Are you Canadian?
All medical schools are relatively well-regarded within Canada since there are so few of them, unlike in the States. Some may say Toronto is "best", but there doesn't seem to be as wide a gap between the "top" and "non-top" schools. This is mainly because many schools are regional schools - i.e. are responsible for producing doctors for the Maritimes, Manitoba, etc. Therefore, Memorial is well-regarded especially in the Maritimes, although it may play second-fiddle to Dalhousie. Getting into a Canadian school is quite competitive, and of course, an MD is an MD is an MD.
To be honest, the reputation of Memorial in Canada isn't that great simply because no one really mentions it (it is not "bad", per se). It is more of a regional school and its main purpose is to educate people from Newfoundland/Labrador and other Maritime provinces. I don't think it has much, if any, international recognition. I imagine you'd get lots of hands-on experience since there aren't that many (2, I think) med schools in the Maritimes.