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Bullboard - Stock Discussion Forum Numinus Wellness Inc T.NUMI

Alternate Symbol(s):  NUMIF

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... see more

TSX:NUMI - Post Discussion

Numinus Wellness Inc > Burning 7 mil per quarter
View:
Post by ValueCap on Jul 17, 2023 6:02pm

Burning 7 mil per quarter

With just under 13 mil in cash.

On the call, they state they're basically just trying to stay alive until mdma is approved in a year.

they think they can reduce their burn 1 million a month and survive until then.

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