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Bullboard - Stock Discussion Forum VIVO Cannabis Inc. VVCIF

VIVO Cannabis Inc is a Canada-based company. It is involved in the production and sale of medical and recreational cannabis and the provision of cannabis-related medical information and services in Canada. The company's operating segment includes Cannabis, Patient Clinics, and Corporate. It generates maximum revenue from the Cannabis segment. The company has a presence across three geographical... see more

OTCQB:VVCIF - Post Discussion

VIVO Cannabis Inc. > Wondering how depleted the cash pile will be
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Post by Griz_Online on Mar 07, 2020 6:51pm

Wondering how depleted the cash pile will be

Come earnings time? any guesses?
Comment by Schaffhausen on Mar 07, 2020 7:34pm
Burn rate was about 5M per quarter. Increasing revenue is dropping that each quarter, and I estimate they will be profitable this year. Just given the cash as reported in 2019 Q3 (50MM ) they would be good until Mid 2022!
Comment by YUNGGUN2121 on Mar 08, 2020 8:11am
Hopefully less than a few mill. They got their sales and marketing expenses down in q3. Hopefully they kept it down and didnt drop too much money in europe advertising. And they said a big chuck of their g&a expenses in q3 were one time so hopefully we see a big decrease there too. But really I'm not expecting much great news untill 2020 q2 - q3
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