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EMPOWER CLINICS INC - EPWCF STOCK NEWS

Welcome to our dedicated page for EMPOWER CLINICS news (Ticker: EPWCF), a resource for investors and traders seeking the latest updates and insights on EMPOWER CLINICS stock.

EMPOWER CLINICS INC (EPWCF) is committed to assisting individuals in improving and safeguarding their health through medical marijuana. With clinics in Washington, Oregon, California, and upcoming in Illinois, they have aided over 200,000 patients since 1999. The company boasts compassionate physicians ready to assist with paperwork and a well-informed staff to guide patients through the process.

Empower is an integrated healthcare company with multi-disciplinary clinics and a Canadian medical device company. They have established a clinical research site in Dallas, TX, becoming a Site Management Organization (SMO). Empower is reshaping patient-first wellness with cutting-edge healthcare and research solutions. Recently, the company announced its plan to consolidate shares and complete a non-brokered private placement offering.

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Empower Clinics Inc. (EPWCF) announced that its wholly owned subsidiary, MediSure Canada, has successfully obtained a Health Canada Medical Device Establishment License (MDEL # 17716). This license allows MediSure to source and distribute Class II to Class IV diagnostic and therapeutic medical devices across Canada. The CEO emphasized that this achievement positions MediSure to launch innovative medical device solutions in an expanding market, particularly addressing the needs of the diabetes-afflicted population.

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Empower Clinics Inc. (OTC PINK: EPWCF) announces the launch of The Medi-Collective brand as part of its national clinic strategy in Canada. The new brand reflects a commitment to patient-centric care and sets the stage for new clinic openings set for September. Significant investment has been made in branding and trademark protections to enhance market competitiveness. The company confirmed multiple signed leases for new clinics in Ontario, indicating a robust expansion plan. The strategic rollout aims to meet evolving healthcare needs across key Canadian cities.

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Empower Clinics (OTCQB: EPWCF) reported significant progress in its national clinic expansion strategy, enhancing healthcare access for Canadians. Key updates include the completion of MediSure acquisition, which generated over $1.9M in revenue and boasts a user base of 50,000. The company also announced nine new partnership agreements aimed at expanding testing services. Empower achieved a remarkable 58% year-over-year growth and reported over $2.5M in revenue for Q1 2021, representing a 258% increase compared to Q1 2020.

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Empower Clinics Inc. has completed a significant expansion of its Kai Medical Laboratory in Texas, enhancing its testing capabilities. Since its acquisition in October 2020, Kai Lab has driven consistent revenue growth, particularly in COVID-19 testing. The expansion introduces new testing services, including dried blood spot cards and various specimen types, aimed to meet increasing healthcare demands. CEO Steven McAuley highlighted the importance of this milestone for supporting enterprise clients and ensuring safer environments as flu season approaches.

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Empower Clinics (OTCQB: EPWCF) has acquired Medi+Sure Canada Inc. for C$3.5 million, enhancing its presence in the diabetes management market. This acquisition allows Empower to leverage MediSure’s established pharmacy network and expand into the U.S. market, with plans for FDA approval. MediSure specializes in affordable diabetes testing products, addressing a significant health concern as diabetes affects millions globally. The deal involves a cash payment of C$1.25 million and the issuance of 4,582,483 common shares to MediSure’s sole shareholder.

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Empower Clinics Inc. has commenced the search for a new Chief Financial Officer (CFO) with the assistance of Korn Ferry. The current CFO, Kyle Appleby, will step down upon the hiring of his successor. The company aims to finalize this search by early Q4 2021. The new CFO will focus on reviewing past audit challenges and enhancing financial operations. Steven McAuley, the CEO, expressed optimism regarding the recruitment process and its potential benefits for the company and its shareholders.

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Empower Clinics Inc. has announced a pilot program with Save-On-Foods to sell Kai Care At Home COVID-19 & Influenza A/B saliva test kits across select pharmacy locations in British Columbia. This initiative aims to enhance the accessibility of COVID-19 testing amid ongoing public health needs. The pilot's success could lead to expanded availability in more Save-On-Foods locations. Empower's CEO Steven McAuley emphasizes the partnership as a significant move toward improving public health safety as travel and daily activities resume.

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Empower Clinics Inc. (EPWCF) has filed its Annual Report on Form 20-F with the SEC, covering the fiscal year ended December 31, 2020. This filing is essential for foreign private issuers and ensures compliance with standardized reporting requirements. The report includes consolidated financial statements and key operational details. CEO Steven McAuley emphasized the importance of timely filings, highlighting a commitment to improve reporting practices. Empower Clinics focuses on integrated healthcare through clinics, telemedicine, and diagnostics.

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Empower Clinics Inc. has signed a non-binding term sheet to divest its cannabis businesses, focusing on its integrated healthcare operations. The agreement allows the Kleins to acquire 100% of various Sun Valley Health entities for $1,000,000 USD, payable in common shares of Empower. This divestment aims to attract new partners and facilitate clinic expansion and acquisition strategies. Completion of the transaction is contingent upon due diligence and necessary approvals, expected within 30 to 60 days.

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Empower Clinics Inc. (EPWCF) has partnered with Tabula Rasa HealthCare (TRHC) to enhance its COVID-19 and Influenza A/B At-Home Saliva Test Kit. The collaboration will utilize TRHC's MedWise HealthCare Call Centers, staffed with pharmacists and technicians, to assist users with testing inquiries, interpretation of results, and administration protocols. This initiative aims to improve consumer confidence and provide essential healthcare support as flu season approaches, particularly given the heightened concerns due to the Delta variant's transmissibility.

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FAQ

What is the market cap of EMPOWER CLINICS (EPWCF)?

The market cap of EMPOWER CLINICS (EPWCF) is approximately 25.4K.

What is EMPOWER CLINICS INC known for?

Empower Clinics is dedicated to helping individuals improve and protect their health through the use of medical marijuana.

What are the core services provided by Empower Clinics?

Empower offers multi-disciplinary clinics, a medical device company, and a clinical research site in Dallas, TX.

How many patients has Empower Clinics helped?

Since 1999, Empower has assisted over 200,000 patients across the United States.

What recent corporate updates has Empower Clinics announced?

Empower has revealed plans to consolidate shares, complete a private placement offering, and focus on healthcare AI for clinical trial patient recruitment.

EMPOWER CLINICS INC

OTC:EPWCF

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EPWCF Stock Data

25.36k
87.54M
Medical Care Facilities
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