Arcadia Resources Inc.’s share price dwindled to just 5 cents as of late Tuesday morning, following the company's announcement that it was delisting its stock and had suffered another quarterly loss.
Indianapolis-based Arcadia Resources Inc.’s auditor issued a “going-concern” warning Tuesday in the once-promising company’s annual report.
Arcadia Resources Inc. offers pharmacy services. In addition, the company provides home health care staffing and sells medical equipment by catalog. Its flagship pharmacy product is DailyMed, which packages dosages of prescription medicines into individual packets labeled with the time of day they are to be taken.
Despite losses, company sees growth in its DailyMed pharmacy services, which packages the right dosages of prescriptions to
make it easier for patients to follow their regimens.
Health care company Arcadia Resources Inc. saw growth in pharmacy business, offset by slower medical staffing sales.
Indianapolis-based Arcadia Resources Inc. has added former Indianapolis Mayor Steve Goldsmith to its board and plans to raise
$11.1 million in a registered direct stock offering.
The CEO of Indianapolis-based Arcadia Resources said the environment is perfect for his company’s fast-growing DailyMed