MINDCURE Announces Financial Results for Fiscal 2022
On September 13, 2022, Mind Cure Health (CSE: MCUR, OTCQX: MCURF) announced its financial results for the year ending May 31, 2022. The company reported a strong cash position while undergoing a strategic review to evaluate various options for its future. The board is exploring alternatives that align with shareholder interests. Financial statements can be accessed on SEDAR. The company highlighted potential risks affecting its future performance, emphasizing the unpredictability of external factors and the necessity of careful management in navigating challenges.
- Strong cash position reported as of May 31, 2022.
- Ongoing strategic review process aims to enhance shareholder value.
- Uncertainty regarding the impact of COVID-19 on operations and financial performance.
- Risks associated with strategic alternatives that could lead to unanticipated expenses.
VANCOUVER, BC, Sept. 13, 2022 /PRNewswire/ - Mind Cure Health Inc. (CSE: MCUR) (OTCQX: MCURF) (FRA: 6MH) ("MINDCURE" or the "Company") today announced its financial results for the three and twelve months ended May 31, 2022. All amounts are stated in Canadian dollars unless otherwise indicated.
The special committee of the Company's board of directors is continuing to explore, review and evaluate a broad range of strategic alternatives with its strategic review process. The Company's cash position and balance sheet remain strong and the Company looks forward to finding the best path forward for all shareholders.
A copy of the Company's financial statements for the three and twelve months ended May 31, 2022 and the related management's discussion and analysis are available under the Company's profile on SEDAR at www.sedar.com.
On Behalf of the Board of Directors
Philip Tapley, Interim CEO
SOURCE: Mind Cure Health Inc.
Forward-looking information is based on a number of key expectations and assumptions made by management of MINDCURE, including, without limitation: the considerations and outcome of the strategic review process and cost-saving measures; COVID-19 pandemic impact on the Canadian economy and the Company's business, and the extent and duration of such impact; no change to laws or regulations that negatively affect the Company's business; no unanticipated expenses, costs or detrimental consequences of the Strategic Review Process or cost-savings measures will arise; availability of additional capital required to execute the Company's business plan; the lack of necessity of further developmental expenditures related to the Company's business plan with respect to the execution of strategic alternatives for the Company; the ability to preserve the value of the Company's assets, including its public company status with Canadian securities regulators; and the ultimate availability of any strategic alternatives for the Company.
Forward-looking information is provided for the purpose of presenting information the Company's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information inherently entails known and unknown risks and uncertainties about the future and actual results and involves significant risks and uncertainties and should not be read as a guarantee of future performance or results as actual results may differ materially from those expressed or implied in such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those described in forward-looking information presented, there may be other factors that cause results, performance or achievements to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements as no forward-looking information can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events, or otherwise.
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SOURCE Mind Cure Health Inc.
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