InMed Pharmaceuticals Inc (INM): Question on financial health. If I read...

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InMed Pharmaceuticals Inc (INM)

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Wednesday, 12/06/2017 1:57:31 PM

Wednesday, December 06, 2017 1:57:31 PM

Question on financial health. If I read correctly IMLFF's current burn rate is ~3.5 mil annually. Now I am not sure if that also takes into account the addtl investment made this year to gear up for biosynthesis production and the associated costs for consultancy. Someone once mentioned them having only about ~5 mil cash on hand. I'm trying to determine if those carefully tracking their activities believe a round of dilution is on the horizon before any real tangible revenues come in from the biosynthesis activities.

Thoughts?

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