JACK NATHAN MED CORP - JNHMF STOCK NEWS

Jack Nathan Health announced unaudited financial results for Q2 fiscal 2024, with revenues increasing by 26% to $4.57M and net losses reduced by 12.3% compared to last year. The company closed an $8M convertible debenture financing with Walmart, demonstrating confidence in the management team and commitment to accessible healthcare. Clinic operations revenues accounted for 86% of total revenues, expected to increase with the opening of additional clinics. Cash increased to $7.24M and total assets reached $12.57M.

Jack Nathan Medical Corp. appoints Bharat Choudhary as new permanent CFO, effective September 22, 2023.

Jack Nathan Medical Corp. (TSXV: "JNH"; OTCQB: "JNHMF") announced that all matters voted at the annual general meeting on December 23, 2022, were approved by shareholders. All nominees for the board of directors were elected with strong support, receiving over 97% approval. Key resolutions included the reappointment of MNP LLP as auditors and amendments to the Omnibus Equity Incentive Plan, allowing grants of restricted stock units to executives. The company operates extensive healthcare networks in Canada and Mexico, enhancing patient access through clinics in Walmart locations.

Jack Nathan Medical Corp. (JNHMF) reported a 77% increase in Q3 fiscal 2023 revenues, totaling $4.2 million, compared to Q3 fiscal 2022. For the nine months ending October 31, 2022, revenues reached $11.8 million, marking a 110% growth year-over-year. Operating losses decreased from $1.5 million in Q2 to $0.9 million in Q3. Clinic operations generated 79% of revenues, reflecting successful acquisitions and reduced COVID-19 restrictions. As of October 31, 2022, JNH's cash position improved to $1.6 million, with total assets at $8.5 million and liabilities at $7.5 million.

Jack Nathan Medical Corp. (TSXV: JNH; OTCQB: JNHMF) has adjourned its annual and special meeting of shareholders (AGM) to December 23, 2022, at 1:30 p.m. Toronto time. The meeting will now be held in person at Dickinson Wright LLP, allowing shareholders to better comply with the Company’s advance notice by-law, which has extended the notice period to December 12, 2022. Jack Nathan Health operates as a significant healthcare network in Canada, providing convenient access to medical services within Walmart locations.