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Hydreight Technologies Inc. is a leading mobile clinical network and medical platform facilitating at-home medical services across 50 states in the United States. The company boasts over 3,000 nurses and 107 white-label locations that offer access to Tirzepatide for treating type 2 diabetes mellitus and obesity. Semaglutide orders have surged significantly, indicating a growing demand. Hydreight is at the forefront of addressing the global obesity epidemic, with projections pointing towards substantial market growth in the anti-obesity medications sector. The company's CEO, Shane Madden, envisions a promising future for chronic weight management, offering a wide range of potential health benefits. Furthermore, a recent partnership with Fairfax Partners Inc. is set to enhance the company's social media presence and marketing strategies.
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HYTN Innovations Inc. welcomed Health Canada's conduct of a Drug Establishment License (DEL) audit to expand its Good Manufacturing Practices (GMP) capabilities. The recent GMP certification for its Kelowna facility by Australia's TGA under the PIC/S standard will enhance HYTN's manufacturing capabilities, allowing for the development and sale of additional compounds and product variations. The Company aims to pursue expanded clinical and commercial opportunities, including IND submissions with the FDA.
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HYTN Innovations Inc. achieves GMP certification for its Kelowna production facility, positioning itself as a leader in the cannabis industry. The company plans to transform Canadian-grown cannabis into GMP-certified medical products for international markets, leveraging its regulatory compliance and supply chain capabilities. With a focus on global commercialization, HYTN aims to capitalize on the opening of Germany's medical cannabis market and expand its successful export footprint in Australia.
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Hydreight Technologies Inc. partners with American Frontline Nurses to enhance at-home medical services. The partnership aims to leverage American Frontline Nurses' network of over 26,000 nurses to expand Hydreight's platform and services, supporting improved health outcomes for patients.
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Hydreight Technologies Inc. partners with Ola Digital Health to provide health and wellness services in seven pharmacy locations across the United States. The partnership aims to improve patient care and leverage Hydreight's mobile clinical network and medical platform. Ola's 300-pharmacy network will be utilized for service bookings, with plans for expansion to over 1,000 locations. Phase I rollout in Tampa, Florida will offer IV drip therapy, NAD+, GLP-1, and other peptides through Hydreight's platform.
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Hydreight Technologies Inc. announces CEO Shane Madden joining the Founding Member Board of the American IV Association, aiming to enhance IV hydration therapy industry standards and representation.
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Hydreight Technologies Inc. has been invited to participate in Maxim Group's institutional Healthcare IT conference and AlphaNorth Capital Event. The company has achieved eight consecutive quarters of meaningful revenue growth and has provided a 2023 end of year review with strategic goals for 2024.
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Hydreight Technologies Inc. (TSXV:NURS)(OTCQB:HYDTF)(FSE:S06) achieved significant growth in 2023, with over 150% increase in patient services, 191% increase in pharmacy orders, and 216% increase in revenue. The company added over 1,500 nurses nationally, increased its footprint to over 650 cities, and grew its doctor network to over 100 doctors across all 50 states. Hydreight also added new products and services to its offering, including lab testing and blood tests. The company aims to achieve cash-flow positivity on a GAAP basis in H1 2024, focusing on meaningful revenue growth and overall margin expansion.
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Hydreight Technologies Inc. (TSXV:NURS)(OTCQB:HYDTF)(FSE:S06) is revolutionizing mobile medicine with an integrated approach, providing a platform that connects healthcare professionals and their patients with pharmacies in the United States. The company is excited to announce access to Semaglutide through the Hydreight platform, a significant step in shifting from preventative medicine to essential healthcare. By 2030, the global market for anti-obesity medications is projected to grow to $100 billion, with over half of the global population being overweight or obese by 2035.
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Hydreight Technologies Inc. (Hydreight) (TSXV:NURS)(OTCQB:HYDTF)(FSE:S06) expands its white label solution by adding a new national wellness med spa franchise, providing an integrated, turnkey platform for brick-and-mortar locations to offer in-person medical services. The company has secured two national med spa partners with almost 100 locations across the United States, charging licensing and percentage fees for access to its network and pharmacy. The new partner is a growing wellness med spa with multiple locations across the US, utilizing Hydreight's technology to provide IV drip therapy, aesthetics, NAD+, GLP-1s (semaglutide), peptides, and other treatments.
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Hydreight Technologies Inc. (NURS) reported record Q3 2023 topline revenue of $3.97 million, an increase of 172% compared to Q3 2022. YTD topline revenue was $12.06 million. The Company onboarded 318 nurses in Q3 2023, totaling 595 YTD. Hydreight expanded to 650 cities across 50 states in the US and was named one of Canada’s Companies to Watch. Q3 2023 GAAP revenue was $3.09 million. The Company's strategic priorities include scaling the business, driving organic growth, adding to product and service offering, increasing white label solution sales, and strategic tuck-in acquisitions.
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FAQ
What is the current stock price of HYDREIGHT TECHNOLGIES (HYDTF)?
The current stock price of HYDREIGHT TECHNOLGIES (HYDTF) is $1.491 as of February 4, 2025.
What is the market cap of HYDREIGHT TECHNOLGIES (HYDTF)?
The market cap of HYDREIGHT TECHNOLGIES (HYDTF) is approximately 68.5M.
What services does Hydreight Technologies Inc. offer?
Hydreight Technologies Inc. provides a mobile clinical network and medical platform for at-home medical services across 50 states in the United States.
What medications are available through the Hydreight platform?
Tirzepatide, an FDA-approved medicine for type 2 diabetes mellitus and obesity, is accessible through the Hydreight platform. The company also offers Semaglutide for chronic weight management.
How has Hydreight Technologies Inc. performed in the current year?
The company has experienced significant growth with a surge in Semaglutide orders, indicating a rising demand for its services.
What is the market outlook for anti-obesity medications?
The global market for anti-obesity medications is projected to grow substantially by 2030, offering vast opportunities for companies like Hydreight.
Who is Shane Madden, and what is his role at Hydreight Technologies Inc.?
Shane Madden is the Director and Chief Executive Officer of Hydreight Technologies Inc., leading the company towards continued success and growth.
What recent partnership has Hydreight Technologies Inc. entered into?
The company has partnered with Fairfax Partners Inc. for social media communication and marketing support, aiming to boost its online presence and outreach.
How many nurses and white-label locations does Hydreight Technologies Inc. operate with?
Hydreight Technologies Inc. has over 3,000 nurses and 107 white-label locations, providing extensive coverage for its medical services.
What is the focus of Hydreight Technologies Inc. for 2024?
The company's primary focus for 2024 is to sustain revenue growth, achieve profitability, and expand its shareholder base.
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