MMJ says MediPharm Labs replenishes cannabis inventory

Company News

by Rachael Jones

MMJ Group Holdings (ASX:MMJ) says MediPharm Labs is already replenishing and increasing inventory to ensure uninterrupted cannabis oil supply for its existing customers for Q1 2019.

They purchased over 1,600 kg of additional dried cannabis from 7 different licensed producers between December 18, 2018 and January 8, 2019,

They hope to satisfy the robust and growing market demand for high quality purified concentrates.

MMJ owns approximately 4.4 million shares for a 4.3 per cent shareholding and 2.9 million warrants in MediPharm Labs.

Shares in MMJ Group Holdings (ASX:MMJ) are trading flat at $0.24.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.