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Numinus Wellness Inc T.NUMI

Alternate Symbol(s):  NUMIF

Healthcare
Numinus Wellness Inc. is a mental health care company. The Company focuses on advancing traditional and behavioral health treatments with a focus on safe, evidence-based psychedelic-assisted therapies. Its segments include Clinical research operations, Practitioner Training, Clinic network, and Corporate. Clinical research operations segment is focused on licensed psychedelic research and provides clinical research management services to academic institutions and biotechnology companies. Practitioner Training segment is engaged in education and training for research and drug development organizations to support clinical trials and commercialization efforts. Clinic network segment includes wellness clinics, which is engaged in providing clinical services from psychedelic-assisted therapies, transcranial magnetic stimulation, and psychiatric and medical model management. Corporate segment includes finance, marketing, information technology, legal, and human resources.


TSX:NUMI - Post by User

Numinus Wellness Inc > Eight Capital comments on Numinus Wellness Inc.
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Comment by JocetooBadon Nov 30, 2022 10:25am
581 Views
Post# 35139575

RE:Eight Capital comments on Numinus Wellness Inc.

RE:Eight Capital comments on Numinus Wellness Inc.I find Eight Capital to be pretty optimistic that $33M in cash is enough to continue growth. I am concerned with how much cash they burn through General and Admin expenses. There's enough cash for 1.5 years ahead, but is this enough to reach profitability? It'll be tight. I'm keeping my investment in NUMI, but I can see why the stock price is not moving up.
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