REVITALIST LIFESTYLE WLNS - RVLWF STOCK NEWS

Revitalist Lifestyle and Wellness Ltd. (OTCQB: RVLWF) is expanding its mental health services for Veterans through funding from the Veterans Health Administration (VHA). The company reports a remarkable 300% month-over-month growth in Veterans seeking care. With plans to establish over 100 new locations nationwide, Revitalist aims to address the mental health needs of the estimated 13.5 million Veterans who are not currently utilizing their benefits. The VHA budget exceeds $80 billion, presenting a significant market opportunity for the company.

Revitalist Lifestyle and Wellness Ltd. (CSE: CALM, OTCQB: RVLWF) announces strategic growth opportunities in the psychedelic wellness sector. CEO Kathryn Walker highlights the company’s expansion following board member resignations, including Patrick Gray and Aaron Bowden, effective August 18, 2022. New board members Corby Marshall and Kevin Murray bring extensive experience in leadership and finance, respectively. This restructuring aims to enhance Revitalist's mission, particularly in veteran wellness and diversified revenue generation.

Revitalist Lifestyle and Wellness Ltd. (CSE: CALM, OTCQB: RVLWF) has entered into a licensing partnership with Awakn Life Sciences Corp. (NEO: AWKN, OTCQB: AWKNF) to implement the KARE® protocol for treating Alcohol Use Disorder. Awakn's ketamine-assisted therapy demonstrates significant improvements over current treatment standards, achieving an 86% abstinence rate in post-treatment trials. Revitalist will incur an annual licensing fee and share revenue from services. The U.S. alcohol treatment industry, worth over $30B, faces high relapse rates, which this partnership aims to address.

Revitalist Lifestyle and Wellness Ltd. has successfully closed the second tranche of its private placement offering, raising a total of $3,944,000. This brings the total funds raised since inception to over $15.2 million, enabling the company to enhance operations and improve mental health services nationwide. Each of the 3,944 convertible note units issued includes $1,000 in principal amount and 3,500 detachable common share purchase warrants. The net proceeds will be allocated for working capital purposes.

Revitalist Lifestyle and Wellness Ltd. (CSE: CALM, OTCQB: RVLWF) reported a remarkable 626% year-over-year revenue growth for Q1 2022, totaling $1,081,541. This surge is attributed to an increase in patient visits, exceeding 400% with a total of 3,120 visits. With the opening of two new clinics, the total has grown to nine. However, net cash used in operations reached $2.06$1.3$3.87

Revitalist Lifestyle and Wellness Ltd. (OTCQB: RVLWF) reported a spectacular revenue growth of 319% year-over-year for April 2022, reaching approximately $480,000 CAD. Additionally, the company announced partnerships with over 80 medical providers, facilitating in-network insurance coverage with major plans, enhancing consumer financial security. Revitalist is set to present research findings on ketamine treatment at the American Psychiatric Nursing Association’s National Conference. CEO Kathryn Walker emphasized strong company performance amid market challenges and the successful closure of a $3,869,000 financing tranche.

Revitalist Lifestyle and Wellness Ltd. (OTCQB: RVLWF) reported significant growth for the year ended December 31, 2021. The company raised over $11 million and increased patient visits by 128%, totaling over 5,000 visits. Sales surged 110% to $2,067,456. Revitalist expanded operations by opening 9 clinics and launching new service lines, including Mental Health Coaching. With cash reserves of $3.9 million, the company plans further expansion and development in the psychedelic wellness sector. CEO Kathryn Walker highlights the firm's growth as a foundation for future initiatives.

Revitalist Lifestyle and Wellness Ltd. (CSE: CALM, OTCQB: RVLWF) reported a remarkable 466% year-over-year increase in patient visits for March 2022, marking the 14th consecutive month of growth. The Company operates 9 clinics across 6 states, with the majority opened in Q3 and Q4 2021. CEO Kathryn Walker expressed optimism for continued expansion as clinics mature. Additionally, Revitalist granted 75,000 stock options to employees at $0.09 per share.

Revitalist Lifestyle and Wellness Ltd. has successfully closed an initial tranche of its private placement offering, raising $3,869,000. Notably, CEO Kathryn Walker personally invested $2,332,000 in the offering and waived interest on $1,915,000 in convertible notes. The offering includes 3,869 convertible note units at a subscription price of $1,000 per unit, with each note convertible into common shares at a price of $0.15. Proceeds will be used for working capital purposes.