dumbof
12 months ago
Perk Labs Inc. Announces Appointment of Keith Roseland-Barnes to the Board of Directors and Issuance of U.S. Patent
VANCOUVER, BC / ACCESSWIRE / December 13, 2023 / Perk Labs Inc. (CSE:PERK)(OTC PINK:PKLBF)(FKT:PKLB) ("Perk" or the "Company"), today announced the appointment of Keith Roseland-Barnes to the Perk Board of Directors.
"We are pleased to welcome Keith Roseland-Barnes to the Perk Board", said Ryan Hardy, CEO of Perk Labs. "Keith brings a wealth of experience in technology leadership and software sales, with an outstanding record of consistently exceeding revenue targets in his more than 20 years of experience in technology sales and leadership."
Mr. Roseland-Barnes is the Chief Revenue Officer of Unravel Data, a market-leading data analytics and AI observability platform company, which helps teams turn complex data into actionable insights. "I am excited to be joining Perk's Board. Perk offers a very innovative and compelling mobile ordering and payment solution which allows venues and retailers to significantly enhance their customers' experience." said Mr. Roseland-Barnes. "I look forward to leveraging my experience to contribute to Perk's continued success and growth".
Issuance of U.S. Patent
The Company is also pleased to announce the issuance of its United States patent that protects the Company's rights to one of its inventions for systems and methods for electronic payments with fraud prevention, based on correlating transaction data and information from a user's device.
"We are pleased to enhance our intellectual property protection with this new patent issuance," said Ryan Hardy, CEO, Perk Labs. "The grant of this patent symbolizes the underlying capabilities of Perk as an innovative technology disruptor."
About Perk Labs Inc.
Perk Labs Inc., (CSE:PERK)(OTC PINK:PKLBF)(FKT:PKLB), the owner of Getit Technologies Inc. and Perk Hero Software Inc. ("Perk Labs"), provides innovative mobile ordering and payment systems, allowing customers the ability to scan a QR code or NFC sticker to order and pay for their purchases directly from their phone. Perk Labs specializes in providing a single unified payment interface for complex purchase environments - environments that have multiple retailers processing an array of different transactions, including food and beverage purchases, merchandise sales, ticketing, registrations, donations and even parking. Perk Labs provides a custom-branded solution that is ideal for multi-retailer venues such as stadiums and arenas, university and college campuses, conference centers, festivals, charity events and hotels and resorts.
For more information, contact:
Ryan Hardy
CEO
(833) 338-0299
dumbof
1 year ago
CSE: EPW | OTC: EPWCF |
EMPOWER CLINICS SIGNS MULTI-YEAR CLINICAL TRIAL CONTRACT WITH TOP 10 GLOBAL PHARMACEUTICAL COMPANY AND GENERATES FIRST REVENUES AS PATIENT RECRUITMENT COMMENCES
Multi-Year Contract With Top 10 Global Pharma Company Officially Launches Empower Clinics Pivot Into Global Pharmaceutical Clinical Trials. Multiple Active Trial Applications Anticipated Leading To Additional Big Pharma Due Diligence, Site Visits And Awards.
VANCOUVER, B.C. – November 30, 2023 – Empower Clinics Inc. (CSE: EPW OTC PINK: EPWCF) ("Empower" or the "Company") a prominent integrated healthcare company with a burgeoning focus on research and clinical trials for major pharmaceutical firms, is proud to announce a pivotal advancement. EPW Curesearch LLC (“EPWC”), a division of Empower, has executed a multi-year agreement with a top 10 global pharmaceutical company (“T10GPC”). This collaboration will concentrate on conducting critical clinical trials in the field of Chronic Obstructive Pulmonary Disease (“COPD Trials”) and has already resulted in generating initial revenues for the following key contract terms:
Up Front Administration Fees
Start Up Costs
Processing And General Administrative Fees,
Site Set Up Costs
Operational Training Fees For Site Staff
Pre-Screening & Recruitment Fees
Pharmacy Set Up Fee
These fees signify the commencement of the clinical and commercial relationship between Empower and the T10GPC.
LANDMARK CONTRACT MARKS EMPOWER CLINICS ENTRY INTO GLOBAL PHARMACEUTICAL RESEARCH AND DEVELOPMENT
Steven McAuley, Chairman & CEO of Empower Clinics Inc. stated "This contract with one of the world’s leading pharmaceutical companies is a major milestone that marks Empower’s successful pivot from regional clinics to clinical trials on a global scale on behalf of all our shareholders. Suffice it to say this was a task of epic proportions that would not have been possible without our incredible team at EPW Curesearch - but now that we have arrived and have become a known entity in this massive global clinical trials market, we anticipate further such successes in the near future on our way to building a trusted and significant site management organisation.”
This landmark contract positions Empower Clinics at the forefront of respiratory health research, marking a pivotal moment in the company's expansion into pharmaceutical research and development. The agreement entails comprehensive clinical trials aimed at investigating new treatments for COPD, a progressive lung disease affecting millions worldwide and significantly impacting their quality of life.
CLINICAL TRIAL PATIENT ENROLLMENT METRICS AND ECONOMICS
The contract involves Phase III human trials, which will be meticulously conducted under the guidance of leading medical experts and researchers. Empower Clinics' state-of-the-art facilities and experienced team are well-equipped to undertake this significant research, ensuring the highest standards of scientific inquiry and patient safety.
This COPD trial is being led by one of our senior and most experienced principal investigators (PI)’s. Together, the Company, our PI and the T10GPC have established preliminary patient recruitment targets of 20-35 patients sourced mainly from the current roster of patients. The recruitment window is anticipated to remain open through mid 2024 with possible extensions allowed, and each patient’s involvement lasting fifty-two (52) weeks plus an additional twenty (20) weeks of follow up.
The T10GPC has put no limits on the maximum allowable patients for our site for the trial, which enables EPWC to recruit additional patients from outside sources such as other medical centers, hospitals and social recruitment channels including Facebook, Instagram, Twitter and other marketing methods.
Total fees under this COPD Trial agreement are expected to be on the upper end of initial expectations. Overall, the contract terms will allow the Company to bring important new revenue and cash flow.
Empower Clinics' advances into COPD research through this contract is expected to have a substantial impact on the company's growth and presence in the global healthcare market. It also reinforces the company's position as a leader in healthcare innovation and clinical research, further cementing its reputation as a company dedicated to improving patient care and outcomes.
EMPOWER CLINICS COMMITMENT TO CRITICAL HEALTHCARE AND IMPROVING PATIENT OUTCOMES
The collaboration with a top-tier global pharmaceutical entity underscores Empower Clinics' commitment to advancing medical research and providing cutting-edge healthcare solutions. The COPD study is expected to provide valuable insights into the treatment and management of the disease, potentially leading to breakthroughs in patient care.
Empower Clinics Inc., through its division EPW Curesearch LLC, has been consistently making strides in healthcare innovation. This new venture into COPD research highlights the company's dedication to addressing critical healthcare challenges and improving patient outcomes. COPD, characterized by increasing breathlessness, is a leading cause of morbidity and mortality worldwide, and the need for effective treatments has never been more urgent.
Steven McAuley added "Partnering with one of the world’s leading pharmaceutical companies for COPD research is not just an achievement for Empower Clinics but a beacon of hope for the millions of COPD patients globally whose lives could be dramatically improved through our research. We are fully committed to this cause, and our team is motivated by the potential to make a real difference in the world of respiratory healthcare”
As the clinical trials progress, Empower Clinics Inc. remains devoted to maintaining transparency and providing regular updates to stakeholders and the public. The company is confident that the outcomes of this research will contribute significantly to the body of knowledge in COPD treatment and set new benchmarks in respiratory healthcare.
Empower Clinics Inc. extends its gratitude to its partners, stakeholders, and dedicated team for their unwavering support and contributions towards making this project a reality. The company looks forward to a future where the findings from these clinical trials can be translated into effective treatments for COPD, improving the lives of patients around the globe.
For more information about Empower Clinics Inc., its divisions, and ongoing projects, please visit www.empowerclinics.com.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for
shareholder discussion, questions and engagement with management
https://agoracom.com/ir/EmpowerClinics
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ABOUT EMPOWER:
Empower is a patient-focused healthcare company operating with the goal of positively impacting lives and future healthcare outcomes through clinical trials. The Company has launched two clinical research sites becoming a Site Management Organization (SMO) with six principal investigators (PI) with multiple clinical trials under application. Empower has announced its intention to create a proposed spinout with a focus on healthcare AI to support identification, recruitment, and onboarding of clinical trial patients.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Media:
Steven McAuley CEO s.mcauley@empowerclinics.com
+1 604-789-2146
Investors:
Tamara Mason
Business Development & Communications t.mason@empowerclinics.com
+1 416-671-5617
dumbof
1 year ago
VANCOUVER, B.C., CANADA, September 25, 2023 /EINPresswire.com/ -- EMPOWER CLINICS INC (CSE:EPW) (PINK:EPWCF) ("Empower" or the "Company") a healthcare company with a developing research and clinical trials division announces its subsidiary EPW Curesearch LLC (“EPWC”) has been awarded its first clinical trial from a major European pharmaceutical company with a market cap over $100 Billion, who are conducting numerous global clinical trials that are impacting future healthcare outcomes.
