MediPharm Labs Corp (CVE:LABS) Reports Adjusted EBITDA of $2.1 Million 2

MediPharm Labs Corp (CVE:LABS) Reports Adjusted EBITDA of $2.1 Million



MediPharm Labs Corp (CVE:LABS) (OTCMKTS:MEDIF) (FRA:MLZ) President Keith Strachan has nothing but praise for the MediPharm team in light of the company’s recent financial reporting. MediPharm recently released its Q4 financials for the period ending December 31, 2018 and the results were impressive. The company reported revenue of $10.2 million and adjusted EBITDA of $2.1 million. The pure play extractor has partnerships with Canopy Growth Corp (TSE:WEED) (NYSE:CGC) (FRA:11L1) and Supreme Cannabis Company Inc (TSE:FIRE) (OTCMKTS:SPRWF) (FRA:53S1). MediPharm Labs is strictly a B2B company and Strachan explains that its private label approach provides a turnkey model for established brands to enter the cannabis space. While price competition in the extraction space is a concern, Strachan believes the company’s turnkey offerings, in addition to MediPharm’s specialized end products and secure supply chain, will offset any commodity pricing in the space.

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