RE:3 MONTH "LOSS" VERSUS 9 MONTH "LOSS"
I'm not concerned about the loss because CHV has said they don't expect to be profitable until the end of 2018. Anyone who was expecting a profit hasn't been following their NR's. What is concerning is that MFT doesn't seem to be growing patients for the past few quarters based on their revenues. Sedar shows most of this loss is on Stock based comp/interest/$1mil on building improvements/ During the nine months ended January 31, 2018, the Company incurred a net loss and comprehensive loss of $7,625,675 (2017 $21,167,917). A significant contributor to this loss is $4,643,926 of non-cash expenses, which include amortization expense ($209,418), interest accretion ($860,980) and stock-based compensation ($3,573,528). As at January 31, 2018, the Company had current assets of $11,795,713 (April 30, 2017 - $2,156,302) and current liabilities of $2,511,219 (April 30, 2017 - $3,202,949) resulting in working capital of $9,284,494 (April 30, 2017 working capital deficit of $1,046,647).