KindlyMD(TM) Collaborates with Curaleaf to Expand Patient Education on Medical Cannabis Care in Utah
KindlyMD announced a strategic collaboration with Curaleaf to expand medical cannabis education in Utah. The partnership aims to offer holistic pain management and alternative therapies. Community care events will be held throughout the summer at Curaleaf's medical cannabis pharmacies in Lehi, Provo, and Payson. These events aim to educate patients on medical cannabis as a safer, more affordable option for pain management. KindlyMD's Complete Care program will be introduced, offering easier access to medical cannabis care. This initiative aligns with efforts to combat the opioid crisis and promote sustainable healthcare options.
- Strategic collaboration with Curaleaf enhances patient education on medical cannabis.
- Community care events in Lehi, Provo, and Payson to educate patients.
- KindlyMD's Complete Care program offers easier access to medical cannabis care.
- Aims to provide safer, more affordable healthcare options.
- Aligns with efforts to combat the opioid crisis.
- KindlyMD has provided care during over 60,000 patient visits in Utah.
- No direct sales or advertising of cannabis products by KindlyMD.
- Financial impact of the collaboration not specified.
- Potential regulatory risks associated with medical cannabis.
Insights
This collaboration between KindlyMD and Curaleaf reflects a broader trend in the healthcare industry towards integrating alternative therapies with traditional medical practices. The emphasis on education and community care events to increase patient awareness about medical cannabis is significant. It aligns with increasing patient demand for holistic and personalized treatment options, especially in pain management. The commitment to opioid crisis mitigation and safer alternatives like medical cannabis can potentially attract a larger patient base, enhancing KindlyMD's market positioning in Utah.
For retail investors, it's important to acknowledge that while this partnership could expand KindlyMD's reach and prestige, the effectiveness of educational events and subsequent patient conversions into long-term clients will be the determinants of financial success. Investors should monitor the outcomes of these events and any subsequent reports on patient engagement and satisfaction.
From a financial perspective, this collaboration signifies potential revenue growth for both KindlyMD and Curaleaf. Curaleaf's comprehensive product suite combined with KindlyMD's established presence in Utah's medical sector could drive consumer spending on medical cannabis products. Considering KindlyMD's track record of over 60,000 patient visits, the expanded educational efforts might translate to increased sales and higher market penetration.
Investors should note that while this strategic move is promising, the financial outcomes will depend on the actual uptake of medical cannabis products and the regulatory landscape surrounding cannabis in the U.S. Monitoring quarterly financial results post-collaboration will offer insights into whether these initiatives are translating into tangible revenue growth.
The legal landscape around medical cannabis continues to evolve in the United States. This collaboration comes at a critical juncture when the federal government is moving toward rescheduling cannabis as a legitimate medicine. This regulatory shift could provide a more favorable operating environment for KindlyMD and Curaleaf, potentially easing restrictions and expanding market opportunities.
Retail investors should understand that while the legal reclassification of cannabis could open new markets and revenue streams, it also carries inherent risks, such as changes in state laws and regulatory compliance costs. Close attention to legislative developments and compliance measures will be essential in assessing the long-term viability and profitability of this collaboration.
Community care events to be held throughout summer at Curaleaf's Lehi, Provo, and Payson, Utah Medical Cannabis Pharmacies
SALT LAKE CITY, UT / ACCESSWIRE / June 10, 2024 / KindlyMD, Inc. ("KindlyMD" or "the Company") (NASDAQ:KDLY), a patient-first healthcare and healthcare data company uniquely integrating traditional primary care and pain management strategies with integrated behavioral and alternative therapies, today announced a strategic collaboration with Curaleaf Holdings, Inc. (TSX:CURA)(OTCQX:CURLF) ("Curaleaf"), a leading international provider of consumer products in cannabis. Under the terms of the collaboration, KindlyMD and Curaleaf will work together to provide educational resources and information with a community perspective on holistic pain management and treatment. KindlyMD providers will introduce the KindlyMD Complete Care program, which will afford patients in Utah County and its surrounding areas the option to more easily access the medical cannabis care options offered by Curaleaf pharmacists.