The Company previously announced on July 31, 2023 that it had numerous study applications underway covering a variety of disease states. The Company can confirm the awarded clinical trial is focused on Chronic Obstructive Pulmonary Disease (COPD), and is being led by one of our senior and most experienced principal investigators (PI)’s.
Together, the Company, our PI and the sponsor have established preliminary patient recruitment targets of 20-35 patients sourced mainly from the current roster of patients. The recruitment window is anticipated to remain open through mid 2024 with possible extensions allowed, and each patient’s involvement lasting fifty-two (52) weeks plus an additional twenty (20) weeks of follow up. The sponsor has put no limits on the maximum allowable patients per site for the trial that enables EPWC to recruit additional patients from outside sources such as other medical centers, hospitals and social recruitment channels including Facebook, Instagram, Twitter and other marketing methods.
“We are all ecstatic to receive our first awarded clinical trial, that is a result of consistent and persistent effort over the past number of months. Our focus on partnering with large established medical centers and very experienced medical doctors has proven successful.” stated Steven McAuley, Chairman & CEO. “We continue to process multiple trial applications on behalf of our six (6) current PI’s, and as such anticipate additional sponsor due diligence, site visits and awards.”
PARTNERSHIP WITH SPECIALIST MEDICAL GROUPS
PI’s are practicing medical doctors who are specialists or internists with previous research and clinical trials experience. As such, they are integral to the success of any Site Management Organization (SMO) as follows:
? SMO leverages the medical practice of the PI’s and their patient rosters to generate new participants in active clinical trials and research, which in turn commences meaningful revenues from the Biotech and Pharmaceutical industries.
? SMO will provide oversight, direction and support to the PI’s and their patients.
? SMO will also act as a liaison between the pharmaceutical company and the assigned Contract Research Organization (CRO).
? Target trials typically span one to two years in length and can be extended if the trial has not yet gathered enough data or has not been closed.
CEASE TRADE ORDER AND ACCOUNTING AND AUDIT STATUS
The Company previously announced a Cease Trade Order effective August 15th, 2023 which remains in effect. Various audit and accounting procedures continue, and numerous technical decisions are being contemplated that may provide areas of audit simplification based on outcomes and Board recommendations. The Company is not in a position at this time to provide a firm commitment on expected completion of filings and resumption of trading. The Company anticipates it will provide regular updates in the future.
THE MARKET OPPORTUNITY IS SIGNIFICANT
The CRO Services Market in terms of revenue was estimated to be worth $76.6 billion in 2023 and is poised to reach $127.3 billion by 2028, growing at a CAGR of 10.7% from 2023 to 2028 according to a new report by MarketsandMarkets. Factors such as continuously growing pharmaceutical, biotechnology and medical device R&D pipelines and technological advancements in the clinical trials process are driving the growth of this market. In recent years, the costs associated with drug and product development have increased significantly, driving pharma, biotech and medical device companies to look for partnerships to drive modernizations and smarter ways of conducting business.
This press release is available on the Empower Clinics Verified Forum on
dumbof
2 years ago
https://pro.ceo.ca/@accesswire/empower-clinics-reports-q4-2022-results
by @accesswire on 28 Feb 2023, 23:00
Empower Clinics Reports Q4 2022 Results
46% year over year increase in gross profit margin and 7% Increase in Revenue
VANCOUVER, BC / ACCESSWIRE / February 28, 2023 / EMPOWER CLINICS INC (CSE:CBDT)(Frankfurt:8EC)(OTCQB:EPWCF) ("Empower" or the "Company") a life sciences healthcare company - serving patients through medical centers, a medical device company and the application of clinical studies that leverages it's high complexity medical diagnostics laboratory - announced today it has filed its Q4 2022 interim consolidated financial statements and related management's discussion & analysis, both of which are available at www.SEDAR.com. All financial information in this press release is reported in United States dollars, unless otherwise indicated. On December 23, 2022, the Company announced it has changed its fiscal year end from December 31 to March 31.
"I am proud of our team and their efforts to maintain growth initiatives, all while managing costs going into 2023." said Steven McAuley, Chairman & CEO. "Going forward, we continue to develop our U.S. healthcare initiatives focusing on offering clinical trial services, with the stated objective of becoming an established Site Management Organization (SMO) for the pharmaceutical, biotechnology and medical device industries."
Q4 2022 Highlights
Total revenues from continuing operations of $426,786 for Q4 2022 compared to revenues of $1,142,581 for Q4 2021, representing a 63% decrease year over year. The decrease in revenue was mainly attributed to the decrease in COVID-19 testing services.
Gross margin from continuing operations was 16% for Q4 2022, compared to a negative gross margin of 25% in Q4 2021. The increase in gross margin resulted from savings in personnel costs.
Net loss from continuing operations was $2,370,651 or $0.01 per share compared to a net loss from continuing operations of $4,684,114 or $0.01 per share for Q4 2021.
Cash as at December 31, 2022 was $193,144, compared to cash of $866,170 at December 31, 2021.
Cash used in operating activities from continuing operations was $447,013 for Q4 2022, compared to $778,897 for Q4 2021.
Financial Summary
$, except where noted
Three months ended
December 31,
Twelve months ended
December 31,
2022 2021 2022 2021
Total revenues
426,786 1,142,581 4,661,525 4,368,916
Direct clinic expenses
(359,668 ) (1,428,074 ) (2,693,502 ) (3,020,412 )
Loss from operations
(1,194,869 ) (2,361,586 ) (4,954,313 ) (5,441,952 )
Net loss from continuing operations
(2,370,651 ) (4,684,114 ) (2,960,787 ) (31,736,245 )
Adjusted EBITDA loss
(2,737,185 ) (2,250,620 ) (5,761,969 ) (3,848,456 )
Net loss per share, continuing operations, basic and diluted
(0.01 ) (0.01 ) (0.01 ) (0.10 )
Financial Performance
As part of total revenues, revenues from the Health & Wellness segment for Q4 2022 were $151,659 compared to Q4 2021 revenues of $256,254. This decrease over the prior year period is attributable to lower revenues from Medi-Collective's clinics.
Diagnostics & Technology revenue includes the sale of MediSure products and laboratory testing services conducted by MediSure Laboratory and Empower Clinics. Diagnostics & Technology revenue for Q4 2022 were $275,127 compared to $886,327 in Q4 2021. The decrease in revenue was due to reduced Covid-19 testing in the United States as well as other laboratory services in the current year period. Of the total revenue in Q4 2022, 98% was attributable to the sale of medical equipment in MediSure.
Direct expenses excluding depreciation and amortization for Q4 2022 were $359,668 compared to Q4 2021 direct clinic expenses of $1,428,074. The decrease in direct expenses was due to the decrease in operating activities, primarily personnel costs, associated with providing Covid-19 testing services.
Loss from operations for Q4 2022 was $1,194,869 compared to Q4 2021 of $2,361,586. This decrease in loss over the prior year comparable quarter is primarily due to reduced advertising and promotion activities and legal and professional fees.
Net loss from continuing operations for Q4 2022 was $2,370,651 compared to Q4 2021 of $4,684,114. In Q4 2021, the Company recognized aggregate impairment charges of $5,222,249, while no impairment was recorded in Q4 2022. This difference was offset by a loss on debt settlement of $1,873,901 in the current year period and a lower gain on change in fair value of warrant liability and conversion features associated with convertible debentures in Q4 2022.
Adjusted EBITDA is a non-GAAP financial measure that is calculated as net loss from continuing operations before depreciation and amortization, interest, accretion, share-based compensation, changes in the fair value of derivative liabilities and extraordinary items such as impairment. Adjusted EBITDA loss in Q4 2022 was $863,284compared to $2,250,620 in Q4 2021. Adjusted EBITDA is a metric used by management to monitor the Company's revenues compared to its cash operating costs in an effort to trend toward improved profitability.
During Q4 2022, the Company used $447,013 of cash in operating activities of continuing operations. The Company invested cash of $754 for the purchase of furniture and equipment and had $186,396 of cash provided by financing activities from the issuance of units and convertible debentures offset by lease payments and consideration payable.
