MediPharm Labs (TSXV:LABS,OTCQX:MEDIF,FWB:MLZ) CEO Pat McCutcheon joined the Investing News Network to give an overview of his company’s progress in Canada over the past year.

During the interview, McCutcheon touched on the company’s financial results for 2018, which was the first year of audited financials for MediPharm Labs. The company has already seen impressive sales this year, with projections for another strong quarter. According to McCutcheon, MediPharm Labs maintains a strict quality agreement that guarantees all of its products are up to Health Canada’s standards.

As MediPharm looks forward to 2019, the company sees an opportunity in the Canadian marketplace as new regulations are expected to establish a legal cannabis edibles market. According to McCutcheon, MediPharm Labs will also continue to look abroad to countries like Australia and Germany in order to reach new markets and expand its customer base.

Below is a transcript of our interview with MediPharm CEO Pat McCutcheon. It has been edited for clarity and brevity.

Investing News Network: What do MediPharm Labs’ 2018 financials tell you about the company’s progress?

MediPharm CEO Pat McCutcheon: We’re really excited to release these recent financials. We just did just over C$10 million in our first month of sales, which represents a C$10 million quarter. This is our first annual audited financials. For the extraction-based industry, we did just over C$2 million of adjusted earnings before interest, tax, depreciation and amortization, which is really exciting.

INN: How does MediPharm Labs select its suppliers?

PM: MediPharm puts our suppliers through various strict regimens to identify whether or not they can adhere to our quality agreement. Ensuring that we have suppliers that can meet and deliver a product that is pesticide free, bacteria and mold free is extremely important and it’s the only way that we can actually adhere to the GMP manufacturing process at our facility.

INN: How will the upcoming changes to Health Canada’s existing regulations affect MediPharm Labs?

PM: The new regulations actually broaden the opportunity for MediPharm Labs to sell into, now, an edible market. The edible markets will allow for vapes, new edible products and the opportunity for consumer package grid companies to come to the space. We’re really excited to execute on our private label platform and its new market regulatory change gives us that opportunity.

INN: What are MediPharm’s aspirations outside of Canada? Does the company have a long-term global strategy?

PM: Our first international expansion opportunity is in Australia. Australia was a perfect place for us to start outside of Canada for a number of reasons. One, the similarities to the Health Canada regime’s regulatory application process. Two, the opportunity to access large volumes of low-cost supply because of such great growing conditions. And three, because it is very quickly increasing its consumer base for medical cannabis products.

We are currently well down the path to approval with our EU GMP certification, which is going to give us the opportunity to export to the European countries, mainly focused on Germany due to its quickly growing consumer base for medical cannabis products. We’re looking at other areas of the world where we can continue to source large volumes of low-cost supply and Latin America is the best opportunity we see after Australia.

INN: Can you tell us more about the research and development MediPharm is conducting at the moment?

PM: MediPharm Labs is executing a number of different research initiatives, whether it be formulations, new extraction technology for secondary extraction and distillation or isolation. Our fractionation project really creates the foundation of our opportunity to make the active pharmaceutical ingredient for different medical products that can be sold globally.

This interview is sponsored by MediPharm Labs (TSXV:LABS,OTCQB:MEDIF, FWB:MLZ). This interview provides information which was sourced by the Investing News Network (INN) and approved by MediPharm Labs in order to help investors learn more about the company. MediPharm Labs is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with MediPharm Labs and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

 Sweet Earth Holdings Corp. (CSE: SE) (FSE: 1KZ1) (OTCQB: SEHCF) (“Sweet Earth” the “Company”) is pleased to announce that it has received full Depository Trust Company (“DTC”) eligibility in the United States. On October 20, 2020, Sweet Earth announced that its shares had been listed on the United States’ Over-The-Counter Bulletin (“OTCQB”) under the ticker SEHCF.

DTC status means that Sweet Earth shares are now eligible to be transferred between brokerage accounts within the United States and significantly augments the ease in which American-based investors are able to trade Sweet Earth shares.

Keep reading... Show less

Hill Street Beverage Company Inc. (TSXV: BEER) (“Hill Street” or the “Company”), announces that further to its press releases dated July 21, 2020 and July 31, 2020, the Company proposes to amend the exercise price of 19,405,804 warrants of the Company that were originally issued on July 27, 2018, to $0.10. These warrants are set to expire on December 31, 2020.

The Company had initially proposed a lower amended price, but that proposal was not approved by the TSX Venture Exchange (“Exchange“), however, the Exchange indicated that a $0.10 exercise price, may be more acceptable. Accordingly, the proposed amendment remains subject to Exchange approval.

Keep reading... Show less

Issuance of U.S. Patent No. 10,851,077 covering methods for extracting and concentrating cannabinoids using ultrasound-enhanced solvent extraction bolsters World Class’ intellectual patent portfolio

World-Class Extractions Inc. (CSE:PUMP)(FRA:WCF)(OTCQB:WCEXF) (the “Company” or “World-Class”) is pleased to announced the United States Patent and Trademark Office (“USPTO”) has issued U.S. Patent No. 10,851,077 on December 1, 2020 in relation to the Company’s methods for extracting and concentrating cannabinoids and other target compounds from cannabis using ultrasound-enhanced solvent extraction

Keep reading... Show less

Ubican brings well-known brands and is a trusted vendor with an established sales and marketing program

Chemesis International Inc. (CSE:CSI) (OTCQB:CADMF) (FRA:CWAA) (the “Company” or “Chemesis”), announces Ubican Global (“Ubican”) as its primary supplier for its United States VICKI program. Ubican is a trusted supplier of a family of brands, each with multiple types of products. The products include tinctures, digestibles, edibles, pet, beautyskincare, topical, edible, fitness, and smokable products

Keep reading... Show less

 Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) is pleased to announce that it has engaged VisionWorks Engineering of San Diego, CA to commence engineering work to complete and test a proof of concept prototype of its nasal mist device.

This is a major milestone towards the ultimate goal for development of effective delivery methods and commercialization. The Company holds several provisional patent applications including for a nasal mist device entitled “Device and Method for the Treatment of Traumatic Brain Injuries and Post-Traumatic Stress Disorder”. This device includes a nasal delivery system for administration of pharmaceutical agents such as a psilocybin-derived agent and/or N-acetylcysteine (“NAC“) at preselected dosages and times. The device design allows for the precise control and delivery of medicines through the nasal cavity for faster and more efficient uptake of psychedelics and other medicines that target the brain.

Keep reading... Show less