Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Ok, anybody here have an educated response or take on our CEO being involved here:
Pat McCutcheon, Director
Founder, CEO of MediPharm Labs (TSX: LABS)
15 years of experience in the pharmaceutical industry in top sales roles
Do you feel that this hurts or helps LABS?
Pat has a great knowledge of key strands of cannabis for medical use... will this evolve into a greater base for LABS to draw from or lead to a downward spiral....thoughts gang. I’m hearing both takes on social media????
https://us4.campaign-archive.com/?u=d1b0a5bc5e8dd196a8388f640&id=9c5c2f2d5e
Now available at Shoppers
https://ibb.co/FWGcjVG
Thank u !
Thnx, congrats! Nice stack indeed...
Bless her! Thoughts & Prayers ...
Agree, I’m averaging in here... so would like to build a nice size position... I’m not sharing this one yet! lol
The more I read on this, great long investment here
Thanks guys, appreciate the insight!
Thanks, quick question, anybody know who is dumping that huge sale? Just cheap paper?? See below link
https://ibb.co/DDQYD7j
Started position today after some dd. GLTA
Not really, we all went on rides... look at your $ACB & $AGRA ... not cool knocking folks down who might be down and out , you know, especially at these times. Let me give you your “thata boy” “good job” on behalf of this board. You can move on my friend!!!
Online still strong
https://ibb.co/8D58TsQ
Thanks for the laugh : )
Halo Announces Proposed Acquisition of Nasalbinoid Natural Devices and Concurrent Private Placement
Halo common shares at a price of C$0.11 per share for aggregate gross proceeds of up to C$425,000 (“Concurrent Financing”) (a total of up to 3,863,636 shares). So ? are we at 70 TRILLION SHARES OUT..
Had to buy extra large garden bags to hold my shares.... keep adding
MediPharm Labs (MEDIF)
Another company still in expansion mode is MediPharm Labs. The Canadian cannabis extraction company was built for profitable growth and the company remains on path to expand internationally in 2020 while other Canadian companies reign in global ambitions.
For Q4, revenues were up over 200% from last Q4 to C$32.4 million, but revenues did decline from C$43.4 million in the prior quarter. Revenues and profits did take a hit as the Canadian market was oversupplied with wholesale bulk oil, but MediPharm Labs still generated gross profit of C$10.0 million and EBITDA of C$2.7 million.
The company completed a year where revenues reached C$129.3 million and adjusted EBITDA was an impressive C$24.7 million. MediPharm Labs is positioned for growth in 2020 as Cannabis 2.0 products rollout in Canada and the company expands internationally having just obtained a GMP certification by the Therapeutic Goods Administration in Australia.
The stock is down to near $1 despite these positive results. With a market cap of only $155 million, MediPharm Labs is cheap in comparison to expectations for revenue growing to nearly $120 million or C$170 million this year and up to $170 million in 2021. As more retail stores open in Canada and Cannabis 2.0 product sales expand, the cannabis extraction company will see revenues rebound making the stock a bargain down here near $1.
Indeed, the stock boasts a confident Strong Buy consensus from the Street. TipRanks shows that the average analyst price target stands at $4.37, which implies over 300% upside over the next 12 months. (See MediPharm stock analysis on TipRanks)
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/3-cannabis-stocks-set-thrive-180514972.html
Anyone know who the BIG SELLERS are today?? Big $$ chunks on ask all day....
CEO & Director Michael Cammarata Just Bought Shares In Neptune Wellness Solutions Inc. (TSE:NEPT)
https://simplywall.st/stocks/ca/household/tsx-nept/neptune-wellness-solutions-shares/news/ceo-director-michael-cammarata-just-bought-shares-in-neptune-wellness-solutions-inc-tsenept/
Should of , could of.... sold before this nonsense but held my shares but this is the relentless .84 cents warrants being exercised. Last unlock but killing us here (see below)
https://ibb.co/XDtnsnR
Yes AMERICAN dollars, any NASDAQ stock is dealt with in US CURRENCY, buys ,sells, financial records etc
Grabbed some
MediPharm Labs Australia and Burleigh Heads Sign Deal to Supply White-Label GMP Certified Products to Australian Medical Patients
April 01, 2020
BARRIE, Ontario, April 01, 2020 (GLOBE NEWSWIRE) -- MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (“MediPharm Labs” or the “Company”) a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, is pleased to announce that through its subsidiary MediPharm Labs Australia Pty Ltd (“MediPharm Labs Australia”), it has entered into a supply agreement for white label pharmaceutical-quality (GMP certified) cannabis oil products with Burleigh Heads Cannabis Pty Ltd. (“Burleigh Heads”).