Please refer to Empower's condensed interim consolidated financial statements, related notes and accompanying management's discussion & analysis for a full review of the Company's operations.
About Empower
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Investors
Tamara Mason
Steven McAuley
Business Development & Communications
CEO
1-855-855-9058
1-855-855-9058
t.mason@empowerclinics.com
s.mcauley@empowerclinics.com
dumbof
2 years ago
https://pro.ceo.ca/@accesswire/empower-clinics-unveils-medisure-brand-in-the-united
by @accesswire on 20 Jun 2022, 10:45
Empower Clinics Unveils Medisure Brand In the United States
Empower rebrands medical divison in the U.S. and accelerates access to the largest hospitals, medical centers and cruiseship opportunites
VANCOUVER, BC / ACCESSWIRE / June 20, 2022 / EMPOWER CLINICS INC (CSE:CBDT)(Frankfurt:8EC)(OTCQB:EPWCF) ("Empower" or the "Company") an integrated healthcare company offering services in the U.S. and Canada - announced a corporate rebrand of its medical diagnostics laboratory business in the U.S. to Medisure Laboratory, and opens opportunities to the largest healthcare centers in the state of Texas, and leverages its cruiseship connections to the largest ports in the U.S.
The new brand marks an important milestone in the evolution of Empower's presence in the U.S. healthcare market. It represents a fresh and forward-looking approach to the healthcare community, leveraging the Medisure brand as a leading medical device and testing company, to access and support the largest hospital networks with laboratory services in the state of Texas, the cruiseship industry, and film & television productions.
With the company's experience and reputation, and deep connections to major cruiseline's, Empower and its accredited laboratory in Texas, have expanded its service offering to key ports in the southern U.S. As a COLA and CLIA accredited laboratory, the company can provide testing and healthcare services to key industries such as film & television, that require testing and healthcare management solutions.
"The Medisure brand is strong, and embodies the energy and growth that we have for our business in the U.S. market." stated Steven McAuley, Chairmain and CEO, "Launching Medisure Labs in the U.S. and utilizing our investments just makes sense, it opens new doors, allows us to bring products to market and grow more rapidly. With Medisure Labs, we have a proven brand serving many thousands of patients, that is primed to succeed in the world's largest healthcare market."
Immediate plans for Medisure include researching, applying for and securing additional U.S. Federal Drug and Administration (FDA) certifications to allow for the sale of its medical devices in the U.S. Medisure is also upgrading its quality managements systems to expedite the certification process. The company has advanced its offers to the cruiseship industry and to film & television productions.
The new website for Medisure Laboratory is www.medisurelabs.com
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, a medical device company and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Media:
Steven McAuley CEO
s.mcauley@empowerclinics.com
604-227-0865
Investors:
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
604-359-9107
dumbof
3 years ago
https://ceo.ca/@accesswire/empower-clinics-exceeds-3000-tests-and-750-appointments
by @accesswire on 1 Jun 2022, 09:10
Empower Clinics Exceeds 3000 Tests and 750 Appointments for its Testing Solutions in Vancouver in First Month of Operations
Expectations exceeded in first full month of operations while still early in cruise travel season
VANCOUVER, BC / ACCESSWIRE / June 1, 2022 / EMPOWER CLINICS INC (CSE:CBDT)(Frankfurt:8EC)(OTCQB:EPWCF) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers and testing clinics, telemedicine platforms, a medical device company, and a high complexity medical diagnostics laboratory - announced today its COVID-19 testing solutions offered in and around Vancouver's Port of Vancouver and Canada Place has exceeded 3000 tests and confimed more than 750 pending appointments going forward in just its first full month of operation.
All of Empower's COVID-19 testing solutions are fully accredited by the College of Physicians and Surgeons of British Columbia's Diagnostic Accreditation Program (DAP). All COVID-19 testing in British Columbia requires accreditation by the College's Diagnostic Accreditation Program (DAP). Empower's fully accredited COVID-19 testing solutions includes three certified sites at the Port of Vancouver, Canada Place and Fairmont Waterfront Hotel as well as a recently accredited concierge mobile service.
"Serving well over 3000 clients is an important milestone for our accredited testing solutions in Vancouver providing significant new cash flow for the company and supporting our investment thesis for this project," stated Steven McAuley, Chairman and CEO of Empower Clinics. "It reasserts the importance and investment that we've made to be a fully accredited operation as per local B.C. regulation. It also allows our entire team, clients and shareholders to find confidence in the stability, quality and potential reach of our services while we are still early in the cruise season and peak tourist season for Vancouver - with countless conferences, tour groups and events -just ahead of us."
For more than 35 years, Vancouver has been a leading homeport for cruises to Alaska and is the only homeport to offer both one-way and roundtrip itineraries through Canada's scenic Inside Passage to Alaska. Prior to the pandemic, forecasts indicated record growth in demand for cruises to Alaska, and demand is expected to remain strong in the future. The Vancouver cruise industry is a key contributor to the local economy, helping generate $3.17 million (CAD) in direct economic activity for each ship that calls at Canada Place and $2.2 billion (CAD) of total economic impact.
Royal Carribean - the world's second largest cruise operator - refers its clients to Empower Clinics COVID-19 testing solutions on the Frequenty Asked Questions section of their website. https://www.royalcaribbean.com/faq/questions/what-if-i-dont-find-a-pre-cruise-test-or-get-test-results-in-time.
With severals ships carrying more than 4000 people, the Vancouver Fraser Port Authority expects more than 300 cruise ship calls for the 2022 season - nearly an 8% increase from 288 calls in pre-pandemic 2019.
Passengers can visit https://www.empowerclinics.com/covid-19-testing/ to book COVID-19 testing solutions that include virtual (telehealth) or in-person Rapid Antigen / Rapid PCR (RT-Lamp) testing at a site at Fairmont Waterfront Hotel - adjacent to the port terminal at Canada Place. Pricing of solutions range from $100 CAD to $250 CAD per test.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, a medical device company and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Media:
Steven McAuley CEO
s.mcauley@empowerclinics.com
604-227-0865
Investors:
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
604-359-9107
dumbof
3 years ago
by @accesswire on 27 Sep 2021, 14:30
Empower Clinics and SoLVBL Solutions Sign Memorandum of Understanding (MoU) to Develop a Program for Data Security in Diagnostic Testing
Enhanced Data Verification Will Augment Empower's Integrated Technology Services and Goals
VANCOUVER BC / ACCESSWIRE / September 27, 2021 / EMPOWER CLINICS INC. (CSE:CBDT)(FRA:8EC)(OTCQB:EPWCF) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens - is pleased to announce it has signed a Memorandum of Understanding with SoLVBL Solutions Inc. ("SoLVBL Solutions") to develop a cyber security program to detect cyber-attacks and provide data security to the diagnostic testing programs used by Empower.
SoLVBL Solutions is at the forefront of developing cybersecurity solutions and advanced unique capabilities for providing customers with capabilities to protect and verify incoming data against a range of cyber threats. The novel solution powered by SOLV's underlying technology, will incorporate dedicated data security mechanisms for Empower's diagnostic testing platform. As healthcare service providers face increased cybersecurity threats, the need for effective and resilient data security is paramount to maintain seamless healthcare services.
"We are excited to collaborate with SoLVBL Solutions, a company with broad know-how in data verification and cybersecurity. The collaboration agreement entered with Empower combines SoLVBL Solutions' data verification capabilities with Empower's experience and extensive expertise in the design, construction, operation, and maintenance of healthcare clinics and world-class diagnostic laboratories. With the increase in data collection, the demand to protect and verify data is unprecedented. We have seen such announcements come from both the Canadian and American governments. We feel this verification solution will allow us to continue to grow and meet the demands and needs of our patients and health care administrations. The collaboration aligns with our expansion and growth plans to become a global technological leader in the healthcare diagnostic sector." said Steven McAuley, CEO of Empower.
"We are extremely proud that SoLVBL Solutions' collaboration with Empower will yield a comprehensive cybersecurity solution for Empower's diagnostic testing platforms, answering a growing global cyber threat. We believe this will be the first of many such opportunities in the healthcare vertical, and one that we realized was needed and doable in our ongoing conversations with the Empower team. Together we realized the need for this level of data protection in this sector." said Raymond Pomroy, CEO of SoLVBL Solutions.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT SOLVBL SOLUTIONS INC.
