Compounding Pharmacy of Manitoba

What Compounding Pharmacy of Manitoba does

CPM - The Compounding Pharmacy of Manitoba is a Canadian specialized compounding pharmacy founded in 2010 and headquartered in Oakbank, Manitoba. The company operates a 25,000 square-foot facility described as the largest compounding facility in Canada, equipped with a NAPRA-compliant sterile compounding cleanroom suite that allows preparation of compounds at all non-sterile levels (A, B, C) and sterile products. Its core technology stack centers on pharmaceutical compounding processes adhering to NAPRA standards mandated by the College of Pharmacists of Manitoba, with all raw material pharmaceutical ingredients Health Canada approved (holding drug identification numbers or certificates of analysis) and every compound prepared against detailed master formulation records (MFRs) under comprehensive standard operating procedures.

CPM serves four primary customer segments: pharmacists/pharmacies, physicians and nurse practitioners, veterinarians, and naturopathic doctors, delivering custom preparations across nine service lines including pediatric, palliative care, pain management, hormone restoration, respiratory, diabetes, dental, veterinary, and naturopathic medications. Its go-to-market is sales-led and fax-driven: healthcare professionals must complete a sign-up process and submit PDF price quote and order forms via fax, after which compounded products are delivered directly to the customer's pharmacy of choice, typically with same-day or next-day turnaround. Pricing is quote-based with no publicly disclosed price list, and revenue is generated on a transactional basis per compound request.

In December 2024, the company was acquired by Grey Wolf Animal Health Corp for $22.5 million and now operates as a subsidiary of that public entity (GWAH), contributing to a pharmacy business segment that reported $22.7 million in revenue for full year 2025 (a 54.7% increase). Grey Wolf has signaled plans to rename itself Grey Wolf Health Corp to reflect its expanded scope beyond animal health.

Name

Compounding Pharmacy of Manitoba

Legal name

CPM - The Compounding Pharmacy of Manitoba

Website

https://pharmacymanitoba.com

Company type

Private

Founded year

2010

Operating status

Acquired

Headcount range

11–50 employees

Short description

Compounding Pharmacy of Manitoba operates Canada's largest compounding facility (25,000 sq ft) in Oakbank, providing custom sterile and non-sterile medications to pharmacies, physicians, veterinarians, and naturopathic doctors across the region.

Ownership category

akta.pro rank

Headquarters

HQ city

Winnipeg

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Others

Revenue model

1. Compounding Pharmacy Services: The company generates revenue through compounding custom medications for patients, pharmacies, hospitals, clinics, and institutions. Healthcare professionals submit price quote requests and orders via fax after completing sign-up processes. No specific product/price list exists as preparation variations are endless - pricing is determined per compound request.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

CPM is a pharmaceutical compounding pharmacy that prepares custom medications for pharmacies, hospitals, clinics, and institutions. It specializes in pediatric, palliative care, pain management, hormone restoration, respiratory, veterinary, diabetes management, dental, and naturopathic preparations using a NAPRA-compliant sterile compounding cleanroom. Compounded products are delivered directly to the customer's pharmacy of choice with same-day to next-day turnaround.

Product overview

The Compounding Pharmacy of Manitoba (CPM) is a specialized compounding pharmacy serving patients, pharmacies, hospitals, clinics, and institutions across Canada. Founded in 2010, the company operates from a 25,000 square foot facility in Oakbank, Manitoba—the largest compounding facility in Canada—featuring a NAPRA-compliant sterile compounding cleanroom suite. CPM offers a comprehensive portfolio of compounding services including Pediatric Preparations, Palliative Care Preparations, Pain Management Therapy, Hormone Restoration Therapy, Respiratory Management Therapy, Veterinary Medications, Diabetes Management Therapy, Dental Preparations, and Naturopathic Medications. The company primarily serves healthcare professionals (physicians, pharmacists, veterinarians, and naturopathic doctors) through a fax-based ordering system, providing same-day to next-day service with Health Canada-approved ingredients.

Differentiator

Problem solved

Functional benefit

Products and services

• Pediatric Preparations Custom pediatric medication formulations, including oral liquid suspensions and flavoring options, for children who have difficulty swallowing tablets or capsules.
• Palliative Care Preparations Sterile injectable products, including pre-filled syringes with the longest beyond-use dating permitted by regulations, prepared in CPM's NAPRA-compliant cleanroom facility.
• Pain Management Therapy Topical, oral, and injectable pain medications tailored to individual patient needs in a variety of dosage forms.
• Hormone Restoration Therapy Custom hormone therapy preparations available in topical, oral, and injectable dosage forms as prescribed by primary care providers.
• Respiratory Management Therapy Respiratory medications in oral, topical, and injectable forms, including sterile preparations for inhalation requiring a compliant cleanroom environment.
• Veterinary Medications Custom veterinary preparations for small animals, large animals, domestic, and exotic species, using a wide range of raw materials and formulation types.
• Diabetes Management Therapy Pre-filled insulin syringes and other diabetes medications prepared in NAPRA-compliant cleanrooms for patients requiring assistance with dose administration.
• Dental Preparations Custom dental medications prepared when commercial products are unavailable to support dental clinic needs.
• Naturopathic Medications Sterile and non-sterile preparations prescribed by naturopathic doctors, with same-day to next-day service.

Quantifiable outcome

• Same day to next day turnaround for most compounding services

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Apotex: Largest Canadian-based generic pharmaceutical manufacturer. Comparable to CPM as a domestic pharmaceutical manufacturer operating under Health Canada oversight, though focused on high-volume generics rather than custom sterile compounding.
• McKesson Canada: Major Canadian pharmaceutical distributor and specialty pharmacy operator. Comparable as a scale healthcare distribution player that competes for hospital and pharmacy supply relationships.
• Pharmasave: National Canadian pharmacy chain offering compounding services through member pharmacies. Comparable as a competitor and potential partner for CPM's B2B pharmacy customer base.
• CVS Health: US integrated pharmacy and PBM operator with significant compounding capability. Comparable as a large-scale pharmacy services competitor benchmarking what scaled compounding distribution looks like in North America.
• Shoppers Drug Mart (Loblaw Companies): Canada's largest retail pharmacy chain, part of Loblaw. Provides in-store compounding services across provinces and represents the dominant channel that CPM supplies via its direct-to-pharmacy distribution model.

Direct peers

• Avella Specialty Pharmacy: US specialty and compounding pharmacy accredited by PCAB/URAC, offering sterile and non-sterile compounded preparations to patients, providers, and institutions. Comparable to CPM in custom sterile compounding, regulatory rigor, and diversified therapeutic categories.
• Pharmedium: Largest US provider of hospital outsourced sterile compounding services, supplying admixture and prefilled syringes. Highly comparable to CPM's sterile compounding, NAPRA-style cleanroom operations, and B2B pharmacy/hospital GTM.
• BioScript Solutions: Canadian specialty pharmacy and infusion provider offering compounding and clinical support across the country. Comparable to CPM as a Canada-based specialty/compounding pharmacy serving patients, pharmacies, and clinics.
• Central Admixture Pharmacy Services (CAPS): B. Braun-owned network of FDA-inspected regional compounding centers producing sterile admixture and prefilled syringes for hospitals. Directly comparable to CPM's sterile compounding cleanroom and same-day/next-day hospital-pharmacy delivery model.

Regional players

• Jean Coutu: Large Quebec-based pharmacy chain (part of METRO) offering compounding services primarily in Eastern Canada. Comparable as a regional pharmacy customer and competitor in the Canadian compounding space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/the-compounding-pharmacy-of-manitoba

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Compounding Pharmacy of Manitoba