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Most, But Not All, Psychedelics Companies Have Sufficient Liquidity

Benzinga Real-time News ·  Sep 6, 2022 11:26

The Chart represents the liquidity positions of the 21 Psychedelic sector companies in the Viridian Value Tracker database.

  • We estimated each company's Net Cash Flow Position by adding the most recent quarter's cash balance to the projected year ahead Free Cash Flow. Consensus analyst estimates of free cash flow were used if available; otherwise, the most recent quarter's free cash flow (cash from operations minus CAPEX) was annualized.

  • Only one company on the list, Mindset Pharma (OTC:MSSTF), has positive estimated free cash for 2023. The graph measures how well each company's cash balance covers its projected cash...

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