports estimate that approximately 9,400 clients (as at August 1, 2014) have registered with MMPR Licensed Producers to obtain medical cannabis. Based on Health Canada's regulatory impact analysis statement for the MMPR, the market is forecasted to grow to approximately 310,000 clients by 2023.

Mettrum's current operational headquarters is located at Bennett Road North, in Bowmanville, Ontario, and currently has 51 employees. The 14,480-square foot premise has been licensed under the MMPR since November 1, 2013. It is currently licensed to produce and/or sell up to 2,500 kg of medical cannabis per year, with a current production capacity of approximately 500 kg per year. As of August 1, 2014 Mettrum had registered in excess of 2,100 clients. Mettrum has recently implemented measures to increase the production capacity at the facility and these measures are beginning to take effect. The facility includes independent climate control systems for each of its 20 self-contained production rooms, which enables Mettrum to maximize yield while minimizing the risks associated with production. All licensed production activities associated with the cultivation, testing, packaging, sale and delivery of medical cannabis are currently conducted from this facility with the exception of product release testing which is conducted by an independent lab.

Additional MMPR Licenses

The Company currently has two additional MMPR licenses under review by Health Canada.

There are six relevant stages under the MMPR application process:
Step 1: Preliminary Screening
Step 2: Enhanced Screening
Step 3: Security Clearance
Step 4: Review
Step 5: Pre-License Site Inspection
Step 6: Licensing

Agripharm

In June 2014, Mettrum Ltd. purchased Agripharm Corp., located in Clearview, Ontario. Agripharm's brand new, purpose built facility, utilizing modular construction techniques, allows for rapid expansion of capacity as required. While able to demonstrate vertical integration and seed to sale compliance, the Agripharm production facility will focus on the most energy and labor-intensive aspects of the supply chain. As a quickly scalable and adaptable facility, multiple strains can be produced under adjustable conditions. Digital sensors monitor, and automated systems adjust, all environmental variables inside the production rooms to meet the unique needs of Mettrum's products while generating proprietary data relevant to ongoing breeding programs.

Agripharm is located on 80 acres of appropriately-zoned owned land, providing abundant room for operational expansion, as well as greenhouses should they prove to be viable. The current facility has an estimated 4,000 kg/year production capacity.

Construction of the Agripharm facility is complete. In late August, Health Canada advised Mettrum that its application for the Agripharm facility, had successfully completed the Security Clearance stage and requested certain confirmations in respect of the application. In early September, Mettrum responded to the Health Canada information requests and once Health Canada has reviewed and considered all such information, if the application is deemed complete upon review, then Agripharm will be notified to schedule a Pre-License Site Inspection. Currently, Mettrum projects commercialization of the Agripharm facility in the last calendar quarter of 2014.

Additional Bowmanville Facility

In April 2014, Mettrum purchased a 60,000-square foot building, on seven acres of land at Bennett Road South in Bowmanville, Ontario, to serve as an additional facility for its business. The facility is within 500 metres of the current production facilities.  Mettrum has submitted its application to Health Canada for this new facility, and is currently making compliance and production-focused modifications, which are in the final stages of completion. The estimated production capacity of this new facility is anticipated to be approximately 8,000 kg of medical cannabis per year. In light of the scale of the operation, Mettrum expects to materially reduce its production costs on a per gram basis once production begins at the facility. The facility includes a 6,000-square foot vault and, once licensed, will be Mettrum's primary production and delivery facility in Canada.

In late August, Mettrum received an update from Health Canada advising that its application for the Bennett Road South site was in the Enhanced Screening Stage. Mettrum believes that the majority of applications currently under review are held up by security clearance procedures and a lack of MMPR-specific Standard Operating Procedures and processes. Given that Mettrum's application for the site was submitted with individuals that already hold a MMPR security clearance for an existing license, and also that the second application was submitted using the same, or similar,  Standard Operating Procedures, record keeping systems and other processes from its existing operating license, Mettrum anticipates the review time for this application to be relatively quick, as compared to a typical new license application, though there are no assurances as to the timeliness or positive review of Health Canada. In addition, Mettrum has recently completed the modifications at the facility and subject to Mettrum receiving its second license (for Bennett Road South) by the end of the 2014 calendar year, reaching commercialization at the facility in early 2015.

"We are very pleased with the Company's progress to date and the commencement of Mettrum trading as a publicly traded company is a milestone for all of us," said Michael Haines, Chief Executive Officer of Mettrum Health Corp. "With our first Health Canada licensed facility operating at full capacity, cultivating, producing and distributing a stable and growing strain of medical cannabis products, we are excited and confident in our ability to execute on our growth plan, and servicing the needs of our growing registered client base, all while keeping compliance and quality our ongoing top priority." 

