MediPharm Labs sues unnamed LP

Ah perfect they are now suing each other!! Rumor has it it is either Aurora or Emerald Health that is refusing to pay. Emerald already screwed over Village farms for 10 mill so wouldnt be surprised if it was those losers.

tryin to make it any which way they can I guess lol

for a lab...they must be doing good in comparison to the actual growing part of this market or the lp's
the focus of this lab is:
"Founded in 2015, MediPharm Labs specializes in the production of purified, pharmaceutical quality cannabis oil and concentrates and advanced derivative products utilizing a Good Manufacturing Practices certified facility and ISO standard built clean rooms. MediPharm Labs has invested in an expert, research driven team, state-of-the-art technology, downstream purification methodologies and purpose-built facilities with five primary extraction lines for delivery of pure, trusted and precision-dosed cannabis products for its customers. Through its wholesale and white label platforms, MediPharm Labs formulates, sensory-tests, processes, packages and distributes cannabis extracts and advanced cannabinoid-based products to domestic and international markets.

I would have thought the real money in cannabis oil production would be the actual production of the cannabis oil...
which I would have guessed that,the LP's would have under taken this part of the business themselves rather than give away a large portion of the profit potential they had.
The fact that someone owes these guys approx 10 million bucks for oil they produced formulated,and extracted ,packaged and distributed
on behalf of the grower ....really indicates that these Lp's are not thinking clearly about what portion of the cannabis market has the potential to make them sustainable long term revenue generation...
I would think the shelf life for extracted oils would far exceed that of packaged flower

The question is why can’t 9.8 mill in oil not be paid for? Is it unsalable due to pesticides perhaps?

Freedom seed said:

Is it unsalable due to pesticides perhaps?

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yep 100%

From their 2019 Q3 Report:

Bulk Extract Supply Agreements: Over the past nine-months, the Company has secured long-term bulk extract agreements with industry leaders including AusCann Group Holdings Ltd., Cronos Group, ADREXpharma GmbH and TerrAscend Canada Inc., and (subsequent to quarter end) Olli Brands Inc., an innovative leader in the creation and food-grade manufacturing of premium, smoke-free cannabis-infused edibles and teas. The Company also entered into numerous spot sales of cannabis extracts in the B2B market.

Freedom seed said:

The question is why can’t 9.8 mill in oil not be paid for? Is it unsalable due to pesticides perhaps?

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Hyper extension of funds that weren't realized perhaps? "We'll give you 10 mil for this that and other!"... a few months later... "Sorry, we didn't receive the 10 gazillion investment dollars we hoped for when we publicly stated we're open for business. Well, actually we did, but all of us executives pocketed it all to ensure our golden parachutes, but no money was left to cover our business promises".

more like..." the gov won't let us sell concentrates ..so screw you on the invoice"

Well someone knew more than they were letting on...when that contract got signed...would be my bet...
and yet still went a head and entered into to it anyway

As long as they are eating themselves ...........I'm so giddy

Annndddd the biggest loser is...........HEXO!! Can’t wait till this shit company goes under

westcoast420 said:

Annndddd the biggest loser is...........HEXO!! Can’t wait till this shit company goes under

MediPharm sues Hexo claiming breach for $9.8M in unpaid bills - BNN Bloomberg

MediPharm Labs Corp. is suing Quebec-based Hexo Corp. after alleging the pot producer failed to pay for millions of dollars’ worth of cannabis oil over a supply deal signed last year, the marijuana extraction company said in a court filing.

www.bnnbloomberg.ca

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these frogs thought their poison shwags were GOLDEN and could charge anything they wished.
FAIL TIME!!
HERE WE ARE

Who was it from Quebec I think it was that thought they had golden buds.
Was that the place called the Apothecary or something like that ?

yes exactly...hydro apothecary home of the 24 dollar gram

cannadan said:

yes exactly...hydro apothecary home of the 24 dollar gram

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Yeah but it came in a glass jar though.......