SoLVBL Inc.™ takes a different approach to cybersecurity with its proprietary Q by SoLVBL™ protocol that quickly and cost-effectively establishes the authenticity of digital records at very high speed. We don't believe that any system is ‘un-hackable', no matter how secure it appears to be, and if a system can be hacked, the data within that system is subject to manipulation. Bad data leads to bad decisions. Our Mission: ‘To empower better, faster decisions by developing a universal standard for establishing digital record authenticity which is easy to adopt, cheap to use, offers cryptographic assurances, and will not bottleneck systems.'. The Company is currently pursuing the following verticals: chain of custody for digital evidence including NG-911; data used in the financial sector; medical applications; and critical IoT infrastructures.
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Investors:
Steven McAuley CEO
s.mcauley@empowerclinics.com 604-789-2146
Investors:
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
416-671-5617
dumbof
3 years ago
by @accesswire on 23 Sep 2021, 14:31
Empower Clinics Launches Its Next "The Medi-Collective" Clinic; Expands Pipeline of Clinics To 33 locations including Alberta, British Columbia, and New Brunswick
Empower Officially Enters National Clinic Rollout Phase Under The Medi Collective Brand
VANCOUVER, BC / ACCESSWIRE / September 23, 2021 / EMPOWER CLINICS INC. (CBDT:CSE) (EPWCF:OTCQB) (8EC:Frankfurt) ("Empower" or the "Company") an integrated healthcare company serving patients through medical centers, telemedicine platforms, a medical device company, and a high complexity medical diagnostics laboratory processing COVID-19 specimens and developing a variety of direct to consumer testing protocols, is pleased to announce the expansion of its national clinic rollout strategy with the expected grand opening of "The Medi-Collective" ("TMC") clinic in Etobicoke, Ontario on October 18th, 2021.
Furthermore, Empower is pleased to provide shareholders with an update on the progress of its Canadian nationwide clinic expansion strategy, which now includes a pipeline of 33 clinic locations at various stages of development, including our first clinic locations outside of Ontario.
SAVE THE DATE - SHAREHOLDERS INVITED TO OCTOBER 18TH GRAND OPENING CEREMONY IN ETOBICOKE, ONTARIO
On September 8th Empower announced the official opening of its inaugural TMC medical clinic in Hamilton, Ontario. On October 18th Empower shareholders are invited to the grand opening and ribbon cutting ceremony of our new TMC clinic at 440 Brown's Line, Etobicoke, ON M8W 3T9, which will include CEO Steven McAuley, Dr. Jordan Rabinowitz and Dr. Aviv Tsimerman, as well as VIP guests from the financial, medical, and political sectors.
Guests will have an opportunity to experience the 2,600 square foot clinic and meet the medical staff firsthand, to truly visualize the TMC model for expansion across Canada - all while enjoying great food, TMC swag, photo opportunities and conversations with Company management.
"I could not be more excited for our company and shareholders to see our investment in Brownsline and the City of Etobicoke come together and be fully open to serve patients." said Steven McAuley, Chairman & CEO Of Empower Clinics. "We are all living though challenging times, yet I have watched our outstanding team members be optimistic, persevere and never waiver from our goals. We are a collective, we care about our patients, the communities we serve, our shareholders, and we look forward to many more grand openings."
CLINIC PIPELINE UPDATED TO INCLUDE 33 LOCATIONS AND SPANNING 4 PROVINCES THANKS TO GREATER THAN EXPECTED DEMAND FROM DOCTORS AND PHARMACY PARTNERS. OPENINGS PROJECTED EVERY 3 WEEKS THROUGH THE END OF 2021 AND INTO Q1 2022
The Company is pleased to advise shareholders that our pipeline of clinics continues to expand rapidly, even more than anticipated, thanks to greater than expected interest from doctors and pharmacy partners who want to be involved with The Medi-Collective brand. This now extends beyond Ontario and into the provinces of:
Alberta
British Columbia
New Brunswick
The status of our clinic pipeline in Canada can be summarized as follows:
OPERATING - 3
IN DEVELOPMENT & CONSTRUCTION - 9
IN DUE DILIGENCE - 21
TOTAL - 33
Advanced discussions continue for additional locations nationwide, as the Company gains momentum on its Canadian roll out strategy.
"Our decision to align with pharmacy brands both national and independent across Canada is proving to be so beneficial. Together we support patients and people in the communities we serve. Together, we bring greater access to care, providing advanced specialist services under one roof, both in-clinic and through telemedicine and virtual care." Empowers Chairman & CEO Steven McAuley further states, "We are leveraging our R&D and product divisions to ensure people everywhere have more control over their personal healthcare outcomes. Wellness matters, it matters to me, it matters to our team members, it matters to our shareholders, it matters to our partners, it matters to the patients and communities we serve."
HEALTH CARE SERVICES TO BE DELIVERED AND ANTICIPATED REVENUES
Empower, though The Medi Collective division, is opening primary care and para-medical healthcare services in its clinics.
Primary care services include:
Family physicians
Walk-in physicians
Tele-medicine and virtual care
The Company anticipates it could generate $400,000 - $600,000 in annual revenue per MD, per location, which equates to a revenue range between $1,600,000 - $2,400,000 annually per location.
Paramedical services include:
Chiropractic
Physiotherapy
Registered Massage Therapy
Chiropody
Acupuncturists
Osteopaths
Nutritionists
The Company anticipates it could generate $960,000 - $1,200,000 in annual revenue per location with Paramedical services
When locations are fully operational, Empower anticipates it could generate $2,560,000 - 3,600,000 in annual revenue per location on a weighted average fully operational basis.
ADDITIONAL HEALTH CARE SERVICES EXPECTED TO BE ADDED
Given the anticipated rapid expansion and penetration of Empower and The Medi Collective brand into the Canadian market, the Company intends to continue adding valuable specialized medical services to strengthen the quality of healthcare at each location that can include:
Tele-Dermatology
On March 10th Empower and MedX Health Corporation (TSX-V: MDX) announced an MOU to pilot MedX's tele-dermatology screening platform at two select Empower Clinics locations in Ontario, with plans for a broader market roll-out pending the completion of a successful pilot.
Cardiology
Empower continues to have ongoing discussions with a variety of cardiology specialists and is reviewing cardiology product opportunities that the MediSure brand could bring to market.
The Company believes these additional services hold the potential to add significant value to the operations of each healthcare centre.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions, and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, a medical device company and a world-class medical diagnostics laboratory. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Investors:
Steven McAuley CEO
s.mcauley@empowerclinics.com
604-789-2146
Investors:
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
416-671-5617
dumbof
3 years ago
by @accesswire on 8 Sep 2021, 08:00
Empower Clinics Opens First of Many “TMC” Clinics in Canada
The Medi-Collective Clinic is Now Accepting New Patients & Walk-Ins in Hamilton, Ontario
VANCOUVER, BC / ACCESSWIRE / September 8, 2021 / EMPOWER CLINICS INC. (CBDT:CSE) (8EC:Frankfurt) (EPWCF:OTCQB) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms, a medical device company, and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens - is pleased to announce the official opening of The Medi-Collective ("TMC") inaugural medical clinic in Hamilton, Ontario.
"This is getting exciting, we are onto something special, The Medi-Collective, it's a launch!" said Steven McAuley, Chairman and CEO of Empower Clinics. "This is important, it opens more access for patients, it launches catalysts that we have talked about, allows us to kickstart the growth potential of TMC and Empower, just like I said we would do."
Dr. Jordan Rabinowitz, and Dr. Aviv Tsimerman added, "This location is a step in our strategic expansion of truly integrative care, based on patient-centric services. We are thrilled to be able to provide such comprehensive care to the Hamilton community. We are modernizing healthcare by having a team of professionals working together under one roof for the benefit of the patient."
As of today, the Hamilton, ON clinic is accepting new patients and walk-in appointments.
The Medi-Collective Hamilton Clinic
Address: 675 Rymal Rd E., Hamilton, ON L8W 1B5
Phone: 905-848-2441
Email: 675Rymal@themedicollective.com
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Investors:
Steven McAuley CEO
s.mcauley@empowerclinics.com
604-789-2146
dumbof
3 years ago
https://pro.ceo.ca/@accesswire/empower-clinics-reports-1005-year-over-year-revenue
by @accesswire on 30 Aug 2021, 12:31
Empower Clinics Reports 1,005% Year-Over-Year Revenue Growth in Q2 2021
The Company Increased Its Cash Position and Paid Off $2 Million in Debt
VANCOUVER, BC / ACCESSWIRE / August 30, 2021 / EMPOWER CLINICS INC. (CSE:CBDT)(OTC PINK:EPWCF)(Frankfurt 8EC) (" Empower " or the " Company ") has filed today its consolidated financial statements and related management's discussion and analysis, both of which are available at www.SEDAR.com. All financial information in this press release is reported in United States dollars, unless otherwise indicated.
