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Field Trip Health to close five psychedelic wellness clinics in cost-cutting bid

The company wrote that it “expects to incur further losses in the development of its business, all of which creates a material uncertainty that may cast significant doubt about the company’s ability to continue as a going concern.”

As stated in its regulatory filing accompanying its latest quarterly results, Field Trip said that it “(had) not yet achieved profitable operations” as well as a deficit of $48.7 million since its inception and $17.87 million worth of negative operating cash flows for the nine months leading up to the end of 2022.

Original Article (Proactive Investors):
Field Trip Health to close five psychedelic wellness clinics in cost-cutting bid
Artwork Fair Use: Ivan Bandura

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