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Core One Labs Inc C.COOL

Alternate Symbol(s):  CLABF

Core One Labs Inc. is a Canada-based life sciences biotechnology research and development company. The Company is focused on bringing psychedelic medicines to market through the development and production of psychedelic compounds, the advancement of psychedelic assisted treatments, and the integration of delivery systems technology. Its subsidiary, Vocan Biotechnologies Inc., has developed and filed for patent protection of a proprietary psilocybin production system using engineered bacteria. It is also the holder of four provisional patents for the development of psychedelic-based pharmaceutical formulations targeting neurological and mental health disorders, under its subsidiary Akome Biotech Ltd., and three provisional patents under its other subsidiary, Awakened Biosciences Inc., for additional synthetic technologies for psilocybin and psilocin production methods. It also holds an interest in four medical clinics, which maintain a combined database of more than 275,000 patients.


CSE:COOL - Post by User

Bullboard Posts
Comment by Benedictuson Aug 18, 2018 3:36pm
159 Views
Post# 28482549

RE:RE:RE:RE:RE:RE:RE:Pumpers getting desperate

RE:RE:RE:RE:RE:RE:RE:Pumpers getting desperate Leafs, I appreciate you summarizing the situation around potentially another expected revenue shortfall and the burn rate. Carrying on with your math...assuming they are currently burning $1 - 1.5M a month and assuming around $7M total cash in May (after extraction equip purchs) that would  give them up until Oct at the earliest before the kitty would be empty if no revenue transpires, so yes, we are quickly approaching the window for a needed pp if there are no revs for July or August... A rather disheartening prospect although one that was discussed on the board briefly last month. No funds incoming and ramping production for it to sit not on store shelves but at the warehouse is not a winning formula!  Hoping for better days for all the longs. I've only been long this stock a few months and already feel pretty worn out. One conclusion that has arisen amongst my frustration is that Brad should be replaced. You simply cannot make assertions and smiling guarantees time and again and continue to hide behind exogenous forces as your excuse for not delivering. He has no credibility. 








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