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Mettrum Health Corp (TSXV:MT)

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Last Post: 10/20/2016 2:18:25 PM - Followers: 14 - Board type: Free - Posts Today: 5

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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


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:

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Bid Ask Day's Range
MT News: Mettrum to Sell Non-Core Subsidiary for $7 million and Enters Three Year Product Supply Agreement 09/20/2016 07:00:00 AM
#210  Sticky Note Goodbuddy4863 10/18/16 11:00:42 PM
#217   Yeah that happened before when I had shares Greekboy0814 10/20/16 02:18:24 PM
#216   Glad You enjoyed it. Goodbuddy4863 10/20/16 09:45:47 AM
#215   Very strange how it happened to everyone at Greengold12 10/20/16 07:50:11 AM
#214   Did anyone notice the drop in LPs SPs john1311 10/20/16 01:13:03 AM
#213   Thanks, Goodbuddy, good article. john1311 10/20/16 01:09:07 AM
#212   I really like that Canadian Investors know the Goodbuddy4863 10/18/16 11:06:33 PM
#211   Thanks for the article Goodbuddy.....I think Mettrum will Dogger05 10/18/16 11:03:34 PM
#210 Goodbuddy4863 10/18/16 11:00:42 PM
#209   Richard Branson's advice for Marijuana Entrepreneurs: 'Screw it, Goodbuddy4863 10/18/16 10:53:41 PM
#207   Canada will see 900,000 new pot smokers under Goodbuddy4863 10/13/16 11:25:28 AM
#206   John: I took another look at that projection and Goodbuddy4863 10/11/16 01:44:29 PM
#205   I just gotta tell You Folks. Goodbuddy4863 10/11/16 01:38:04 PM
#204   Bid / Ask 3.98 john1311 10/11/16 08:58:59 AM
#203   Financial Times today forecasts 12 months Mettrum at john1311 10/06/16 04:10:36 AM
#202   Sounds great to me too Darius. Goodbuddy4863 10/05/16 07:47:23 PM
#201   I cannot stress enough that this is only Darius Demian 10/05/16 03:01:01 PM
#200   Oh, My goodness. Goodbuddy4863 10/05/16 02:27:05 PM
#199   $3.83 now. john1311 10/05/16 11:00:02 AM
#198   Mettrum is up $.06 Today in the U.S. Goodbuddy4863 10/04/16 11:52:25 AM
#197   I see good things for All Marijuana stocks Goodbuddy4863 10/04/16 11:49:22 AM
#196   Ended up buying 4,000 of the number 2 StevenRisk 10/04/16 10:54:48 AM
#195   Canada's Task To Legalize Recreational Marijuana: Goodbuddy4863 10/04/16 10:49:22 AM
#194   Just imagine if LP stocks jump like some Greengold12 10/03/16 11:05:59 PM
#193   Gonna be a nice week Greengold12 10/03/16 10:58:49 PM
#192   I agree with you 100% Goodbuddy.....Canada is the Dogger05 10/03/16 05:21:20 PM
#191   If it's going to be this good in Goodbuddy4863 10/02/16 08:17:17 PM
#190   "Mettrum is well-positioned with existing available capacity to Goodbuddy4863 09/30/16 07:00:15 PM
#189   Yes, the Article did say Mettrum had 3 Locations: Goodbuddy4863 09/30/16 06:52:35 PM
#188   Did you get the same impression I got Dogger05 09/30/16 06:41:16 PM
#187   Looks Like there is no stopping the rise Goodbuddy4863 09/30/16 09:46:52 AM
#186   I reviewed this product for about 15 Minutes Goodbuddy4863 09/30/16 09:31:08 AM
#185   In the video the name of the company Dogger05 09/29/16 11:37:06 PM
#184   Yes, I would like to know what company Myself. Goodbuddy4863 09/29/16 01:00:29 PM
#183   do we know what company in colorado...? Mandofellow 09/29/16 12:51:02 PM
#182   "BUY" Sentiment for Mettrum is Looking Very $$ Goodbuddy4863 09/29/16 12:44:10 PM
#181   Mettrum Health is on the Move! Goodbuddy4863 09/29/16 12:39:34 PM
#180   Mettrum to Sell Non-Core Subsidiary for $7 million Goodbuddy4863 09/29/16 11:39:47 AM
#179   Copy that. Goodbuddy4863 09/29/16 10:57:56 AM
#178   Mettrum up: 3.63.... Well, Darius, looks like you john1311 09/29/16 10:38:46 AM
#177   Thanks for the compliment. I think you might Darius Demian 09/29/16 07:23:36 AM
#176   Man, I have never seen a Grow Room Goodbuddy4863 09/29/16 01:12:42 AM
#174   Yeah I was surprised to find out they Dogger05 09/28/16 08:51:02 PM
#173   Thank You for that well written dialogue[as usual]. Goodbuddy4863 09/28/16 07:52:46 PM
#172   It was the first time I saw Mr john1311 09/28/16 06:41:08 PM
#171   I've never given too much weight to the Darius Demian 09/28/16 05:26:38 PM
#170   Awesome Recommendation Greedy. Goodbuddy4863 09/28/16 12:39:16 PM
#169   BNN mention of MT being the top LP greedyshyster 09/28/16 12:23:14 PM
#168   Ya the BNN mention is responsible fir this greedyshyster 09/28/16 11:52:12 AM
#167   Correction: MQTRF keeps going up steadily every day now Goodbuddy4863 09/28/16 11:51:26 AM
#166   Something must be happening Greedy. Goodbuddy4863 09/28/16 11:12:13 AM