Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
Since MediPharm Labs (OTCQX:MEDIF) went public earlier this year, the stock has been a consistent performer including the third-quarter it just reported. With sales and profitability both growing at a fast rate, we think MediPharm is emerging as the best value play within the cannabis sector.
(All amounts in C$)
2019 Q3 Review
MediPharm reported 2019 Q3 results which showed revenue growing another 38% to $43 million. Gross margin was