"Our second quarter was one of robust corporate development as we continue to execute our strategic growth vision while prioritizing the overall fiscal health of Empower Clinics," said Steven McAuley, Chairman and CEO. "By discontinuing certain operations in Q2, we paved the way for explosive growth across the company. We are excited about the R&D product development opportunities and increased testing available in Canada and the U.S. through the Kai Medical Laboratories expansion. We remain diligent on the progress of our Canadian clinic expansions and the distribution of MediSure devices. The entire Empower team is excited for the future."
Q2 2021 Highlights
Total revenues from continuing operations[1] of $861,826 for Q2 2021 compared to Q2 2020 revenues $85,775, representing 1005% year over year growth.
Cash at June 30, 2021 was $5,191,944 which increased from cash of $4,889,824 at December 31, 2020, primarily driven by the proceeds generated on exercise of share purchase warrants.
Cash used in operating activities of continuing operations was $416,949, compared to cash used of $171,848 for Q2 2020.
Loss from operations1 increased to $1,373,941 for Q2 2021 from $380,612 for Q2 2020, primarily driven by the increased corporate activity of the Company and legal and professional fees in pursuit of acquisitions.
Net loss from continuing operations1 of $412,209 or $0.00 per share compared to $501,419 or $0.00 per share for Q2 2020, which was primarily driven by a non-cash gain on the fair value adjustment related to the Company's warrants outstanding resulting from movement of the Company's share price (a key input in determining the fair value), offset by increased operating expenses.
Recent Highlights Subsequent to Quarter End
Sale of Sun Valley: In July 2021, the Company announced that it had entered into a non-binding agreement to sell its 100% ownership of Sun Valley to the previous owners of Sun Valley for total consideration of $1,000,000 payable in securities of Empower.
Acquisition : On July 30, 2021, the Company completed the acquisition of all ownership interest of Medi+Sure Canada Inc. for a total deemed purchase price of CAD$3.5M. Consideration consists of a cash payment of CAD$1,250,000 and 4,582,483 common shares of the Company, 2,036,659 of which are subject to contractual trading restrictions that will be removed quarterly over 24 months.
Common shares issued : The Company issued 21,176 shareswith a fair value of $0.41 (CAD$0.51) per share for proceeds of $9,023 (CAD$11,340) for marketing services and 125,000 shares from the exercise of stock options with an exercise price of $0.05 (C$0.06) for proceeds of $5,976 (CAD$7,500).
Financial Summary
US dollars, except where noted
Three months ended June 30,
2021 2020
Total revenues
861,826 85,775
Direct expenses
831,594 21,557
Loss from operations
1,373,941 380,612
Net loss from continuing operations
412,209 501,419
Net loss per share
- -
Financial Performance
Revenues for Q2 2021 and Q2 2020 were $861,826 and $85,775, respectively. This increase over prior year is attributable to the acquisition of Kai Medical and the strong revenue resulting from COVID-19 testing.
Direct expenses for Q2 2021 and Q2 2020 were $831,594 and $21,557, respectively. This increase over prior year is attributable to the acquisition of Kai which increased the Company's staffing levels and the ramp up of staffing as the Company expands its clinic presence in Canada through Lawrence Park & Atkinson.
Loss from operations for Q2 2021 and Q2 2020 were $1,373,941 and $380,612 respectively. This decrease from prior year is primarily attributable to the increase in revenues resulting from the acquisitions during fiscal 2020, offset by increased operating costs that are the direct result of consolidating the expenses of the acquired entities as well as the continued increase in corporate activity during Q2 2021 which increased legal and professional costs.
Net loss for Q2 2021 and Q2 2020 were $412,209 and $501,419, respectively. This decrease in loss over prior year is primarily attributable to the gain on change in fair value recognized on the warrant liability (as determined by the Black-Scholes option pricing model) which resulted from the decrease in the Company's share price between March 31, 2021 and June 30, 2021 and therefore the fair value allocated to warrants.
During Q2 2021, the Company used $416,949 in cash from continuing operations after changes in non-cash working capital. The Company invested $688,367 for the purchase of property and equipment and raised $258,336 via proceeds from various exercise of warrants and stock options, partially offset by lease payments and repayments of loans and notes payable in the amount of $104,483.
Please refer to the Company's condensed interim consolidated financial statements, related notes and accompanying Management Discussion and Analysis for a full review of the operations.
About Empower
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS: Steven McAuley
Chief Executive Officer
CONTACTS:
Tamara Mason
Business Development & Communications
416-671-5617
t.mason@empowerclinics.com
Steven McAuley
CEO
604-789-2146
s.mcauley@empowerclinics.com
AskMuncher
3 years ago
$EOWCF Empower Clinics and Pharmasave Enter Pilot Program to Supply Kai Testing to Independent Pharmacies
Press Release | 08/24/2021
The initial program will provide Kai COVID-19 Testing Solutions to hundreds of pharmacies across Canada
VANCOUVER, BC / ACCESSWIRE / August 24, 2021 / EMPOWER CLINICS INC. (CSE:CBDT)(FSE:8EC)(OTCQB:EPWCF) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens - has officially entered an Memorandum of Understanding ("MOU") for a six-month pilot program between Empower and Pharmasave for distribution and resale of Kai COVID-19 Testing Solutions. The products will include Rapid Antigen Testing, Rapid Antibody Testing and Kai Saliva RT-PCR tests.
"Tapping into Pharmasave's network is a huge step forward in our plan to provide Kai Testing solutions directly to consumers and further our national clinic expansion strategy," said Steven McAuley, Chairman and CEO of Empower Clinics. "With corporate pharmacy partners, PharmaChoice and now Pharmasave, we are seeing steady growth and momentum with a number of pharmacy groups from across North America."
With over 800 stores across the country, Pharmasave is one of Canada's leading independent pharmacy and drugstore retailers. Since being founded in 1981, Pharmasave has focused on building a national platform of community-based retail outlets designed to provide customers with exceptional service, products and advice. Each Pharmasave store operates independently to serve its individual community, which ensures both programs and services tailored to the needs of customers and a commitment to helping all customers. The company's local ties across numerous regions make it a great partner in providing direct consumer sales of Kai Testing Solutions. Empower hopes to build on this partnership through the national clinic expansion strategy and increase the quantity of services readily available to Canadians.
Under the MOU, Pharmasave and Empower agree to a six-month pilot program to allow both parties to evaluate the costs and revenue opportunities. It is the goal for this period to determine the final business model that will serve Pharmasave patients and their corporate accounts. Empower will provide Pharmasave with Health Canada Approved COVID-19 Testing Solutions (Rapid Antigen Testing, Rapid Antibody Testing and Kai Saliva RT-PCR tests), express shipping on all ordered units, and technical support.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Investors:
Steven McAuley
CEO
s.mcauley@empowerclinics.com
604-789-2146
Investors:
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
416-671-5617
DISCLAIMER FOR FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements" or "forward-looking information" (collectively "forward looking statements") within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Forward-looking statements can frequently be identified by words such as "plans", "continues", "expects", "projects", "intends", "believes", "anticipates", "estimates", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. Forward-looking statements in this news release include, but are not limited to, statements regarding: the expected benefits to the Company and its shareholders as a result of the acquisition of Kai Medical Laboratory; the transaction terms; the expected number of clinics and patients following the closing; the future potential success of Kai Medical Laboratory, Sun Valley's franchise model; launch of new healthcare centers and the occurrence thereof; that the Company can bring healthcare to millions of Canadians; that new healthcare services can be added and that the Company will be positioned to be a market- leading service provider for complex patient requirements in 2020 and beyond. Such statements are only projections, are based on assumptions known to management at this time, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including: that Kai Medical Laboratory will successfully win any US Government RFP; that the MedX Health pilot program will be successful; that Empower will place the MedX Health teledermatology product in health centers in North America; that the Company's products may not work as expected; that the Company may not be able to expand COVID-19 testing; that legislative changes may have an adverse effect on the Company's business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; that the Company will be able to commence and/or complete build-outs and tenants improvements for Canadian clinics or Kai Medical Laboratory expansion inn 2Q 2021; that general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with the proposed transaction; and other factors beyond the Company's control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable laws.
dumbof
3 years ago
http://crweworld.com/article/news-provided-by-accesswire/2108244/empower-clinics-and-pharmasave-enter-pilot-program-to-supply-kai-testing-to-independent-pharmacies
Empower Clinics and Pharmasave Enter Pilot Program to Supply Kai Testing to Independent Pharmacies
News Provided by Accesswire2021-08-2467 Views
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The initial program will provide Kai COVID-19 Testing Solutions to hundreds of pharmacies across Canada
VANCOUVER, BC / ACCESSWIRE / August 24, 2021 / EMPOWER CLINICS INC. (CSE:CBDT)(FSE:8EC)(OTCQB:EPWCF) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens - has officially entered an Memorandum of Understanding ("MOU") for a six-month pilot program between Empower and Pharmasave for distribution and resale of Kai COVID-19 Testing Solutions. The products will include Rapid Antigen Testing, Rapid Antibody Testing and Kai Saliva RT-PCR tests.
