Lifeist Wellness Inc V.LFST

Math question for Whiskey

[Canuck101]

Adjusted EBITDA for the third quarter ended August 31, 2020 was a loss of $5.4 million, compared to a loss of $5.7 million for the third quarter ended August 31, 2019. Net loss for the third quarter ended August 31, 2020 was $7.8 million compared to $14.7 million in the same period last year. The improvement in the net loss is primarily attributed to a decrease in restructuring and impairment charges offset with an increased foreign exchange loss.

During the nine months ended August 31, 2020, the Company’s cash and cash equivalents position declined by $24.2 million resulting in $13.6 million cash on hand at the end of the third quarter.
So if there's 13.6 million at the end of Aug and the burn was 7.8 million a quarter of its Nov 1 tomorrow .. how many much before we need to raise capital ? My math isn't great I thought I'd ask the expert . Thanks ,

[randomtask]

the Lying Lhama doesn't believe in math or general reason, unfortunately.  He prescribes to a simpler philosophy of hoping and praying he doesn't lose every dime his wife saved over the years.  

[whisky11]

[Canuck101]

13.8 -7.8 ( per quarter ) = 5 million left by the end of November. That clearly means out of money before end of quarter 1 . FYI if you looked at sense and looked through the statements, it's painful trust me and hard to stomach . But if you did you'd see cannmart " namaste primary growth engine "         On page 14 if you want to look yourself .. made

[Randumbtask]

u china

[randomtask]

This is only board i've seen where you get chastised for doing any research.  I'm sorry you're not educated enough to understand basic math and i'm sorry you bought this stock on a hunch from another novice investor.  I'm not sorry for doing my own DD and i'm not sorry for sharing that with board members who are open to unbiased rationale.  Remember, i'm

[randomtask]

Your copy and paste game is softer than your handshake, Lhama.  Building inventory is only a good thing if you can sell it. Revenues were down during a quarter in which record sales were happening.  FAF was up 30% QoQ, which tells me that the gap is growing in favour of Bricks and Mortar, which already account for over 2/3's of all sales. Bottom line, Lhama, you're never