InMed Pharmaceuticals Sees Q2 2022 Net Cash Balance $10.3M

We adjust our forecasts from those published in our Outlook report for the lower net cash balance ($5.0m) than in Q222 ($10.3m) and the slightly higher share count. Our risk-adjusted per basic share valuations are now $5.6 (base), $15.5 (bull) and $1.1 (bear), down slightly from our prior $6.0 (base), $16.0 (bull) and $1.5 (bear).