Jack Nathan Health Announces DTC Eligibility
Jack Nathan Medical Corp. (JNHMF) has achieved full-service DTC eligibility in the US, enhancing trading liquidity for its common shares. This change simplifies stock trading for US investors and is expected to increase trading volumes. The company operates a network of medical clinics within Walmart in Canada and Mexico, offering various healthcare services. CEO George Barakat noted the milestone is pivotal for attracting US investors and aligning with the company's mission to expand healthcare access.
- Achieved full-service DTC eligibility in the US, simplifying trading for US investors.
- Anticipated increase in stock trading volumes due to enhanced liquidity.
- Strong operational presence with 76 clinics in Canada and 17 in Mexico.
- None.
Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) (“Jack Nathan Health” “JNH” or the “Company”) is pleased to announce that its shares have received full-service DTC (Depository Trust Company) eligibility in the US. DTC eligibility is expected to simplify the process of trading and enhance liquidity for the Company’s common shares. As a result, US investors will now more easily be able to trade Jack Nathan Health’s OTCQB listed stock under the trading symbol JNHMF.
Securities eligible to be electronically cleared and settled through DTC are considered DTC eligible. DTC eligibility enables shares of Jack Nathan Health to be distributed, settled and serviced through DTC's automated processes, thereby taking advantage of the efficiencies created in the electronic method of clearing securities and the resulting cost benefits that DTC provides through accelerated settlement processes. Companies that are DTC eligible often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading.
"DTC eligibility is another milestone for Jack Nathan Health," said George Barakat, Chief Executive Officer of Jack Nathan Health. "We anticipate increased interest from US investors as DTC eligibility makes it easier to purchase our shares. This is another example of Jack Nathan Health moving forward on all fronts, as it works to build out a growing network of state-of-the-art medical clinics and ancillary services such as physiotherapy, Medispa and digital healthcare.”
Jack Nathan Health provides a wide range of accessible quality healthcare services through its medical clinics, located conveniently inside Walmart throughout Canada and Mexico, where it has 76 and 17 locations, respectively. With Jack Nathan Health, patients can take control of their own health with access to a growing list of healthcare services and qualified practitioners, including in-clinic appointments, family medicine, telemedicine, home healthcare monitoring, and more.
About Jack Nathan Medical Corp.
Jack Nathan Medical Corp., operating as Jack Nathan Health®, is one of Canada’s largest health care networks. Jack Nathan Health is an innovative health care company that is improving access for millions of patients by co-locating physician and ancillary medical services conveniently located inside Walmart® stores.
Jack Nathan Health provides an exceptional level of patient care, made possible through patient-centric physicians, a variety of medical services, technology, and programs, designed to put patients first. Our mission is to provide everyone access to the finest quality retail medical centres, with both in-clinic physicians and digital telemedicine, so you and your loved ones can “Live Your Best Life”.
Jack Nathan Health was established in 2006 and continues to expand its international footprint, delivering exceptional, state-of-the-art, turn-key medical centres in 76 Walmart locations across Canada including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec, as well as 17 locations in Mexico.
For more information, visit www.jacknathanhealth.com or www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to Jack Nathan are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties, and assumptions Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative and other judicial, regulatory, political and competitive developments; the economic and business impact of COVID-19 and operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.
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