MediPharm Labs Corp (MEDIF)

[FUNMAN]

A bit of clarity. The Q3 2019 ER for 09/30/19 posted Total Revenue = C$43,386 ... the claim against HEXO was C$9.8M ...

23% of revenues is a big chunk but not fatal. Net probably went from black to red on this claim.

Everyone anticipated more cannabis 2.0 revenues in the 4th and 1st Q's.

The claim was probably over the 4th and 1st Q. We should see provisions for potential losses, but the revenue number should include the claim amount. Their accounting is not on a cash basis.

We should still see a revenue increase when the annual ER comes out with provisions in the "recent events" section explaining what happened with HEXO. There is still more than 60 days for a resolution to take place and a PR on that subject.

It would be helpful to get the final Australian permit that opens up all of the doors to the EU. A few new deals and or shipment announcements to the EU would be monumentally helpful.