11:06 AM EDT, 05/22/2025 (MT Newswires) -- MediPharm Labs ( MEDIF ) on Thursday said all conditions have been removed from the $4.5-million sale of its facility in Hope, British Columbia, to Rubicon Organics (ROMJ.V) with the sale on track to close in June.

The total value of MediPharm's ( MEDIF ) asset sales since 2022, including the Hope Facility, total $14 million. Since mid-2022, when implementation of this strategy began, to the first quarter of this year, MediPharm ( MEDIF ) has trimmed operating and overhead costs by $42 million dollars on an annualized basis.

MediPharm ( MEDIF ) shares were last seen up $0.01 to $0.08 on the Toronto Stock Exchange.

Price: 0.08, Change: +0.01, Percent Change: +14.29