Willow Biosciences Inc (CANSF)

[Aladdin80]

This company is really just awful. They burned $4M in the quarter bringing their total cash down from $10.5M to $6.5M. At the current burn rate they'll be broke within 2 operating quarters. Clearly revenue isn't getting them there as they dropped from $274K to $135K quarter to quarter. If they execute another cash raise they'll need massive dilution at 0.07-0.08 USD. They're consistently "progressing", but nothing that is material enough to move the needle in the right direction. Consider selling positions now or near-term before next round of rock bottom financing is needed. Given that firms don't borrow when they're broke that news could come in a matter of weeks.