JACK NATHAN MED CORP - JNHMF STOCK NEWS

Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) reported Q2 FY2023 revenues of $3.6 million, an 87% increase compared to Q2 FY2022. Clinic operations revenue surged 198%, driven by growth from recently acquired clinics. For the six months ended July 31, 2022, total revenues reached $7.5 million, reflecting a 135% increase. The company achieved a significant reduction in net loss before income taxes to (2.66 million) from (3.5 million) year-over-year. Operating expenses rose to $10.1 million due to expanded clinic operations.

Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) has entered a loan agreement with Walmart Canada to establish a new revolving credit facility of up to CAD$2,000,000. The Loan, maturing within six months, will accrue interest at 7% per annum and is intended for the company's general working capital. Jack Nathan Health operates numerous clinics within Walmart stores across Canada and Mexico, providing accessible healthcare services.

Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) announced the departure of CFO David Berman, effective September 19, 2022. The company appointed Spence Walker as interim CFO, bringing over 15 years of experience in advisory roles for emerging growth companies. Walker's expertise in financial strategy is expected to support JNH's growth objectives. Jack Nathan Health operates a significant healthcare network in Canada and Mexico, providing access to medical services through Walmart Canada locations.

Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) reported significant growth in its Q1-Fiscal 2023 financial results, with total revenues increasing by 207% year-over-year to $3,893,322. The clinic operations revenue surged 632% to $3,145,191, attributed to recent acquisitions and easing pandemic restrictions. Despite a narrowed operating loss of $1,258,176, total operating expenses rose to $5,151,498. The company aims to expand its footprint with a new financing arrangement with Walmart Canada and plans to open up to 13 new clinics in 2022.

Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) reported Q4 FY2022 revenues of $4.0 million, a significant increase of 461% from Q4 FY2021. For the fiscal year, total revenues reached $9.6 million, up 150% year-over-year. The Company acquired 5 profitable clinics in British Columbia, estimated to generate annual revenues of $5 million. However, operating expenses rose sharply to $5.99 million in Q4, leading to a loss from operations of $1.97 million. Despite challenges, the Company anticipates continued growth in 2022 through clinic expansion.

Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) has announced a new Credit Facility and licensed locations aimed at expanding its network of medical clinics across Canada, particularly within Walmart Canada stores. The agreement will finance the construction of eleven new clinics slated for 2022, with plans for further expansion. This strategic partnership emphasizes the commitment to enhancing healthcare accessibility for millions of Canadians. Jack Nathan currently operates 76 clinics in Walmart, tapping into Walmart's extensive network of 402 stores.

Jack Nathan Medical Corp. (JNHMF) reported Q3 fiscal 2022 revenues of $2.4 million, up 143% year-over-year. The company expanded its footprint to over 190 medical clinics, a 130% increase from the previous year. Despite significant growth, operating expenses rose to $4.5 million, leading to a loss of $2.1 million from operations. Following a strategic change, JNH is consolidating its clinic operations in Mexico from 115 to 78 locations, aiming for improved profitability. The company holds $2.7 million in cash and plans to leverage recent acquisitions for continued growth.

Jack Nathan Health is set to engage with investors through a live presentation on VirtualInvestorConferences.com on December 16, 2021, at 1:30 PM ET. CEO Dr. Glenn Copeland and CFO David Berman will share insights about the company's healthcare network, which operates primary care clinics in Walmart stores across Canada and Mexico. Investors can participate in real-time Q&A and access an archived version post-event. Jack Nathan Health aims to improve medical access through their innovative clinic model.

Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) has announced the appointment of Marcy Herriman as the new Chief Operating Officer (COO), effective immediately. Herriman, who joined the company in 2020 as Vice President of Clinic Operations, has extensive experience in medical operations and business development. Dr. Glenn Copeland, CEO, expressed confidence in her leadership and contributions to the company's expansion. Under her guidance, Jack Nathan Health aims to strengthen its presence and services in Canada and Mexico, positioned for growth despite the challenges posed by the COVID-19 pandemic.