Very good interview and biggest catalyst he sees moving forward is the HC approval as he will only need to sell to “one” customer ...I think this means there’s a deal waiting to be put in place for ALOT of kits to Canada we need this approval!!
Few notes from the CEO’s interview and other news: Innovita: Distribution Rights for COVID-19 Test Kits in the United States, Mexico, Germany, Switzerland, Austria and Canada(pending HC approval). Innovita has already sold 14M of these kits. Blr must be the first public company to have any sales(small order of 1000 units for now) Telemedicine platform & pharmacy delivery launched earlier this month in Alberta and later in other provinces. 51% equity interest in NuWave, a privately-held fully-licensed commercial kitchen and baked goods manufacturer located in Edmonton, Alberta.
$1M in treasury with no need to raise money for now. Per CEO, warrants can bring in another $2.5M if exercised. 30M shares in gaia, worth $1M today.
Would recommend everyone to signup and watch, quite informative- Expecting to launch talktodoc throughout the country by end of month. Big initiative can make a ton of money there. Just a little summary here:
Innovita has so far sold 14 million kits across the world. Factory is able to product 200K/week, and these guys can bring in a million per week with a week lead time. largest distributed test kit in china as well as in australia. "If australia had it approved + the data, its going to be pretty difficult for HC to ignore" "Currently not looking to raise capital....company currently hold a million dollar in treasury and currently some warrants when they get executed will put in another 2.5 million in the,
with sales starting we are in a very good financial situation" Fred Pels speaks at 3:29:05
https://event.on24.com/eventRegistration/console/EventConsoleApollo.jsp?&eventid=2291588&sessionid=1&username=&partnerref=&format=fhvideo1&mobile=&flashsupportedmobiledevice=&helpcenter=&key=3050833FA5386424CBE8E12C6569ACF5&newConsole=true&nxChe=true&text_language_id=en&playerwidth=748&playerheight=526&eventuserid=294914967&contenttype=A&mediametricsessionid=248817020&mediametricid=3237632&usercd=294914967&mode=launch