Avicanna Inc T.AVCN

Alternate Symbol(s): AVCNF

Healthcare Cannabis

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.

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Avicanna Inc

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Comment by TomasGon May 07, 2020 10:11am

72 Views

Post# 30997350

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

Ouch

Russell1 wrote:
https://www.newswire.ca/news-releases/avicanna-reports-fourth-quarter-2019-financial-results-and-provides-corporate-update-810850392.html

Your "low burn" is $2.75 million a month according to their last financials, their cash in hand was $450k. Once again, you and everyone else here can do the math. It's pretty simple.

Their last raise was $2.56 million, so that buys them a month. Great. It's not really worth having a discussion with someone who prefers to talk big dreams instead of hard facts.

How much of that $2.5 million went to paying for you to promote? I am sure the execs are getting paid well too through all of this. Someone should check if they have given themselves any raises or bonuses while they watched their stock plummet for $8 to $.067