CA$48.2m market cap
CA$0.28 last close
InMed is a biopharmaceutical company focused on manufacturing and developing cannabinoids. Its main pipeline product is INM-755 for epidermolysis bullosa, a serious, debilitating orphan indication.
Investment summary
InMed is a Canada-based biopharmaceutical company focused on maximizing the therapeutic potential of cannabinoids. Through its biosynthesis platform, the company believes it has distinct advantages over both naturally sourced and chemically synthesized cannabinoids, which could give it access to both the medical and retail markets, although the process is still in development. The company is also developing a proprietary pipeline, including INM-755 for epidermolysis bullosa (EB), a serious orphan indication, and expects to begin human clinical trials by the end of the year.
Y/E Jun |
Revenue (C$m) |
EBITDA (C$m) |
PBT (C$m) |
EPS (c) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2017A | 0.0 | (3.3) | (3.2) | (3.27) | N/A | N/A |
| 2018A | 0.0 | (5.5) | (5.3) | (3.74) | N/A | N/A |
| 2019E | 0.0 | (9.0) | (8.4) | (4.92) | N/A | N/A |
| 2020E | 0.0 | (14.0) | (13.9) | (7.79) | N/A | N/A |
| Last updated on 19/09/2019 | ||||||
Industry outlook
The market for cannabinoids, whether FDA-approved, medical or recreational is growing at a fantastic rate. Legal cannabis sales in the US alone were around $7.5 billion in 2017 and we expect it to grow to $28 billion by 2023.
Last updated on 19/09/2019
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Share price graph
Balance sheet |
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| Forecast net cash (C$m) | 17.6 |
| Forecast gearing ratio (%) | N/A |
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Key management |
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| Bruce Colwill | CFO |
| Jeff Charpentier | CFO |
| Eric Adams | President & CEO |
