Empower Clinics Announces Resignation of Director Effective Immediately

Rhea-AI Summary

Empower Clinics Inc. (EPWCF) announced the resignation of Dustin Klein, Director & SNR. VP Business Development, effective immediately. Klein is leaving to pursue other interests, as stated by Steven McAuley, Chairman & CEO. A replacement director will be appointed soon. Empower is focused on enhancing its integrated healthcare offerings, which include medical centers and telemedicine. The company is expanding its clinical presence across North America, aiming to deliver long-term value for its shareholders.

Positive

• Appointment of a new Director expected to bring fresh perspectives.
• Focus on expanding clinical and digital healthcare services across North America.

Negative

• Uncertainty regarding continuity in leadership following Klein's resignation.
• Potential experience gaps in the leadership team during the transition period.

VANCOUVER, BC / ACCESSWIRE / March 1, 2021 / EMPOWER CLINICS INC. (CBDT:CSE)(8EC:Frankfurt)(EPWCF:OTCQB) ("Empower" or the "Company") an integrated healthcare company serving patients through medical centres, telemedicine platforms, operating a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens, announces the resignation of Dustin Klein, Director & SNR. VP Business Development. A new Director will be appointed in the near future.

"Dustin provided his letter of resignation to the Board as he intends to pursue other interests." said Steven McAuley, Chairman & CEO. "I want to thank Dustin for his service over the past two years and I wish him much success in his new endeavours."

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, that the KAI LAB expansion will be completed on time or at all; 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; that new medical doctors will join and will remain in the future; that additional healthcare services will be identified or added to the services of the Company. 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 the Kai Medical Laboratory acquisition may not be completed on the terms expected or at all; 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; 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.

View source version on accesswire.com:
https://www.accesswire.com/632607/Empower-Clinics-Announces-Resignation-of-Director-Effective-Immediately

FAQ

What prompted Dustin Klein's resignation from Empower Clinics?

Dustin Klein resigned to pursue other interests, as stated by the CEO.

How might Dustin Klein's resignation affect Empower Clinics?

The resignation could create temporary leadership gaps, affecting strategic direction.

When will a new Director be appointed to Empower Clinics?

A new Director will be appointed in the near future, but no specific date has been provided.

What are the key business focuses of Empower Clinics?

Empower Clinics focuses on integrated healthcare, including telemedicine, diagnostics, and expanding clinical presence.