"Tapping into Pharmasave's network is a huge step forward in our plan to provide Kai Testing solutions directly to consumers and further our national clinic expansion strategy," said Steven McAuley, Chairman and CEO of Empower Clinics. "With corporate pharmacy partners, PharmaChoice and now Pharmasave, we are seeing steady growth and momentum with a number of pharmacy groups from across North America."
With over 800 stores across the country, Pharmasave is one of Canada's leading independent pharmacy and drugstore retailers. Since being founded in 1981, Pharmasave has focused on building a national platform of community-based retail outlets designed to provide customers with exceptional service, products and advice. Each Pharmasave store operates independently to serve its individual community, which ensures both programs and services tailored to the needs of customers and a commitment to helping all customers. The company's local ties across numerous regions make it a great partner in providing direct consumer sales of Kai Testing Solutions. Empower hopes to build on this partnership through the national clinic expansion strategy and increase the quantity of services readily available to Canadians.
Under the MOU, Pharmasave and Empower agree to a six-month pilot program to allow both parties to evaluate the costs and revenue opportunities. It is the goal for this period to determine the final business model that will serve Pharmasave patients and their corporate accounts. Empower will provide Pharmasave with Health Canada Approved COVID-19 Testing Solutions (Rapid Antigen Testing, Rapid Antibody Testing and Kai Saliva RT-PCR tests), express shipping on all ordered units, and technical support.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
dumbof
3 years ago
by @accesswire on 11 Aug 2021, 16:01
Empower Clinics Provides Corporate Update On National Clinic Expansion
Strong 2021 Fiscal Performance Supporting Robust Clinic, Testing Expansion and Acquisition Efforts
VANCOUVER, BC / ACCESSWIRE / August 11, 2021 / EMPOWER CLINICS INC. (CSE:CBDT)(Frankfurt:8EC)(OTCQB:EPWCF) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens - is pleased to provide the following corporate update on our national clinic expansion strategy and overview of other corporate endeavors.
"This corporate update is a testament to the growth of Empower Clinics over the last year," said Steven McAuley, Chairman & CEO of Empower. "Our national clinic expansion strategy will provide enhanced access to healthcare for millions of Canadians. We continue to make meaningful strides across our network with various Kai Care testing partnerships and its recent expansion allowing for greater volume and diversification of services. We are also thrilled to have completed the MediSure acquisition and look forward to leveraging our collective network to drive increased volume and new product development."
Clinic Pipelines
The Company is pleased to provide shareholders with an update on its progress of opening new clinics locations that are now in various stages ranging from LOI's, to leases signed, construction underway and opening dates pending.
SIGNED LEASES with construction underway
1) Etobicoke,ON
2) London, ON
3) Etobicoke, ON 2nd flagship location
4) Hamilton, ON
LEASES signed
1) Hamilton, ON Rexall proximity
2) Kitchener, ON Rexall proximity
3) Ajax, ON Rexall proximity
4) Barrie, ON Rexall proximity
PENDING LOI'S & LEASES
1) Sudbury, ON Pharmacy proximity
2) Chatham, ON Pharamcy proximity
3) Nepean, ON Pharmacy proximity
4) Peterborough, ON Pharmacy proximity
5) St. Catherines, ON
Chairman & CEO Mr. McAuley added, "I simply want to say that our Canadian health centre development plan has never been in doubt for us, from the moment we announced the strategy. Working so closely on a plan with pharmacy organizations takes time to materialize, it requires a collective effort with all constituents, but as everyone knows, we have not been idle, we have not been complacent, we have been diligent, respectful and focused on building a long-term strategy. I am so impressed with our business development team and their recruitment of medical doctors to date, that will serve so many communities and neighbourhoods. We seem to be building a collective of healthcare centers, a collective of medical professionals, a collective of knowledge and expertise, focused on the health outcomes of people in the markets we serve."
Acquisitions
Empower Clinics recently finalized the acquisition of leading Canadian diabetic service manufacturing company MediSure. With over $1.9M in revenue for 2020, 50,000 end users and presence in over 4,000 Canadian pharmacies, MediSure represents a highly valuable asset for the Empower Network.
Partnerships
Empower Clinics has signed nine partnership agreements in 2021 with leading companies across Canada and the United States. Each partnership leverages various strengths of the Empower Clinics network. The endeavours include:
Signed partnership to offer COVID-19 testing on a long-term basis for the Dallas Market Centre
Signed partnership for select clinics to offer the MedX DermSecure screening platform
Signed referral agreement with major Canadian airline for Kai Care COVID testing
Signed partnered with Loop Insights to augment COVID mitigation efforts through testing
Signed partnership with PharmaChoice to carry Kai Care saliva test kits, Antigen Tests & Antibody Tests in their more than 900 independent pharmacies across Canada
Signed partnership with Save-On-Foods to sell Kai Saliva tests in Vancouver area stores
Signed partnership with Tabula Rasa Pharmacy for a dedicated 24-hour customer support line
Financials
Empower Clinics has had a tremendous year of growth that has translated to promising fiscal results. A 58% year-over-year growth and a zero cash loss in 2020 set Empower up to make significant strides in 2021. Empower yielded over $2.5M of revenue in Q1 2021, a 258% growth compared to 2020.
Corporate Talent
Along with tremendous fiscal growth, Empower Clinics is looking to elevate its corporate leadership team and partnerships. Recently retained global executive recruiting firm Korn Ferry has started searching for a new Chief Financial Officer (CFO). An immediate priority for the new executive will be an in-depth review of current financial and audit operations, with the express intent to make recommendations to affect positive change on current practices and partnerships.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Investors:
Steven McAuley CEO
s.mcauley@empowerclinics.com
604-789-2146
Investors:
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
416-671-5617
dumbof
3 years ago
by @accesswire on 7 Jun 2021, 10:30
Empower Clinics Signs Six Agreements for New Clinic Locations with National Pharmacy Group
Clinic buildouts to commence in Ontario, Canada with annualized revenues for the six locations estimated between $12 million and $18 million CAD
VANCOUVER, BC / ACCESSWIRE / June 7, 2021 / EMPOWER CLINICS INC. (CBDT:CSE) (8EC:Frankfurt) (EPWCF:OTCQB) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens - is pleased to announce the signing of six Letters of Intent (LOI's) to open medical healthcare centers with REXALL/PHARMA PLUS PHARMACIES LTD the second largest pharmacy group in Canada.
It is proposed that Empower will act as a subtenant for these initial six locations to build and operate health care centers as a key driver of Empower's national clinic expansion strategy. Services include full primary care led by medical doctors plus paramedical services with practitioners providing services including chiropractic care, physiotherapy and more. Beneficiaries of these services include the pharmacies large existing customer base in addition to patients in the wider communities each location will serve.
Using Empower's expertise in physician recruitment and clinic management, these clinics are estimated to serve thousands of patients per location once fully constructed, with four to six medical doctors and healthcare practitioners per location, respectively.
"With estimated annual revenues of $2,000,000 - $4,000,000 per location, it's not an understatement to call this a big acceleration of our game-changing growth strategy for both our patients and shareholders." said Steven McAuley, Chairman & CEO of Empower Clinics. "Working with national pharmacy brands both in Canada and the U.S. is proving to be the correct strategy, the correct plan, the correct path forward."
PROPOSED NEW CLINIC LOCATIONS
117B Cedar St. Sudbury, Ontario (3900 square ft)
350 Cresthaven Dr. Ottawa, Ontario (1500 square ft)
3701 Lakeshore Blvd W. Toronto, Ontario (1800 square ft)
401 St. Clair Street Chatham, Ontario (2500 square ft)
85 George St. N. Peterborough, Ontario (2000 square ft)
3 N Service Rd. St. Catharines, Ontario (2500 square ft)
HEALTH CARE SERVICES TO BE DELIVERED
Empower will be opening primary care and para-medical healthcare services in its various locations.
