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MediPharm Labs to Sell its Hope Facility to Rubicon Organics for $4.5M

Newswire.ca - Mon Mar 3, 2025

TORONTO, March 3, 2025 /CNW/ - MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) ("MediPharm", "MediPharm Labs" or the "Company") and Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) ("Rubicon Organics") are pleased to announce that they have entered into an agreement (the "Purchase Agreement") for the sale of MediPharm's facility in Hope, B.C. (the "Hope Facility") to Rubicon Organics for $4.5 million in cash (the "Transaction"). Pursuant to the Purchase Agreement, Rubicon Organics has agreed to acquire the assets, including certain equipment, the land and building, associated with the Hope Facility.

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