Bullboard - Stock Discussion Forum Novamind Inc. NVMDF

Healthcare Biotechnology

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

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OTCQB:NVMDF - Post Discussion

Novamind Inc. > Lets Go NM

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Post by BadgerMe on Sep 15, 2021 8:38am

Lets Go NM

Down to 23m market cap. Keeps dropping their yearly revenue is going to be higher than their market cap. I'm sure they burned through quite a bit of the cash on hand to open the 4 new clinics, although man, these guys are just so undervalued. Must be something I'm not seeing. Anyone shed some light?

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Comment by JocetooBad on Sep 23, 2021 3:41pm

Just my 2 cents: I think you're right about the cash burn rate, which may be concerning some investors, yet the revenue is also going up at the same time. The other wild card, I find, is how much revenue will be harvested from the clinical trials, and is that profitable per se. I think when the spending for expansion and revenues (plus operating margin) start balancing out, the stock will ...more

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Novamind Inc.