"Our innovative collaboration with Curaleaf will provide more patients with access to pain management treatment options and alternative therapies, including, where appropriate, medical cannabis care in the state of Utah," said Tim Pickett, PA-C, Founder and CEO at KindlyMD. "Our Companies share a common goal in helping to combat our nation's opioid crisis and the negative impacts of addiction and overdose. As the United States government moves toward rescheduling cannabis as a legitimate medicine, this collaboration will help more patients find sustainable, safer, and more affordable healthcare treatment options."
To celebrate the launch of this collaboration, the Companies will co-host three charitable, community care events throughout the summer. These will be held at Curaleaf's Lehi Medical Cannabis Pharmacy location (3363 N Thanksgiving Way, Lehi, Utah) on Tuesday, June 25th, Curaleaf's Provo Medical Cannabis Pharmacy location (222 Draper Lane, Provo, Utah) on Tuesday, July 16th, and Curaleaf's Payson Medical Cannabis Pharmacy location (757 S 1040 W St, Payson, Utah) on Tuesday, August 6th.
Matt Darin, CEO of Curaleaf, said, "Through our relationship with KindlyMD, Curaleaf will continue to deliver on its mission to enhance lives by cultivating, sharing, and celebrating the power of the plant. We look forward to celebrating with the people of Utah at this unique event, and we're confident this collaboration will strengthen patient education on safe and reliable medical cannabis products in the state as part of patient healthcare treatment options."
KindlyMD is Utah's largest alternative pain treatment facility. In cases where opioids are needed, complete care plans ensure safe use, appropriate dosing, weaning plans, and behavioral health support to curb risk. KindlyMD is also one of the largest providers of medical evaluation and management services related to treatment recommendations within the medical cannabis program in Utah. As part of its patient-first approach, KindlyMD healthcare professionals provide patients with medical cannabis education and information to help patients decide whether medical cannabis may be a beneficial alternative treatment option for them. Patients retain complete discretion to obtain their own medical cannabis, and KindlyMD does not sell or advertise cannabis products. To date, KindlyMD has provided care during over 60,000 patient visits in its Utah clinics.
About KindlyMD
KindlyMD™️ is a patient-first healthcare and healthcare data company uniquely integrating traditional primary care and pain management strategies with integrated behavioral and alternative therapies to offer patients comprehensive care and reduce the addiction and dependency of opioid use in the U.S. KindlyMD currently operates four centers including the largest alternative pain treatment center in Utah. With a focus on holistic pain management through its specialty outpatient clinical services, including, where appropriate, the recommendation of medical cannabis by KindlyMD healthcare providers, KindlyMD is providing better patient health outcomes.
For more information, please visit www.kindlymd.com.
About Curaleaf Holdings
Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf") is a leading international provider of consumer products in cannabis with a mission to enhance lives by cultivating, sharing and celebrating the power of the plant. As a high-growth cannabis company known for quality, expertise and reliability, the Company and its brands, including Curaleaf, Select, Grassroots, JAMS, Find and Zero Proof provide industry-leading service, product selection and accessibility across the medical and adult use markets. Curaleaf International is the largest vertically integrated cannabis company in Europe with a unique supply and distribution network throughout the European market, bringing together pioneering science and research with cutting-edge cultivation, extraction and production. Curaleaf is listed on the Toronto Stock Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF. For more information, please visit https://ir.curaleaf.com.
Forward-Looking Statements
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes." These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" in KindlyMD, Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. KindlyMD, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law. The information which appears on our websites and our social media platforms, including, but not limited to, Instagram and Facebook, is not part of this press release.
Investor Relations Contact:
Valter Pinto, Managing Director
KCSA Strategic Communications
(212) 896-1254
kindlymd@kcsa.com
SOURCE: KindlyMD, Inc
View the original press release on accesswire.com
FAQ
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