Replies to post #1568 on Avenir Wellness Solutions Inc (AVRW)

[PURA VIDA]

Something else quite important for investors:
From the latest 10Q

LIQUIDITY AND CAPITAL RESOURCES
We had net cash used by operating activities for the period ended September 30, 2022 of $8.5 million and the cash balance was $4.4 million as of September 30, 2022 and stockholders’ deficit of $0.2 million. We believe our current cash balances coupled with anticipated cash flow from operating activities will not be not sufficient to meet our working capital requirements for at least the next twelve months. We cannot give assurance that we can increase our cash balances or limit our cash consumption and thus maintain sufficient cash balances for our planned operations or future acquisitions. Future business demands may lead to cash utilization at levels greater than recently experienced. We may need to raise additional capital in the future. However, we cannot assure that we will be able to raise additional capital on acceptable terms, or at all. To date, we have funded our operations through cash generated from our product sales, issuance of common stock and promissory notes.
As of September 30, 2022 and December 31, 2021
Working Capital Deficit (in thousands)
September 30, 2022 December 31, 2021
Current assets

$ 8,251 $ 1,781

Current liabilities 
(15,056 ) (24,261 )

Working capital (deficiency)
$ (6,805 ) $ (22,480 )