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Mettrum Health Corp (TSXV:MT)

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Last Post: 9/22/2016 2:47:35 PM - Followers: 11 - 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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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
MT News: Mettrum est enthousiaste quant à l'avenir du cannabis au Canada à la suite de l'annonce de la législation de la légalisat... 04/21/2016 03:28:00 PM
MT News: Mettrum excited for future of cannabis in Canada following legalization legislation announcement 04/21/2016 11:40:00 AM
MT News: Mettrum Health Corp. commandite un numéro de Current Oncology qui met en lumière les bienfaits du cannabis chez les patient... 04/05/2016 07:00:00 AM
MT News: Mettrum Health Corp. sponsorship of Current Oncology sheds light on the benefit of cannabis for cancer patients. 04/05/2016 07:00:00 AM
PostSubject
#158   Wild trading range here: Goodbuddy4863 09/22/16 02:47:35 PM
#157   Are We supposed to believe this? Goodbuddy4863 09/21/16 04:18:21 PM
#156   Hey, G, how do you see MT trending john1311 09/21/16 08:57:40 AM
#155   They made the P/R look good. Goodbuddy4863 09/20/16 11:13:45 PM
#154   All good seems like an awfully cheap price greedyshyster 09/20/16 09:48:47 PM
#153   About all I know is what was written Goodbuddy4863 09/20/16 09:47:47 PM
#152   Anybody know the size of this facility they sold? greedyshyster 09/20/16 07:57:27 PM
#151   News...News..News Mettrum to Sell Non-Core Subsidiary for $7 million Goodbuddy4863 09/20/16 09:55:29 AM
#150   Vancouver Cannabis expo shows breadth, growth of Canadian Goodbuddy4863 09/19/16 11:32:13 PM
#149   I thought so. Goodbuddy4863 09/19/16 09:32:32 PM
#148   Good day guys. It's unfortunate I wasn't loaded greedyshyster 09/19/16 08:27:33 PM
#147   Yeah the news is that MT is seriously Dogger05 09/19/16 05:44:03 PM
#146   Does anybody have any News: Goodbuddy4863 09/19/16 12:32:55 PM
#145   This stock is going Bazooka Today: Goodbuddy4863 09/19/16 12:26:29 PM
#144   MQTRF[Mettrum] moving up quite nicely Today: Goodbuddy4863 09/15/16 01:57:23 PM
#143   Nice move up today on the U.S. OTC: Goodbuddy4863 09/13/16 06:23:53 PM
#142   Great News for Mettrum Health: Goodbuddy4863 09/12/16 06:55:23 PM
#141   Thanks John: Goodbuddy4863 09/09/16 07:05:04 PM
#140   Well done... I am just looking at the john1311 09/09/16 12:22:51 PM
#139   BTW: I just got in today John @ $2.29[U.S. Currency]. Goodbuddy4863 09/09/16 10:40:27 AM
#138   Yes, it looks like some profit taking is underway. Goodbuddy4863 09/09/16 10:12:48 AM
#137   Was this what affected this stock yesterday? john1311 09/09/16 03:14:16 AM
#136   Mettrum Health Corp. Announces Full Exercise of Over-allotment Option: Goodbuddy4863 09/08/16 06:32:55 PM
#135   Looks like an up and coming Medical Marijuana stock Goodbuddy4863 09/08/16 06:30:47 PM
#134   Looks like a broad Range in the PPS Goodbuddy4863 09/08/16 06:29:57 PM
#133   I was unaware You were in this stock John. Goodbuddy4863 09/08/16 06:28:53 PM
#132   Yeah, this is on a transit to blue john1311 09/07/16 05:59:01 PM
#131   Canopy will be exporting so much product to Greengold12 09/07/16 04:37:13 PM
#130   Mettrum (TSXV: MT) (OTC: MQTRF) recently reported the john1311 09/04/16 05:13:03 PM
#129   john1311 08/31/16 03:02:54 PM
#128   Client count at August 22, 2016 is 13,300. john1311 08/22/16 10:56:58 PM
#127   from what I could tell via google..one site 1LAguy 08/22/16 07:22:58 PM
#126   Not a whole lot of coverage. These look greedyshyster 08/22/16 07:18:38 PM
#125   does anyone know what the analyst expectations were 1LAguy 08/22/16 07:17:29 PM
#124   Helluva quarterly http://m.marketwired.com/press-release/mettrum-announces-firs greedyshyster 08/22/16 06:14:11 PM
#123   METTRUM: Friday -3.93% john1311 08/22/16 03:11:58 AM
#122   METTRUM: Friday -3.93% john1311 08/22/16 03:11:52 AM
#121   Last week many LPs saw their share prices john1311 08/22/16 03:06:26 AM
#119   Canada’s federally licensed MMJ cultivators may be positioned john1311 08/12/16 07:18:59 AM
#118   SOARING CANADIAN POT STOCKS OUTSHINE GOLD AND BITCOIN john1311 08/06/16 10:44:06 PM
#117   MMPR 2.0 - 25th August john1311 08/04/16 10:05:17 PM
#116   $3.50 ... yeah, MarketShark, I think you are john1311 08/04/16 08:30:59 PM
#115   Looks like 3.50 might happen quicker than everyone thought! MarketShark 08/03/16 11:26:21 AM
#114   GAP DOWN ... GAP UP john1311 07/27/16 10:26:25 AM
#113   $3.50 METTRUM john1311 07/27/16 12:12:44 AM
#112   125% INCREASES IN CANNABIS PATIENTS john1311 07/19/16 09:08:21 AM
#111   Mettrum lobbying Canadian government: john1311 07/19/16 01:36:58 AM
#110   Mettrum... Canopy.... john1311 07/11/16 01:07:50 PM
#109   Metrrum Rising... john1311 07/11/16 12:38:22 PM
#108   Mettrum will rise. john1311 07/09/16 12:39:54 PM
PostSubject