LevelJump Announces Acquisition of Pre-1954 Pharmacy Charter

Rhea-AI Summary

LevelJump Healthcare Corp. (TSXV: JUMP) announced the acquisition of a pre-1954 pharmacy charter for $1,900,000, enhancing its telehealth solutions. The purchase includes $1,800,000 in cash and 100,000 shares of JUMP preferred shares. The CEO, Mitch Geisler, anticipates integrating pharmacy services into the teleHospital portal to provide a comprehensive healthcare package to patients and boost revenues.

Positive

• Acquisition of a pre-1954 pharmacy charter for $1,900,000
• Includes $1,800,000 in cash and 100,000 shares of JUMP preferred shares
• Integration of pharmacy services into the teleHospital portal planned
• Expected launch of beta version of teleHospital portal in the third quarter of 2024

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - April 26, 2024) - LevelJump Healthcare Corp. (TSXV: JUMP) (OTC Pink: JMPHF) (FSE: 75J) ("LevelJump" or the "Company"), a Canadian leader in B2B telehealth solutions, is pleased to announce that it has entered an agreement to acquire a pre-1954 pharmacy charter corporation ("Pharmacy License").

The Company has agreed to purchase the Pharmacy License for $1,900,000, to be paid as $1,800,000 in cash and 100,000 shares of JUMP preferred shares. To date a deposit of $50,000 has been paid. Closing is targeted for the second quarter and is subject to funding and any necessary regulatory consents.

"We are very excited to acquire this license and be able to begin integrating pharmacy services into our teleHopsital portal." Mitch Geisler, CEO. "By integrating these services with our planned primary care services through teleHospital, and coupled with our diagnostic imaging services, we expect to be able to deliver a full health care package to all of our portal patients and increase the revenues and profitability of our new portal."

JUMP is expecting to be able to launch the beta version of teleHospital portal in the third quarter of 2024.

About LevelJump Healthcare
LevelJump Healthcare Corp., (TSXV: JUMP) provides telehealth solutions to client hospitals and imaging centers through its Teleradiology division, as well as in person radiology services through its Diagnostic Centers. JUMP focuses primarily on critical care for urgent and emergency patients, establishing integral relationships in the communities we serve.

ON BEHALF OF THE BOARD OF DIRECTORS OF
LEVELJUMP HEALTHCARE CORP.

Mitchell Geisler
Chief Executive Officer

Caitlin-Robyn Densmore
Business Development Manager
Caitlin.Densmore@leveljumphealthcare.com
(437) 214-1568

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, Canadian Teleradiology Services, Inc., their securities, or their respective financial or operating results (as applicable).

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207053

FAQ

What did LevelJump Healthcare Corp. acquire recently?

LevelJump Healthcare Corp. acquired a pre-1954 pharmacy charter

How much did LevelJump Healthcare Corp. pay for the acquisition?

LevelJump Healthcare Corp. paid $1,900,000 for the acquisition, including $1,800,000 in cash and 100,000 shares of JUMP preferred shares.

When is the closing of the acquisition expected to take place?

The closing of the acquisition is targeted for the second quarter of the year.

Who is the CEO of LevelJump Healthcare Corp.?

Mitch Geisler is the CEO of LevelJump Healthcare Corp.

When is the beta version of teleHospital portal expected to be launched?

The beta version of teleHospital portal is expected to be launched in the third quarter of 2024.