Replies to post #3165 on Avenir Wellness Solutions Inc (AVRW)

[Student of the Game]

Nancy could try to put lipstick on this pig; however this tells it all.....

As of September 30, 2023, the Company had $189 thousand of cash on hand, had an accumulated deficit of approximately $123.4 million and a working capital deficit of approximately $10.8 million. Our operating activities consume a portion of our cash resources. We anticipate that we will continue to incur operating losses and negative cash flows from operations as we execute our strategic and business development initiatives. The Company may need to complete additional equity or debt financings to fully execute its business plans and strategies.

[Dickmo]

Growing gross margin is always a positive for companies. It indicates an ability to raise prices and an improved product mix. Great news.

[Mikeyhoncho]

The market disagrees with your analysis.