Overview
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- TickerMCUJF on OTC2
- IndustryPharmaceutical Preparations2
- HeadquartersWinnipeg, Canada2
- Incorporated inManitoba, Canada3
- Business addressSuite 2, 1250 Waverley Street, Winnipeg, R2C 0A13
- Filer categoryNon-accelerated filer3
- Legal formShare corporations (including professional corporations)2
- LEI9845007T999BF377B6272
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered address2-1250 WAVERLEY ST, R3T 6C6 Winnipeg, Canada2
- Registered withCompanies Office (Province of Manitoba), 41638862
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On December 22, 1999, the Company was formed by the amalgamation of Medicure Inc. with Lariat Capital Inc. pursuant to the provisions of the Business Corporations Act (Alberta). The Company was continued from Alberta to the federal jurisdiction by Certificate of Continuance issued pursuant to the provisions of the Canada Business Corporations Act on February 23, 2000.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.
Key numbers, fiscal 2024
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Retail and Mail Order Pharmacy brought in 70% of the revenue MEDICURE INC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Retail and Mail Order Pharmacy | 10.8M CAD | 20.3M CAD |
| Marketing and Distribution of Commercial Products | 11.1M CAD | 8.6M CAD |
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue40¢8.8M CAD
- Research and development14¢3.1M CAD
- Other costs45¢9.8M CAD
- Income tax1¢256.0K CAD
Out of 21.9M CAD in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2024
- Kept or used elsewhere100¢1.4M CAD
Out of 1.4M CAD of cash from operations.5
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Product sales, net | 28.9M CAD | 21.9M CAD | 21.7M CAD |
| Cost of goods sold | 17.1M CAD | 8.8M CAD | 7.7M CAD |
| Gross profit | 11.7M CAD | 13.1M CAD | 14.0M CAD |
| Selling | 10.5M CAD | 8.0M CAD | 8.3M CAD |
| General and administrative | 5.0M CAD | 4.8M CAD | 4.1M CAD |
| Research and development | 3.2M CAD | 3.1M CAD | 2.4M CAD |
| Total expense | 18.6M CAD | 15.8M CAD | 14.8M CAD |
| Other income | 0 CAD | -1.9M CAD | 0 CAD |
| Total Other income | 0 CAD | -1.9M CAD | 0 CAD |
| Finance income, net | -122.0K CAD | -165.0K CAD | -65.0K CAD |
| Foreign exchange loss, net | 123.0K CAD | 71.0K CAD | 108.0K CAD |
| Total Finance costs (income) | 1.0K CAD | -94.0K CAD | 43.0K CAD |
| Net (loss) income before income taxes | -6.9M CAD | -783.0K CAD | -897.0K CAD |
| Current | -208.0K CAD | -256.0K CAD | -25.0K CAD |
| Deferred | 0 CAD | 0 CAD | 0 CAD |
| (Expense) recovery | -208.0K CAD | -256.0K CAD | -25.0K CAD |
| Net loss | -7.1M CAD | -1.0M CAD | -922.0K CAD |
| Exchange differences on translation of foreign subsidiaries: | -908.0K CAD | 1.7M CAD | -531.0K CAD |
| Comprehensive Income (loss) | -8.0M CAD | 686.0K CAD | -1.5M CAD |
| Basic | -0.68 CAD | -0.10 CAD | -0.09 CAD |
| Diluted | -0.68 CAD | -0.10 CAD | -0.09 CAD |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 3.8M CAD | 7.2M CAD | ||
| Accounts receivable | 4.8M CAD | 5.3M CAD | ||
| Inventories | 2.9M CAD | 3.3M CAD | ||
| Prepaid expenses | 293.0K CAD | 126.0K CAD | ||
| Total current assets | 11.9M CAD | 15.9M CAD | ||
| Property and equipment | 945.0K CAD | 955.0K CAD | ||
| Intangible assets | 7.7M CAD | 9.4M CAD | ||
| Goodwill | 4.3M CAD | 3.4M CAD | 3.1M CAD | |
| Other assets | 109.0K CAD | 98.0K CAD | ||
| Total noncurrent assets | 13.1M CAD | 13.8M CAD | ||
| Total assets | 24.9M CAD | 29.7M CAD | ||
| Accounts payable and accrued liabilities | 10.6M CAD | 7.9M CAD | ||
| Income taxes payable | 90.0K CAD | 95.0K CAD | ||
| Current portion of lease obligations | 464.0K CAD | 368.0K CAD | ||
| Acquisition payable | 388.0K CAD | 0 CAD | ||
| Holdback payable | 84.0K CAD | 0 CAD | ||