Under the agreement, which has an initial 3-year term, MediPharm Labs Australia will supply bottles of white labelled, formulated cannabis oil products for distribution by Burleigh Heads.
Burleigh Heads is an Australian wholesaler of medical cannabis products that are distributed to medical patients and pharmacies across Australia via its innovative online CanView marketplace. Burleigh Heads is a subsidiary of CDA Health Pty Ltd (“CDA”), an established Australian business supporting patient access to medical cannabis products in Australia. Through its CDA Clinics, CDA assists doctors and patients in navigating the State and Federal SAS and Authorised Prescriber processes, and provide educational resources and one-to-one service from their consultant doctors through physical and telehealth clinics. Since first launching in October 2018, CDA Clinics has completed over 6,000 successful patient approvals through the Australian Therapeutic Goods Administration (the “TGA”).
“We are excited to be working with industry leaders like Burleigh Heads and CDA,” said Warren Everitt, Chief Executive Officer, MediPharm Labs Australia. “As the number of patients in Australia increase, we are well positioned to further expand our distribution through various channels and provide a supply of GMP finished products thanks to our international supply chain and the recent TGA GMP certification of our MediPharm Labs Canada facility.”
Guy Headley, Director of Operations for CDA says, “We are thrilled to be partnering with MediPharm Labs Australia to bring quality GMP products to our national network of medical professionals, pharmacies and patients. This is a testament to the progression of the Australian medical cannabis industry’s forward movement which will bring an alternative, more affordable option to patients. We look forward to working closely together with MediPharm Labs into the coming years.”
About Burleigh Heads and CDA
Burleigh Heads is a fully licensed medical cannabis wholesaler which utilises its secure cold-chain facility on Australia’s Gold Coast and national network of independent pharmacies partner network to provide streamlined distribution services throughout Australia. CDA, its parent company, operates CDA Clinics, doctor-led medical cannabis clinics throughout Australia through its network of physician clinics and TeleHealth consultation services. CDA Clinics has completed over 6,000 successful TGA patient approvals since launching in October 2018.
MediPharm Labs will launch their branded medical and wellness product line through multiple distribution channels to access the approximately 1.1 million Canadians currently using cannabis for medical purposes
https://www.google.com/amp/s/www.barrietoday.com/amp/local-news/barrie-based-medipharm-labs-unveils-new-line-of-cannabis-products-2210809
Right, getting old
Any EU GMP CERT timeline by LABS today??
Honestly, not sure how this plays out, whole sector needs a facelift. Only choice is sell or take a chance if you feel fundamentals are still good...right?
Yep, patience in the pot sector is rare. I did not like today but will re-evaluate 6 months from now. I’ll add in double digits , actually sold my small gainers today in other stocks for this possibility in Labs
Interesting??? Hmmm maybe grab some again
My guess John, but at these prices the last month most of my shares of LABS are locked up for the long haul. Easy money if patient, but I believe we get an update on payment with HEXO tomorrow.
Pre market
Exactly! Spot on, no way this is gonna be used. Something not right but if folks can pump it and make money go ahead. But, TRUST A CHINESE TEST that says may want to do another test for credible results...... hmmmm
Details: Abbott Laboratories says it is working with the Trump administration to deliver portable test kits to "areas where they can have the greatest impact" — likely virus hotspots such as New York, New Jersey and California.
The medical-device company plans to deliver 50,000 tests daily beginning April 1, per John Frels, vice president of research and development at Abbott, Bloomberg reports.
https://www.google.com/amp/s/www.axios.com/coronavirus-test-abbott-labs-edcfeb47-c216-4c5c-960d-df39d323a6da.html
From CEO:
https://ibb.co/TtXTpjV
holding long, not expecting anything extraordinary Monday cause of HEXO honestly , but the next Er is already May 5th.....stronger going forward. GL LONGS!! Surprise me LABS!!!
If panic sellers kick in and push the sp down more I will buy cheap again and...then I’ll check back in and post next year my gains from being patient!
Any way GL to all here, best investor board out here no doubt!!!
Got more than I want honestly lol