Primary care services include:
Family physicians
Walk-in physicians
Tele-medicine and virtual care
Paramedical services include:
Chiropractic
Physiotherapy
Registered Massage Therapy
Chiropody
Acupuncturists
Osteopaths
Nutritionists
ADDITIONAL HEALTH CARE SERVICES EXPECTED TO BE ADDED
Given the expansion and penetration of Empower Clinics into the Canadian market, the Company intends to continue adding valuable specialized medical services to strengthen the quality of healthcare at each location that can include:
Tele-Dermatology
Cardiology
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Investors:
Steven McAuley CEO
s.mcauley@empowerclinics.com
604-789-2146
Investors:
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
416-671-5617
Buellersback
4 years ago
HUGE NEWS! Empower Clinics Announces COVID-19 Referral Agreement with Major Canadian Airline
https://agoracom.com/ir/EmpowerClinics/forums/discussion/topics/760581-empower-clinics-announces-covid-19-referral-agreement-with-major-canadian-airline/messages/2315622#message
COVID-19 testing provided by Empower subsidiary Kai Medical Laboratory
VANCOUVER BC / May 11, 2021 / EMPOWER CLINICS INC. (CSE:CBDT)(Frankfurt:8EC)(OTCQB:EPWCF) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens - is pleased to announce pursuant to a Referral Agreement dated May 10, 2021 that a major Canadian airline will now refer its passengers to Kai Care for expedited COVID-19 testing.
As we work to close the chapter on these truly extraordinary times, people are looking to the near future to resume their pre-pandemic lives. While COVID-19 has fundamentally shifted the way we live, work and travel, reliable and efficient testing protocols are the key to living life fully in our new normal.
Today, Empower Clinics is announcing an agreement with a major Canadian airline, whereby passengers will have access to and benefit from a Kai Medical Laboratory COVID-19 test. Kai Care is a customized direct-to-consumer easy five step RT- PCR at Home Saliva Test Kit, that doesn't need to be administered by a health care provider.
When booking a flight or navigating the airline website passengers will have options to click a link to be referred to Kai Care websites www.kaitests.com and www.kaitests.ca to purchase an RT- PCR Kai Saliva Test Kit.
With most countries and airlines requiring pre-departure negative COVID-19 test results, travelers are encouraged to order enough test kits to use for pre-departure and for prior to their return. Kai Care provides test kits by UPS overnight courier in Canada, the United States and the Caribbean (excluding Mexico).
"Our industry leading COVID-19 tests are key to getting passengers back in their seats for business and leisure travel," said Steven McAuley, Chairman & CEO of Empower. "I am proud that a major Canadian airline has chosen Empower as a trusted supplier to assist with a safe restart for travel. Kai Care at home saliva tests offer passengers a convenient, non-invasive and private way to take a COVID-19 test during what can be a stressful travel preparation period."
Kai Medical Laboratory testing method is the gold standard, detecting the active SARS-CoV-2 (COVID-19) in patients that are symptomatic or asymptomatic. It also offers the option to test for a combination of COVID-19 and Influenza A/B, should the traveler wish. The test product and the method of test result reporting meet the current guidelines of executive travel orders to enable travelers the ability to complete the check-in, customs clearance and boarding requirements for flight travel.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT KAI MEDICAL LABORATORY:
Kai Medical Laboratory, a state-of-the-art diagnostics laboratory in Dallas, TX was acquired by Empower Clinics on October 6, 2020 to further advance the Company's COVID-19 national testing programs for enterprise clients, including movie and television studios, businesses and the travel industry.
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Investors:
Steven McAuley CEO
s.mcauley@empowerclinics.com
604-789-2146
Investors:
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
416-671-5617
DISCLAIMER FOR FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements" or "forward-looking information" (collectively "forward looking statements") within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Forward-looking statements can frequently be identified by words such as "plans", "continues", "expects", "projects", "intends", "believes", "anticipates", "estimates", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. Forward-looking statements in this news release include, but are not limited to, statements regarding: the expected benefits to the Company and its shareholders as a result of the acquisition of Kai Medical Laboratory; the transaction terms; the expected number of clinics and patients following the closing; the future potential success of Kai Medical Laboratory, Sun Valley's franchise model; launch of new healthcare centers and the occurrence thereof; that the Company can bring healthcare to millions of Canadians; that new healthcare services can be added and that the Company will be positioned to be a market- leading service provider for complex patient requirements in 2020 and beyond. Such statements are only projections, are based on assumptions known to management at this time, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including: that Kai Medical Laboratory will successfully win any US Government RFP; that the MedX Health pilot program will be successful; that Empower will place the MedX Health teledermatology product in health centers in North America; that the Company's products may not work as expected; that the Company may not be able to expand COVID-19 testing; that Air Canada will successfully refer travelers to Kai Care; that legislative changes may have an adverse effect on the Company's business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; that the Company will be able to commence and/or complete build-outs and tenants improvements for Canadian clinics or Kai Medical Laboratory expansion in 2Q 2021; that general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with the proposed transaction; and other factors beyond the Company's control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable laws.
SOURCE: Empower Clinics Inc.
1 Recommendations
REPLY NEW MES
dumbof
4 years ago
4.000 tests / 175 $ daily = 700.000 $
by @accesswire on 27 Apr 2021, 03:30
Empower Clinics Launches Direct-To-Consumer E-Commerce Solutions
Convenient at-home saliva COVID-19 tests available now
VANCOUVER, BC / ACCESSWIRE / April 27, 2021 / EMPOWER CLINICS INC. (CSE:CBDT)(Frankfurt:8EC)(OTCQB:EPWCF) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a highly complex medical diagnostics laboratory processing thousands of COVID-19 specimens - officially launched its direct-to-consumer (DTC) e-commerce solutions in partnership with industry leader The Snow Agency.
Starting today Empower patients, both existing and prospective, can access an accessible, seamless and educative online experience when purchasing at-home diagnostics test kits. U.S. patients can purchase Kai Care's at-home COVID-19 saliva test kits with same-day shipping at www.kaitests.com. Canadian e-commerce options via www.kaitests.ca will be available in the near future.
"Empower is committed to making access to our products as convenient as possible to all patients in North America. A DTC e-commerce solution is a key part of that solution," said Steven McAuley, Chairman & CEO of Empower. "With The Snow Agency as our outstanding digital marketing partner, we're providing innovative and convenient at-home testing solutions to more patients looking to take control of their health data. Our labs at Kai Medical process up to 4,000 tests a day, screened by highly capable scientists and medical professionals. While vaccines are key, this increased testing instills trust and confidence to help everyone resume their normal lives as safely as possible.
"With COVID-19, speed matters. Today's e-commerce launch of Kai Care connects accessible health care and convenience so you and your loved ones can get both a COVID-19 test and your results in record time. Collaborating with Empower to help reopen the economy, allow people to travel, and feel safe in their communities is a partnership we're so proud to be a part of," said Dan Snow, CEO and Co-founder of The Snow Agency.
"As a trained medical professional and a digital marketing entrepreneur, I know this tool will give patients the confidence to take control of their health and wellness. Today's e-commerce launch is one step closer to putting COVID-19 in our collective rear-view mirror so we can get back to enjoying events and get-togethers of all shapes and sizes. Steven and his team have a fantastic vision for KaiTests.com that's built on knowledge and empathy. We're thrilled to be a part of the solution." said Dr. Jonathan Snow, COO and Co-founder of The Snow Agency.
The next phase of the collaboration between Empower and The Snow Agency will focus on educational, simple, and fun digital campaigns to create awareness about Kai Care's ground-breaking testing solutions, starting with their at-home COVID-19/Influenza saliva test kit. To learn more about the test, visit www.kaitests.com.
The Snow Agency is a performance digital marketing and creative agency whose customized brand strategies and content production maximize the impact of direct response ads and creatives on Facebook/Instagram, Google/YouTube, Snapchat, and Email/SMS. To date, they've brought in more than $250 million USD in sales for their clients. The Snow Agency has been recognized on Yahoo! Finance ranked as the #1 US Digital Marketing Agency & Digital Agency in January 2021 by Design Rush, a top B2B marketplace connecting brands with agencies.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Investors:
Steven McAuley CEO
s.mcauley@empowerclinics.com
604-789-2146
Investors:
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
416-671-5617
Buellersback
4 years ago
Good news! Company Stock Is Now More Accessible to U.S. Investors
https://agoracom.com/ir/EmpowerClinics/forums/discussion/topics/759104-empower-announces-dtc-eligibility/messages/2312068#message
VANCOUVER B.C. / ACCESSWIRE / April 15, 2021 / EMPOWER CLINICS INC. (CSE:CBDT)(FRA:8EC)(OTC PINK:EPWCF) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens - is pleased to announce it is now eligible for Depository Trust Company ("DTC") services in relation to Empower's listing on the OTC.
United States investors may now more easily trade Empower's OTC stock (OTC PINK:EPWCF) in addition to Empower's listing on the CSE (CSE:CBDT) and (FRA:8EC).
