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I don't know the rate but think they said they've got enough cash for 12-24 months.

Also said cash flow break even soon excluding r+d

Lol back to b/e. I need to stop watching this for a few weeks.

Market caps still under £9 million

What's the group mate

I've searched for varm cosmo but couldn't find much. They did ask to be delisted after the deal went sour.

https://kalkinemedia.com/au/amp/news/mgcs-securities-suspended-from-quotation-company-seeks-0-5-million-plus-damages-from-varm-cosmo

Does MGC Pharma still own this?

https://uk.mgcderma.com/

Didn't realise MGC brand was so prominent

https://www.harveynichols.com/brand/mgc-derma/

Does MGC Pharma still own this?

https://uk.mgcderma.com/pages/the-mgc-derma-story

Didn't realise MGC brand was so prominent

https://www.harveynichols.com/brand/mgc-derma/

Received your delivery yet @newboy?

I'm in. Took a while to get a price

Pros - possible groundbreaking treatments, artemic for covid and other ailments, "cann" treatments, THC to Brazil, Malta facility, CBD supplements, deals for artemic, cash flow break even soon

Cons - based on successful trials, not profitable, burning though cash, past history of deals, lots of shares, distribution deals linked to companies with ties to directors.

Any others that I've missed feel free to add

I wouldn't trust their models lol

Nice to know this nonsense will continue. They reckon flus gonna come back with a bang (the old switcheroo)

At least Artemic is natural and proven from phase ii trials it helps with seasonal infections, plus various other ailments. If phase iii goes well, get ready for the rockets.

It's the same method to extract CBD resin from flowers as it is any other cannabis flower. Carbon dioxide.

"Hemp"is just cannabis sativa grown for different traits, traditionally fibres and seeds. "Hemp" grown for flowers is just ganja albeit with a low THC content. Some of the new strains of 0.3% THC definitely look and smell exactly like their high grade cousins.

Roby needs to up his Twitter game lol

Obviously a saturated marketplace and not the jackpot winner with this stock but keeps the cash ticking over.

What's this all about then?

https://mgc-online.com/products/10-cbd-oil

Only 16667 CBD bottles to sell for over 1 million euros in revenue.

That doesn't seem beyond the realms of possibility.

Possible future developments with Artemic mixed with cannabinoids.

https://www.nutraingredients-asia.com/Article/2020/12/16/COVID-19-MGC-Pharma-in-talks-with-SEA-countries-for-clinically-backed-supplement

'MGC Pharmaceuticals Limited, together with its subsidiaries, produces and supplies phytocannabinoid derived medicines in Australia and Slovenia. It provides pharmaceutical products, such as Tetrinol for the treatment of cachexia; MXOT01GB01 to treat glioblastoma; MXOT02ME01 for the treatment of melanoma cancer; MXOT03PC01 to treat prostate cancer; TopiCann for the topical treatment of eczema and inflamed skin; and InCann, a biactive capsule to treat Chron's and IBS. The company's products under development include CannEpil, which is in Phase IIb clinical trial for the treatment in children and adolescents with refectory epilepsy; CogniCann that is in Phase II clinical trial to treat dementia and Alzheimer's diseases; and ArtemiC, which is in Phase II clinical trial for the treatment COVID-19. It has strategic collaborative partnership agreements Epilepsy Action Australia, Royal Melbourne Institute of Technology, the University of Notre Dame in Western Australia, as well as the National Institute of Biology & University Medical Centre, Ljubljana Slovenia."

https://wallmine.com/asx/mxc/officer/2017943/brett-mitchell.amp

If you need the cash, then sure. I'm holding @4.20