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Avicanna Inc T.AVCN

Alternate Symbol(s):  AVCNF

Avicanna Inc. is a Canada-based commercial-stage international biopharmaceutical company. The Company's scientific platform commercializes over thirty products across various market segments: Medical Cannabis formulary (RHO Phyto), Medical cannabis care platform (MyMedi.ca), Pharmaceutical pipeline, and Active pharmaceutical ingredients (Aureus Santa Marta). RHO Phyto formulary offers a diverse range of proprietary products, including oral, sublingual, topical, and transdermal deliveries with varying ratios of cannabinoids. MyMedi.ca is a medical cannabis care platform and features a diverse portfolio of products and bilingual pharmacist-led patient support programs. Aureus Santa Mart is a commercial-stage business providing a various forms CBD, THC and CBG to the Company's international partners for use in the development and production of food, cosmetics, medical, and pharmaceutical products.


TSX:AVCN - Post by User

Bullboard Posts
Comment by Russell1on May 05, 2020 3:34pm
87 Views
Post# 30989472

RE:RE:RE:RE:Apparent Shopper’s agreement

RE:RE:RE:RE:Apparent Shopper’s agreement Big plans for a company running on fumes who must be spending all their time raising money to cover their burn instead of actually running the company. When will they be profitable and not have to raise? I would completely agree with you if they were well capitalized. How many months of burn do they have before this last raise runs out? 2? How diluted will shareholders be if they can even raise that capital to get to profitability years down the road? I am also not sure how a "pharma" company can survive when during COVID-19 restrictions they can basically only export seeds? The cannabis sector crashed based on big plans where inexperienced people thought it was easy, that there was unlimited opportunity to execute those big plans and that they could raise the 100s of millions of dollars it took to build a real pharma company. How much capital does it take to build a real pharma company? Avicanna has amazing potential if they can figure out a way to pay for it. What is their monthly burn and how much do they have in the bank? You do the math 
Bullboard Posts