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Mitesco, Inc. (symbol: MITI) is a development stage company dedicated to consolidating businesses within the compound pharmacy industry, serving human and veterinary markets. Beginning its operations in the Southeast, Mitesco aims to acquire compounders across the United States that align with its mission and vision. The company is committed to unlocking the potential of the compounding pharmacy sector to improve both human and animal health, meet unmet patient needs, enhance the dignity of skilled pharmacists, and build shareholder value through providing quality, cost-effective, and innovative healthcare products and pharmaceuticals worldwide.
Mission: To unlock the potential of the compounding pharmacy industry, improve health outcomes, and provide innovative healthcare solutions while building shareholder value.
Vision: To be globally recognized for best practices in quality, efficiency, and sustainability within the compounding pharmaceutical industry.
Recent Achievements & Current Projects:
- Full compliance with reporting requirements, including the completion of the Annual Report on Form 10-K.
- Engagement of Accell Group as their auditor to support compliance and review records effectively.
- Institutional investors' continued support through 12-month notes to secure funding needs.
- Ongoing evaluation of the company's capital structure to support both historical and new investors.
- Formation of a new Advisory Board to assist in evaluating potential acquisition candidates, including both private and publicly held entities.
- Strategic focus on technology, service, and product business candidates, with a view towards distributing dividends to shareholders from spin-outs.
Financial Condition: Mitesco is actively managing its financial structure, including the termination of a prior stock option program, cancellation of a reverse stock split, and adjustment of restricted stock dividends to protect common stockholders' interests.
Partnerships: Collaboration with Accell Group and support from institutional investors have been crucial in advancing Mitesco's key initiatives and compliance activities.
Future Prospects: With a strategy focused on both organic and acquisition growth, Mitesco aims to leverage its expertise in startups and turnarounds to create successful growth situations. The company is also exploring new initiatives in the data center market and cyber security services, intending to enter commercial, governmental, and utility markets.
Conclusion: Mitesco's dedication to providing high-quality, accessible, and affordable healthcare solutions underscores its potential to become a leading player in the compounding pharmacy industry. By focusing on quality, efficiency, and sustainability, Mitesco is positioned for long-term growth and shareholder value creation.
Mitesco, Inc. (OTCQB: MITI) has appointed Ms. Jessica Finnegan as Vice President of Human Resources. Finnegan brings over two decades of global HR experience, previously serving as Chief Human Resources Officer at MKS2 Technologies, where she managed HR for employees across 49 states. Her extensive background includes high-level positions in organizations like Global Aerospace Logistics and the US Department of Defense. CEO Larry Diamond emphasized her role as crucial for the company’s growth, especially as Mitesco expands its clinic operations and prepares for a Nasdaq uplisting.
Mitesco, Inc. (OTCQB: MITI) will host a shareholder update meeting on November 22, 2021, at 11:30 a.m. ET. CEO Larry Diamond will present the company's growth plans, market opportunities, and progress. Participants can join via webcast or dial-in. The event aims to provide insights into Mitesco's innovative approach to healthcare through personalized wellness clinics. The company emphasizes accessible, high-quality, and affordable healthcare solutions through its subsidiary, The Good Clinic, and future European operations under Acelerar Healthcare Holdings Limited.
Mitesco, Inc. (OTCQB: MITI), a wellness clinic operator, reports significant progress in expanding its network of The Good Clinic™ locations. The company opened three clinics in Minneapolis and plans to operate eight by spring 2022, aiming for 50 clinics by the end of 2023. Mitesco has secured necessary funding from institutional investors and management, reflecting strong commitment to growth. However, revenue generation has been slow, though increasing client traffic and insurance partnerships are expected to boost earnings in the future.
Mitesco, Inc. (OTCQB: MITI) has unveiled a series of informational video interviews showcasing its leadership team from The Good Clinic, LLC. The initiative aims to educate current and potential investors about Mitesco’s patient-focused healthcare model and the integration of technology in primary care.
CEO Larry Diamond highlighted that increasing inquiries from investors prompted this proactive approach to enhance communication. The initial video features insights from Board Chair Tom Brodmerkel and leadership members Michael Howe and Brad Case.
Mitesco, Inc. (OTCQB: MITI) has announced the lease of its sixth wellness clinic site in Eagan, Minnesota, near the new Minnesota Vikings training facility. CEO Larry Diamond highlighted the strategic location's potential to attract a new client base due to the area's growth in residential developments. Eagan, a thriving city with over 67,000 residents, boasts a robust business environment, making it an ideal choice for Mitesco's expansion. The company continues to build a network of clinics focusing on personalized care and enhanced accessibility.
Mitesco, Inc. (OTCQB: MITI) has secured a lease for its fifth Twin Cities Good Clinic™ location in Maple Grove, a rapidly growing area in Minnesota. This clinic is part of the company’s expansion strategy to open a total of seven clinics in the Minneapolis–Saint Paul and Denver areas by the end of 2021. The Maple Grove site is ideally located near communities with a high concentration of potential patients. The Good Clinic aims to enhance healthcare accessibility through technology and personalized care.
Mitesco, Inc. (OTCQB: MITI) has announced the signing of a lease for its second Denver location of The Good Clinic, situated at The Quincy in Downtown Denver. This expansion aims to establish a long-term client base in a rapidly growing labor market. The new location, expected to operate by Q1 2022, will complement Mitesco's growth strategy alongside its existing Minneapolis site. The Quincy features luxury apartments and retail space, enhancing the clinic's visibility and accessibility in the region.
Mitesco, Inc. (OTCQB: MITI) announced the opening of its third The Good Clinic location in St. Louis Park, Minnesota, enhancing whole-person healthcare in the area. CEO Larry Diamond emphasized the community's diverse population and valuable resources as key reasons for the clinic's establishment. The new site is part of a network expansion, following the recent openings in Northeast Minneapolis and Eden Prairie. Mitesco plans to further extend operations in Minnesota and Colorado, aiming to provide tech-forward healthcare services with nurse practitioners as primary providers.
Mitesco, Inc. (OTCQB: MITI), a wellness clinic operator, will be presenting at the Benzinga Healthcare Small Cap Conference on September 30, 2021. CEO Larry Diamond is scheduled to deliver a presentation at 4:00 PM ET and will hold one-on-one meetings. Mitesco focuses on expanding The Good Clinic, a network utilizing telehealth technology with nurse practitioners as primary providers, starting in Minneapolis and aiming for nationwide growth. Additionally, Acelerar Healthcare Holdings, based in Dublin, will support future European operations.
Mitesco, Inc. (OTCQB: MITI) has signed leases for its fourth Good Clinic location in St. Paul, MN, and its first in Denver, CO. CEO Larry Diamond emphasized the focus on total wellness and personalized healthcare experiences. The new locations are strategically chosen for convenience and community engagement. The Grove development in St. Paul is highly rated, while the Citizen 10 complex in Denver emphasizes city living with various amenities. The Good Clinic aims to leverage telehealth technology, beginning in Minneapolis and planning nationwide expansion.
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