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MGC Pharmaceuticals (MXC)

Business description

MGC Pharmaceuticals (ASX: MXC) is an Australia-headquartered specialist medical cannabis biopharma company, which has most of its operations based in Europe. Management has many years of technical, clinical and commercial experience in the medical cannabis industry.

Stock data

Market cap.A$49.7m
Last closeA$0.04
High / Low (52 weeks)A$0.1 / A$0.0
Stock market listingAU
Forecast net cash (A$m)3.4
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(39.7059)(28.1)(46.1)
Relative *(36.7)(19.6)(43.5)

* % Relative to local index

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Company news

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2017A 0.1 (8.5) (8.5) (0.88) N/A N/A
2018A 0.3 (8.9) (9.0) (0.80) N/A N/A
2019E 2.3 (5.7) (5.7) (0.45) N/A N/A
2020E 8.9 (6.4) (6.6) (0.50) N/A N/A

Last updated on 22/10/2018

Latest research

Investment summary

MGC Pharmaceuticals is developing cannabis-based pharmaceutical products, initially in Australia and Europe. It has cannabis-growing operations in Europe and plans to supply cannabis-based active pharmaceutical ingredients (API), as well as developing registered pharmaceutical products for refractory epilepsy and dementia. MGC has signed a binding term sheet for the sale of its MGC Derma cannabis-based cosmetics business to Cannaglobal for up to C$15m (A$16m). We arrive at an initial valuation of A$140m or A$0.11 per share.

Last updated on 22/10/2018

Key management

Brett Mitchell, Executive Chairman
Roby Zomer, President & CTO

Company address

Level 7
108 Hay St
Perth
WA 6000
Australia
+61 8 9389 2000
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