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Avricore Health Inc V.AVCR

Alternate Symbol(s):  AVCRF

Avricore Health Inc. is a pharmacy service innovator focused on acquiring and developing early-stage technologies aimed at advancing pharmacy practice and patient care. The Company is involved in the business of health data and point-of-care technologies (POCT). HealthTab, its flagship offering, is a turnkey point-of-care testing solution that combines point-of-care technologies with a secure, cloud-based platform for tackling pressing global health issues. With just a few drops of blood from a finger prick, the system generates lab-accurate results on the spot and data is reported in real time. The test menu includes up to 23 key biomarkers for screening and managing chronic diseases, such as diabetes and heart disease (e.g., HbA1c, Lipid Profile, eGFR). The HealthTab also has capabilities for bacterial and viral tests, such as strep and COVID-19. The HealthTab platform transforms pharmacies into community point-of-care diagnostic centers.


TSXV:AVCR - Post by User

Bullboard Posts
Comment by kingposton Oct 08, 2015 2:36pm
218 Views
Post# 24176283

RE:RE:RE:RE:It doesn't matter

RE:RE:RE:RE:It doesn't matter
Iveybiz79 wrote: Anyone think we are going to see a PP or debenture shortly? If they lock down a national chain, even with the 3 million in the bank they are going to require much more money for the volume of product required. Anon has been working hard.....my guess is HT, who likes to buy with #59 and sell under anon when they are washing or someone holding it at the current range to get favorable terms. who knows maybe it's Donville Kent ;) Anyways back to being fully loaded and done with the flipping. We will be heading much higher but patience is needed. Cheers



Good questions/points.... we do not know, to my knowledge, what payment terms are with the manufacturers ... I have a feeling Vanc will have a few monthes from order to payment (could be less like 30 days but I guess better/longer).. Also since as Dart says inventory turns fast in the generics sector ...lets say 3 monthes... Although this is just my opinion, I do not think they will have to do a PP (even as they ramp fast) and traditional debt financing and revolver , (coupled with  quick turning inventory and generous payment terms)... Additionally, the company could collateralize its recieveables initially, with a factory company, at a reseanable cost since account receivable ratings will be low risk... Other additional creative finacing options also are available instead of needing to do a PP. IMO..
Bullboard Posts