Cannabinoids-Focused Pharma Company, MediPharm, Sees Higher Q1 Revenue, CFO Touts 'Strong Financial Position'
Portfolio Pulse from Nina Zdinjak
MediPharm Labs Corp. (OTCQB: MEDIF) reported a 67% increase in Q1 revenue to $9.8 million, improved gross profit, and a significant reduction in Adjusted EBITDA loss. The company is in a strong financial position with $17 million in cash and less than $3 million in debt, positioning it well for future growth.
May 15, 2024 | 11:33 am
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MediPharm Labs Corp. reported a 67% increase in Q1 revenue to $9.8 million, improved gross profit, and a significant reduction in Adjusted EBITDA loss. The company is in a strong financial position with $17 million in cash and less than $3 million in debt, positioning it well for future growth.
The significant increase in revenue, improved gross profit, and reduced Adjusted EBITDA loss indicate strong financial health and potential for future growth. The company's strong cash position and low debt further support a positive outlook.
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