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Posted On: 05/10/2019 5:11:13 PM
Post# of 872
$LWLG from the 10-Q just released, looks like cash through end of August 2019, monthly burn rate now $535k
We expect that our cash used in operations will continue to increase during 2019 and beyond as a result of the following planned activities:
The addition of management, sales, marketing, technical and other staff to our workforce;
Increased spending for the expansion of our research and development efforts, including purchases of additional laboratory and production equipment;
Increased spending in marketing as our products are introduced into the marketplace;
Developing and maintaining collaborative relationships with strategic partners;
Developing and improving our manufacturing processes and quality controls; and
Increases in our general and administrative activities related to our operations as a reporting public company and related corporate compliance requirements.
https://www.sec.gov/Archives/edgar/data/13259...lg_10q.htm
- proto
We expect that our cash used in operations will continue to increase during 2019 and beyond as a result of the following planned activities:
The addition of management, sales, marketing, technical and other staff to our workforce;
Increased spending for the expansion of our research and development efforts, including purchases of additional laboratory and production equipment;
Increased spending in marketing as our products are introduced into the marketplace;
Developing and maintaining collaborative relationships with strategic partners;
Developing and improving our manufacturing processes and quality controls; and
Increases in our general and administrative activities related to our operations as a reporting public company and related corporate compliance requirements.
https://www.sec.gov/Archives/edgar/data/13259...lg_10q.htm
- proto
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$MJ