| Total current liabilities | 11.6M CAD | 8.4M CAD | ||
| Lease obligations | 427.0K CAD | 506.0K CAD | ||
| Total noncurrent liabilities | 427.0K CAD | 506.0K CAD | ||
| Total liabilities | 12.0M CAD | 8.9M CAD | ||
| Share capital | 81.0M CAD | 81.0M CAD | ||
| Contributed surplus | 11.1M CAD | 10.9M CAD | ||
| Accumulated other comprehensive loss | -5.2M CAD | -4.3M CAD | ||
| Deficit | -74.0M CAD | -66.9M CAD | ||
| Total equity | 12.9M CAD | 20.8M CAD | 19.9M CAD | 21.0M CAD |
| Total liabilities and equity | 24.9M CAD | 29.7M CAD |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 3.8M CAD | 7.2M CAD | ||
| Accounts receivable | 4.8M CAD | 5.3M CAD | ||
| Inventories | 2.9M CAD | 3.3M CAD | ||
| Prepaid expenses | 293.0K CAD | 126.0K CAD | ||
| Total current assets | 11.9M CAD | 15.9M CAD | ||
| Property and equipment | 945.0K CAD | 955.0K CAD | ||
| Intangible assets | 7.7M CAD | 9.4M CAD | ||
| Goodwill | 4.3M CAD | 3.4M CAD | 3.1M CAD | |
| Other assets | 109.0K CAD | 98.0K CAD | ||
| Total noncurrent assets | 13.1M CAD | 13.8M CAD | ||
| Total assets | 24.9M CAD | 29.7M CAD | ||
| Accounts payable and accrued liabilities | 10.6M CAD | 7.9M CAD | ||
| Income taxes payable | 90.0K CAD | 95.0K CAD | ||
| Current portion of lease obligations | 464.0K CAD | 368.0K CAD | ||
| Acquisition payable | 388.0K CAD | 0 CAD | ||
| Holdback payable | 84.0K CAD | 0 CAD | ||
| Total current liabilities | 11.6M CAD | 8.4M CAD | ||
| Lease obligations | 427.0K CAD | 506.0K CAD | ||
| Total noncurrent liabilities | 427.0K CAD | 506.0K CAD | ||
| Total liabilities | 12.0M CAD | 8.9M CAD | ||
| Share capital | 81.0M CAD | 81.0M CAD | ||
| Contributed surplus | 11.1M CAD | 10.9M CAD | ||
| Accumulated other comprehensive loss | -5.2M CAD | -4.3M CAD | ||
| Deficit | -74.0M CAD | -66.9M CAD | ||
| Total equity | 12.9M CAD | 20.8M CAD | 19.9M CAD | 21.0M CAD |
| Total liabilities and equity | 24.9M CAD | 29.7M CAD |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss for the year | -7.1M CAD | -1.0M CAD | -922.0K CAD |
| Current income tax expense | 208.0K CAD | 256.0K CAD | 25.0K CAD |
| Amortization of property and equipment | 494.0K CAD | 438.0K CAD | 434.0K CAD |
| Amortization of intangible assets | 2.2M CAD | 1.9M CAD | 1.7M CAD |
| Sharebased compensation | 136.0K CAD | 196.0K CAD | 288.0K CAD |
| Write-down of inventories, net of recoveries | 458.0K CAD | 78.0K CAD | 277.0K CAD |
| Finance income, net | -122.0K CAD | -165.0K CAD | -65.0K CAD |
| Unrealized foreign exchange loss | 123.0K CAD | 71.0K CAD | 108.0K CAD |
| Accounts receivable | 227.0K CAD | 150.0K CAD | 760.0K CAD |
| Inventories | 109.0K CAD | -207.0K CAD | -31.0K CAD |
| Prepaid expenses | -204.0K CAD | 237.0K CAD | -26.0K CAD |
| Other assets | 0 CAD | -18.0K CAD | 0 CAD |
| Accounts payable and accrued liabilities | 2.9M CAD | -494.0K CAD | -236.0K CAD |
| Interest received (paid), net | 188.0K CAD | 175.0K CAD | 48.0K CAD |
| Income taxes paid, net | -180.0K CAD | -177.0K CAD | -61.0K CAD |
| Royalties paid | 0 CAD | 0 CAD | -256.0K CAD |
| Cash flows from operating activities | -560.0K CAD | 1.4M CAD | 2.1M CAD |
| Acquisition of intangible assets | 0 CAD | -739.0K CAD | -270.0K CAD |
| Acquisition of Gateway Pharmacy | -542.0K CAD | ||
| Acquisition of West Olympia Pharmacy | -1.5M CAD | 0 CAD | 0 CAD |
| Cash used in investing activities | -2.0M CAD | -739.0K CAD | -270.0K CAD |
| Repayment of lease liability | -415.0K CAD | -370.0K CAD | -353.0K CAD |
| Stock options exercised | 0 CAD | 0 CAD | 56.0K CAD |
| Cash used in financing activities | -415.0K CAD | -370.0K CAD | -297.0K CAD |
| Foreign exchange gain (loss) on cash held in foreign currency | -339.0K CAD | 554.0K CAD | 0 CAD |
| Increase in cash and cash equivalents | -3.4M CAD | 822.0K CAD | 1.5M CAD |
No quarter-by-quarter statement was filed.
