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Pharmala Biotech Holdings Inc C.MDMA

Alternate Symbol(s):  MDXXF

PharmAla Biotech Holdings Inc. is a Canada-based biotechnology company. The Company is focused on the development, manufacture and sales of methylenedioxy methamphetamine (MDMA) and methylenedioxy phenethylamines (MDXX) class molecules in service to the burgeoning clinical research community and growing commercial use cases in select jurisdictions. The Company has three primary business lines: the manufacture of MDMA and MDXX class molecules for sale to clinical researchers in both the commercial and academic sphere, the research and development of novel MDXX class compounds which offer unique benefits above and beyond known substances, and the development of novel delivery mechanisms for MDMA and MDXX class compounds. Its research and development unit has completed proof-of-concept research into several IP families, including ALA-002, its lead drug candidate. It works with laboratories across Canada to develop novel processes for the supply of LaNeo MDMA and other MDXX substances.


CSE:MDMA - Post by User

Post by inviolablspiriton Nov 08, 2024 1:52pm
97 Views
Post# 36303658

Financials

FinancialsJust to caution people on financials, Pharmala's year end is in August so we will get the year end in December and that their Q1 3 month ends in November and those are released in January.   So I suspect any impact of these contracts may not be seen until Q2 financials which ends in February and are released at the end of April, as the actual clinical trials for some clients have not started and therefore sales may not be there yet from the recently announced contracts.  However, Pharmala has been supplying to Australia, Canada and the UK and so there should still be continued growth...   which is what we want to see for a positive move forward.  

Some people seem overly hyped on the financials on some of these other forums and don't seem to understand the company's financial release dates and when the sales of these contracts will begin to show up.  There will be a delay, but as more and more contracts are signed those financials will continue to grow each quarter.  

As early investors we are in the early stages of the company's financial growth and by looking ahead will probably continue to have some opportunities to add to positions before the company is actually noticed by the larger institutions and our American friends.  One would think names like John Hopkins, Harvard, Mt. Sinai, Texas and Yale would resonate with the American investor community at some point.  Pharmala has done some good PR work recently up in Canada, but need to get down into the US to promote the company.  
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