"Convenience is a core part of Empower's overall strategy for our approach to integrated healthcare, so our capital markets strategy should be the same. I'm thrilled that trading Empower's shares will now be easier for existing and potential shareholders in the U.S.," said Steven McAuley, Chairman & CEO of Empower. "Empower has a strong and growing presence in the United States market operationally as well as for investors. We're confident that we will see enhanced trading liquidity as a result of our DTC eligibility."
DTC is a subsidiary of the Depository Trust and Clearing Corporation (DTCC), one of the world's largest securities depositories that manages the electronic clearing and settlement of publicly traded companies. Empower is now eligible to be electronically cleared and settled through the DTC and is therefore considered "DTC eligible". This electronic method of clearing securities streamlines the process of trading, enhances liquidity, and provides direct access to investors and brokers in the U.S. OTC capital markets.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACT:
Investors:
Steven McAuley
CEO
s.mcauley@empowerclinics.com
604-789-2146
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
416-671-5617
DISCLAIMER FOR FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements" or "forward-looking information" (collectively "forward looking statements") within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Forward-looking statements can frequently be identified by words such as "plans", "continues", "expects", "projects", "intends", "believes", "anticipates", "estimates", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. Forward-looking statements in this news release include, but are not limited to, statements regarding: the expected benefits to the Company and its shareholders as a result of the acquisition of Kai Medical Laboratory; the transaction terms; the expected number of clinics and patients following the closing; the future potential success of Kai Medical Laboratory, Sun Valley's franchise model; launch of new healthcare centers and the occurrence thereof; that the Company can bring healthcare to millions of Canadians; that new healthcare services can be added and that the Company will be positioned to be a market- leading service provider for complex patient requirements in 2020 and beyond. Such statements are only projections, are based on assumptions known to management at this time, and are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including: that Kai Medical Laboratory will successfully win any US Government RFP; that the MedX Health pilot program will be successful; that Empower will place the MedX Health teledermatology product in health centers in North America; that the Company's products may not work as expected; that the Company may not be able to expand COVID-19 testing; that legislative changes may have an adverse effect on the Company's business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; that the Company will be able to commence and/or complete build-outs and tenants improvements for Canadian clinics or Kai Medical Laboratory expansion in 2Q 2021; that general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with the proposed transaction; and other factors beyond the Company's control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable laws.
SOURCE: Empower Clinics Inc.
dumbof
4 years ago
by @accesswire on 13 Apr 2021, 09:36
Empower Appoints Kai Medical Laboratory President Yoshi Tyler To Board of Directors
Kai Medical Laboratory, a state-of-the-art diagnostics laboratory in Dallas, was acquired by Empower Clinics on October 6, 2020 to further advance the Company's COVID-19 national testing programs for enterprise clients, including movie and television studios, businesses and travel industry
VANCOUVER, BC / ACCESSWIRE / April 13, 2021 / EMPOWER CLINICS INC. (CBDT:CSE) (8EC:Frankfurt) (EPWCF:OTCQB) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens - is pleased to announce it has appointed Ms. Yoshi Tyler to its board of directors.
With a professional and entrepreneurial background in healthcare, Ms. Tyler has more than 13 years of experience providing leadership at Pfizer, Inc., a Fortune 500 pharmaceutical company. This experience has provided her with in-depth knowledge and industry insights to found and lead Kai Medical Laboratory towards unprecedented growth. Empower fully acquired Kai Medical Laboratory in October 2020.
"We are delighted to welcome Yoshi as a valued addition to our board of directors," said Steven McAuley, Chairman & CEO of Empower. "Having diverse leadership continues to improve our company and since our acquisition of Kai Medical Laboratory, Yoshi has led her team to surpass initial growth forecasts and demonstrated an incredible work ethic and passion for excellence. I am privileged to now count Yoshi as a fellow board member in recognition of her talent, performance and passion."
"I'm thrilled to be contributing to the growth of Empower at another level of the company," said Yoshi Tyler. "After only a few months as part of the Empower team, I've witnessed the benefits of our synergies and know firsthand about the incredible potential we have to become a leading integrated health care company in North America."
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
CONTACTS:
Investors:
Steven McAuley CEO
s.mcauley@empowerclinics.com
604-789-2146
Investors:
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
416-671-5617
dumbof
4 years ago
https://ceo.ca/@accesswire/empower-clinics-partners-with-leading-us-digital
by @accesswire on 8 Apr 2021, 03:35
Empower Clinics Partners with Leading U.S. Digital Marketing Agency to Launch Direct-to-Consumer e-Commerce Solutions
Snow Agency recognized as #1 U.S. digital marketing agency
VANCOUVER BC / ACCESSWIRE / April 8, 2021 / EMPOWER CLINICS INC. (CSE:CBDT)(Frankfurt:8EC)(OTCQB:EPWCF) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens - today announced a partnership with Snow Agency to launch its direct-to-consumer (DTC) e-commerce solutions.
https://thesnowagency.com/
The Snow Agency is a performance digital marketing and creative agency whose customized brand strategies and content production maximize the impact of direct response ads and creatives on Facebook/Instagram, Google/YouTube, Snapchat, and Email/SMS. To date, they've brought in more than $250 million USD in sales for their clients. The Snow Agency has been recognized on Yahoo! Finance ranked as the #1 US Digital Marketing Agency & Digital Agency in January 2021 by Design Rush, a top B2B marketplace connecting brands with agencies.
The collaboration will allow Empower patients, existing and prospective, to benefit from an accessible, seamless and educative experience when purchasing at-home diagnostics test kits. Today patients can purchase at-home COVID-19 saliva test kits by phone or email at www.kaitests.com.
"Empower is committed to make our solutions as convenient as possible to all patients in North America. A DTC e-commerce solution is a key part of that solution." said Steven McAuley, Chairman & CEO of Empower. "I am privileged to now count Snow Agency as a partner in our journey to deliver at-home testing solutions and empower patients to take control of their own health data. Even with vaccines, ongoing testing is desperately needed because more testing, along with mask-wearing and physical distancing, will get people back into offices, planes and classrooms and help catch cases that go undetected".
"This partnership is really making a positive difference in people's lives. We know that we can reach millions of consumers with success for brands. We see our partnership with Empower as our contribution from Snow Agency to help reopen the economy, allow people to travel with confidence and getting back to normal life." said Dan Snow, CEO and Co-founder of Snow Agency.
"As a trained physician and a digital marketing entrepreneur, I fully believe in Empower's at-home diagnostic testing solutions especially its integrated laboratory services at Kai Medical. It's the time now to digitally transform healthcare, focus on accessibility and convenience for patients and save valuable time and money on stretched public health services. People will need to get tested regularly so we can all get back to normal" said Dr. Jonathan Snow, COO and Co-founder of Snow Agency.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
ABOUT EMPOWER:
Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley
Chief Executive Officer
Buellersback
4 years ago
$EMWCF NEWS! Just a matter of time is right, especially with up to projected 30 clinics to be opened this year ($100M plus yearly revenue not including Kai testing) and several more in the long term future. Bottom prices here!!!
Patient count for March increased by 388%
Announced that patient counts increased by 460% in Q1 2021 (26,317) versus Q1 2020 (5,717).
Patient counts for the month of March increased by 388% versus the same period in 2020 with total patient counts of 8,379 in March 2021 compared to 2,160 in March 2020.
VANCOUVER BC / April 7, 2021 / EMPOWER CLINICS INC. (CSE:CBDT)(FRA:8EC)(OTCQB:EPWCF) (“Empower” or the “Company“) an integrated healthcare company – serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens, is pleased to announce that patient counts increased by 460% in Q1 2021 (26,317) versus Q1 2020 (5,717). Patient counts for the month of March increased by 388% versus the same period in 2020 with total patient counts of 8,379 in March 2021 compared to 2,160 in March 2020.
“The delivery of world-class patient care is the number one priority for our team in all the markets we serve.” said Steven McAuley, Chairman & CEO of Empower. “I am so proud of our members’ daily effort and dedication to patients even in such uncertain times. For our team to achieve such significant year-over-year growth numbers is a testament to our ability to execute on our business plan to acquire patients and drive long-term shareholder value. I’m especially proud of the strong growth in the last month of Q1 which sets us up for continued growth in Q2 2021”
The Company has also issued a total of 800,000 stock options priced at $0.57 CAD to investor relation service providers and to a Director of the Company.
This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics
Source: https://agoracom.com/ir/EmpowerClinics/forums/discussion/topics/758635-empower-clinics-reports-q1-2021-patient-results-with-year-over-year-growth-of-460/messages/2311070#message
Tags: covid19, Covid19 testing, CSE, Diagnos Inc, investments, small cap, small cap stocks, stocks
This entry was posted on Wednesday, April 7th, 2021 at 7:57 am and is filed under Empower Clinics Inc.. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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