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Bullboard - Stock Discussion Forum Novamind Inc. NVMDF

Novamind is a leading mental health company enabling safe access to psychedelic medicine through a network of clinics, retreats, and clinical research sites. Novamind provides ketamine-assisted psychotherapy and other novel treatments through its network of Cedar Psychiatry clinics and operates Cedar Clinical Research, a contract research organization specialized in clinical trials and evidence... see more

OTCQB:NVMDF - Post Discussion

Novamind Inc. > Such high hopes
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Post by BadgerMe on Aug 05, 2021 11:47am

Such high hopes

Anyone she'd some light here? They have about 7million in annual revenue and clinics doubling from 4 to 8 with a huge increase in clinic visits. They have almost 10million cash on hand (maybe less now that they're opening new clinics). They've made investments of close to a million each in a few different companies. Very low float and about to be listed in US. Yet market cap is holding at $40million. I don't get it.
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