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MediPharm Labs ( (TSE:LABS) ) has issued an announcement.
MediPharm Labs has commenced production of its novel cannabis metered dose inhalers for the EU and UK markets under a distribution agreement with Blackpoint Limited. This product provides a smoke-free, precise dosing option for patients, aligning with MediPharm’s mission to advance global access to pharma-grade cannabinoid wellness products. The launch is part of MediPharm’s strategy to expand internationally, leveraging its GMP certifications and distribution partnerships. The inhaler is designed for medical applications, offering a discreet and effective delivery method similar to asthma inhalers, and is expected to impact the European medicinal cannabis market significantly.
Spark’s Take on TSE:LABS Stock
According to Spark, TipRanks’ AI Analyst, TSE:LABS is a Neutral.
MediPharm Labs shows promise with recent operational improvements and strategic international expansion. However, persistent financial challenges and governance issues limit the upside. The stock’s stability is supported by a solid balance sheet and strategic cost management, but profitability and shareholder disputes remain significant hurdles.
To see Spark’s full report on TSE:LABS stock, click here.
More about MediPharm Labs
MediPharm Labs is a pharmaceutical company specializing in precision-based cannabinoids. It focuses on the development and manufacture of purified, pharmaceutical-quality cannabis concentrates, active pharmaceutical ingredients (API), and advanced derivative products. The company operates a Good Manufacturing Practices (GMP) certified facility with ISO standard-built clean rooms, and it serves both domestic and international medical markets. MediPharm Labs has expanded its reach through acquisitions and holds a unique GMP license for cannabinoid extraction in North America.
YTD Price Performance: 15.38%
Average Trading Volume: 327,176
Technical Sentiment Signal: Sell
Current Market Cap: C$31.14M
Learn more about LABS stock on TipRanks’ Stock Analysis page.