MediPharm Labs Provides Update on Previously Announced Sale of Napanee Facility to Kensana Health
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MediPharm Labs Corp. is progressing with the sale of its Napanee Facility to Kensana Health for $5.5 million. The closing date has been extended to January 31, 2025.
January 16, 2025 | 12:15 pm
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MediPharm Labs is selling its Napanee Facility to Kensana Health for $5.5 million, with the closing date extended to January 31, 2025.
The sale of the Napanee Facility is a significant transaction for MediPharm Labs, potentially improving its cash position by $5.5 million. The extension of the closing date suggests ongoing negotiations but indicates progress towards completion. This could positively impact the stock price as it reflects strategic asset management.
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