Company website: http://www.mettrum.com/

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PostSubject
#406  Sticky Note Here's some interesting math that highlights how bad Dogger05 12/07/16 12:50:46 PM
#316  Sticky Note Canopy Growth to acquire Mettrum for about C$430 john1311 12/01/16 04:58:48 AM
#463   I commend you for keeping emotion out. Indeed, Ommmmmm 12/08/16 11:12:39 PM
#462   10-4 Greedy Goodbuddy4863 12/08/16 07:47:24 PM
#461   Ding ding! Lol greedyshyster 12/08/16 07:45:47 PM
#460   Of course..it is going down in Tandem with Mettrum. Goodbuddy4863 12/08/16 07:34:43 PM
#459   Ya CGC is annoying me lately. greedyshyster 12/08/16 07:27:12 PM
#458   Looks like I will have to live with that. Goodbuddy4863 12/08/16 07:01:46 PM
#457   Thanks greedy. Goodbuddy4863 12/08/16 06:58:22 PM
#456   In short, whatever price CGC is atvthr deal greedyshyster 12/08/16 06:30:41 PM
#455   Only look at how many shares of MT greedyshyster 12/08/16 06:28:50 PM
#454   The Board of Directors of both Canopy Growth Dbrown13 12/08/16 06:01:35 PM
#453   January Significant additional production capacity and brand diversification to Dbrown13 12/08/16 05:59:48 PM
#452   I must say something about this deal and Goodbuddy4863 12/08/16 05:54:42 PM
#451   You aren't wrong. It's your opinion. We are greedyshyster 12/08/16 04:42:24 PM
#450   and if all the other posters on all Dogger05 12/08/16 04:41:10 PM
#449   Oh yeah, well.....maybe your right......... Dogger05 12/08/16 04:35:26 PM
#448   You are quite honestly the only person I've greedyshyster 12/08/16 04:31:05 PM
#447   Your right they vote: NO ,we want more money. Dogger05 12/08/16 04:28:30 PM
#446   ??? I care about making money. I don't greedyshyster 12/08/16 04:22:40 PM
#445   It's a done deal. There is no outstanding greedyshyster 12/08/16 04:21:46 PM
#444   LOL, you don't believe that, all you care Dogger05 12/08/16 04:21:45 PM
#443   Ok I guess your right and I'm wrong.....Do Dogger05 12/08/16 04:14:41 PM
#442   I think a rejection of the 40% premium alpine79 12/08/16 03:59:54 PM
#441   Terrible offer by CGC. Great for MT. Bruce greedyshyster 12/08/16 03:56:30 PM
#440   Hmmmmmm.........sounds like you've done a lot of thinking Dogger05 12/08/16 03:42:35 PM
#439   Lol so if I believe that MT would alpine79 12/08/16 03:33:41 PM
#438   So why aren't you upset that Bruce Linton Dogger05 12/08/16 03:13:10 PM
#437   You're saying they are the 2nd largest LP, alpine79 12/08/16 03:06:40 PM
#436   I don't understand what you mean by the Dogger05 12/08/16 02:45:56 PM
#435   I think the market would put MT's market alpine79 12/08/16 02:41:57 PM
#434   So are you suggesting that Mettrum Market cap Dogger05 12/08/16 02:25:29 PM
#433   Ok, so without losing the break fee, how alpine79 12/08/16 02:17:57 PM
#432   Is it missing or does the market just Dogger05 12/08/16 02:09:14 PM
#431   Its a terrible offer..... Dogger05 12/08/16 12:49:39 PM
#430   I agree - my point is that even alpine79 12/08/16 12:46:09 PM
#429   Only way this deal doesn't go through is greedyshyster 12/08/16 12:30:43 PM
#428   You're right but the sp would surely fall greedyshyster 12/08/16 12:27:37 PM
#427   You think this is a bad offer for greedyshyster 12/08/16 12:25:08 PM
#426   It sounds like your issue is more to alpine79 12/08/16 12:01:24 PM
#425   Wow..That is indeed Interesting and I am Goodbuddy4863 12/08/16 11:21:24 AM
#422   Do you think there is anyone / any john1311 12/08/16 09:33:13 AM
#421   I know it wouldn't stay that way, I Dogger05 12/08/16 09:30:37 AM
#420   Thanks for your insightful comments John. I see Dogger05 12/08/16 09:26:12 AM
#419   Doubt it would stay that way. Mettrum would Ommmmmm 12/08/16 12:39:17 AM
#418   I can see why Mettrum has went down. Goodbuddy4863 12/08/16 12:22:38 AM
#417   To tackle the black market their is a john1311 12/07/16 11:26:46 PM
#416   Here's another way of looking at it: alpine79 12/07/16 10:13:03 PM
#415   So the jist of what you're saying is alpine79 12/07/16 09:09:29 PM
#414   I think You have a great Argument. Goodbuddy4863 12/07/16 07:05:59 PM
#413   It's easier for me from the take over Dbrown13 12/07/16 06:01:03 PM
#412   John I'd be interested to know why you Dogger05 12/07/16 05:38:04 PM
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