Topic: Penny Stocks

Hi Pat: Can you give me your opinion on Mettrum Health Corporation? Thanks so much.

Article Excerpt

A: Mettrum Health Corp., $1.90, symbol MT on Toronto, (Shares outstanding: 33.8 million; Market cap: $64.2 million;, began trading on the Toronto venture exchange on October 2, 2014. The company is a licensed producer of medical marijuana in Canada. Its only production site is a plant in Bowmanville, Ontario. It is now building a second facility in the area. A third operation is planned for Creemore, Ontario. Mettrum has the potential to produce 12,000 kilograms of medical marijuana a year. Its current licensed capacity is 3,550 kilograms. The company began producing marijuana in January 2014. As a result, its revenue jumped from $170,349 in 2014 to $3.1 million in 2015 (fiscal years end March 31). Its losses also expanded, from $0.07 a share (or a total of $830,314) to $0.27 a share (or $7.1 million). On April 30, 2015, Mettrum acquired Oilseed Works Inc., a Barrie, Ontario-based producer of hemp flour, cooking mixes, lip balm and oil. The company paid $250,000 for business…

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