Empower Clinics Announces CFO Resignation
Empower Clinics Inc (OTCQB:EPWCF) announces the immediate resignation of Chief Financial Officer Jennifer Archibald due to personal reasons. Steven McAuley, Chairman and CEO, will serve as interim CFO while a search for Archibald's successor is initiated. During this transition, Archibald will provide consulting support. Empower Clinics is recognized for its integrated healthcare services and aims for continued growth across North America, bolstered by a capable leadership team.
- Steven McAuley's interim role as CFO may provide stability during the transition.
- Archibald's availability for consulting ensures continuity in financial operations.
- The abrupt resignation of the CFO may raise concerns about management stability.
- Potential gaps in financial oversight until a permanent CFO is appointed.
VANCOUVER, BC / ACCESSWIRE / July 22, 2022 / EMPOWER CLINICS INC (CSE:CBDT)(Frankfurt:8EC)(OTCQB:EPWCF) ("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 - announces the resignation of Chief Financial Officer Jennifer Archibald effective immediately due to personal reasons.
Chairman and CEO Steven McAuley will serve as interim CFO effective immediately. A search for Ms. Archibald's successor will be launched. Invictus Accounting Group LLP will continue to assist in audit support and financial operations until a replacement is found.
In order to ensure an orderly transition, Ms. Archibald is available to provide consulting services to support the company. Empower thanks Ms. Archibald for her service and wishes her all the best in her future endeavors.
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
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. Such forward-looking statements 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 the Company may be unable to enter into definitive agreements, or close transactions with respect to, proposed future clinic openings; that due diligence with respect to anticipated clinic openings and acquisitions may not be satisfactory to the Company; risks related to delays in permitting or construction; risks related to supply chains and access to labour; 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 new clinics; general business, economic, competitive, political and social uncertainties; 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 on the terms or in the time expected, or at all, 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 securities laws.
SOURCE: Empower Clinics Inc.
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FAQ
What does the resignation of Jennifer Archibald mean for EPWCF?
Who is taking over as interim CFO for Empower Clinics?
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