For the 9 months ended September 30th, 2021 Total operating expenses 3,379,146
3,379,146CAD / 9 months = Monthy burn rate CAD 375,460.00 per month. This is a very low burn rate.
Theralase has backers who exercise warrents when the compnay needs money.
It's been that way for years. That's why they are well into a phase 2 study WITHOUT DEBT.
Quarterly Newsletter 2Q2021.pdf PG 2