Sept 28 (Reuters) - Medipharm Labs Corp LABS.TO :
* MEDIPHARM LABS SECURES 100% OWNERSHIP OF ITS AUSTRALIA SUBSIDIARY, POISED FOR NEW WAVE OF GLOBAL MEDICINAL CANNABIS GROWTH
* MEDIPHARM LABS-ENTERED AGREEMENT WITH LOCAL AUSTRALIAN PARTNER TO ACQUIRE ITS 20% OWNERSHIP INTEREST IN CO'S 80%-OWNED UNIT MEDIPHARM LABS AUSTRALIA
* MEDIPHARM LABS CORP - UNDER BUYOUT AGREEMENT, MEDIPHARM LABS WILL PAY CONSIDERATION OF APPROXIMATELY $3.2 MILLION