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Exalted

1,869 Posts.

1472

08/08/19

09:28

Post #: 39916416
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Originally posted by Olinad: ↑

Hi Exalted, white label means that medipharm extracts and packages products for other companies, ie. Canopy, Supreme....these companies then sell medipharm's product under their own labels. Medipharm was a first mover realising that 100's of companies where growing cannabis but didnt have facilities to extract cannabis oil for medicinal, vapes, and edibles. Being an ex pharma they are experts in extraction. No brainer really......others will probably catch up to medipharm (VALENS, NEPTUNE) but for the moment medipharm is kicking goals. Look at their chart, great management. Their revenue in Q1 was on a par with with the multi billion market capped big boys.....expectattions are that Q2 will be even bigger........Aphria is backed by Altria (tobacco company with brands like Marlboro....they have stacks of cash but.....I dont invest in tobacco...). When edibles (CBD infused food products) go on the market in Canada later this year extraction companies will get another boost. Hope that helps.....

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Hi Olinad, thanks for the explanation. That would make them an ideal partner for us, because we are certainly all about making our own labels.
Yeah, I know what edibles are heh. Interesting!

IHL Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
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