MediPharm Labs Stock (TSXV: LABS) (OTC: MLCPF) - Investor Dashboard
MediPharm Labs – Cannabis Extracts Supplier Services
As an agnostic service provider to the entire industry which contains more than 100 License producers and hundreds of additional applicants, MediPharm Labs has a go-to-market strategy with two distinct revenue streams.
Contract Processing – Extraction services entail a supply of purified cGMP cannabis oil to qualified Health Canada and Officer of Drug Control Australia approved companies, for sale under their own brand.
White Label Production – Utilizing a joint-venture model, services include a supply of purified cannabis concentrate raw materials, product formulations, processing and packaging for ready-to-sell advanced cannabis products. As regulations change, MediPharm Labs expects white label production services to dominate over contract processing.
Facilities – MediPharm Labs has a 10,000-square-foot facility in Barrie, Ontario. The second phase of the facility, slated for completion in Q2 2019, will result in an additional 150,000-kilogram capacity. MediPharm Labs has a cannabis oil production license from Health Canada and is permitted to conduct business with other LPs.
The company has also broken ground on a facility in Wonthaggi, Victoria, Australia. The company will begin producing cannabis oil pending Office of Drug Control Australia approval.
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