What it owns
What MEDICURE INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | 955.0K CAD5 Dec 31, 2024 | 736.0K CAD5 Dec 31, 2023 | +29.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | 7.2M CAD5 Dec 31, 2024 | 6.4M CAD5 Dec 31, 2023 | +12.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | 3.4M CAD5 Dec 31, 2024 | 3.1M CAD5 Dec 31, 2023 | +8.8% |
| Intangible assets, net (excluding goodwill) | 9.4M CAD5 Dec 31, 2024 | 8.9M CAD5 Dec 31, 2023 | +4.6% |
Inventory
Timeline
- Sep 15, 1997Founded MEDICURE INC is founded2
Filings
63 filings to the SEC since October 2021: 5 annual reports, 58 other. The latest 20:
- Aug 19, 20266-K EDGAR
- Aug 19, 20266-K EDGAR
- May 21, 20266-K EDGAR
- May 21, 20266-K EDGAR
- May 21, 20266-K EDGAR
- Apr 24, 20266-K EDGAR
- Apr 24, 202620-F EDGAR
- Apr 23, 20266-K EDGAR
- Nov 19, 20256-K EDGAR
- Nov 19, 20256-K EDGAR
- Nov 14, 20256-K EDGAR
- Aug 21, 20256-K EDGAR
- Aug 21, 20256-K EDGAR
- Aug 21, 20256-K EDGAR
- Jun 18, 20256-K EDGAR
- May 21, 20256-K EDGAR
- Apr 28, 20256-K EDGAR
- Apr 25, 202520-F EDGAR
- Apr 23, 20256-K EDGAR
- Apr 11, 20256-K EDGAR
The 63 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How MEDICURE INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMEDICURE INC1
- CIK0001133519
- Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
- Incorporated inCanada4
- Fiscal year endsDecember 311
- Industry code (SIC)2834 Pharmaceutical Preparations1
- SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
- Business addressSuite 2, 1250 Waverley Street, Winnipeg, Canada R2C 0A1, Manitoba, Canada1
- Phone204-487-74121
- Shares outstanding10,436,313 shares as of Dec 31, 20254
- AuditorErnst & Young LLP, Winnipeg, Canada PCAOB ID 12634
- On EDGAR sinceOct 29, 20021
- Filings481 in all: 6-K (423), 20-F (25), SC 13G (5), SC 13G/A (4), F-10/A (3), F-X (3), F-10 (2), REGDEX (2)1
All 20 form types
SC 13D (2), UPLOAD (2), 20-F/A (1), 20FR12G/A (1), 25 (1), 6-K/A (1), 8-A12B (1), CB (1), CERTAMX (1), CORRESP (1), NT 20-F (1), S-8 (1)
- Latest filingsAnnual report (20-F) Apr 24, 2026
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARMEDICURE INC filings on SEC EDGAR
- 2
- 3SEC EDGARMEDICURE INC filings on SEC EDGAR
- 4
- 5SEC EDGARMEDICURE INC 10-K for fiscal 2024
- 6
- 7SEC EDGARMEDICURE INC 10-K for fiscal 2018
- 8SEC EDGARMEDICURE INC 10-K for fiscal 2019
- 9SEC EDGARMEDICURE INC 10-K for fiscal 2020
- 10SEC EDGARMEDICURE INC 10-K for fiscal 2021
- 11SEC EDGARMEDICURE INC 10-K for fiscal 2018
- 12SEC EDGARMEDICURE INC 10-K for fiscal 2018