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Empower Clinics Inc. C.EPW

Alternate Symbol(s):  EPWCF

Empower Clinics Inc. is a Canada-based integrated healthcare and medical device company with multi-disciplinary clinics. The Company provides body and mind wellness for patients through its medical clinics, digital and telemedicine care, medical diagnostics laboratories, and sale of medical devices. Its segments include Health & Wellness, comprising clinic operations, patient visits, and telemedicine services; Diagnostics & Technology, comprising the diagnostic testing services provided by Kai Medical, and the sale of medical equipment by Kai Medical Canada Corp. and MediSure; and Corporate. It is focused on offering clinical trial services, such as clinical trial design, patient recruitment, data management and regulatory compliance for the pharmaceutical, biotechnology and medical device industries. It has two clinical research sites in Dallas, Texas, becoming a site management organization (SMO) with six principal investigators (PI) with multiple clinical trials under application.


CSE:EPW - Post by User

Post by inviolablspiriton Jul 14, 2021 5:34am
194 Views
Post# 33540932

Just to add to my last comment

Just to add to my last commentSo if you read my last comment then you should understand the $25 million fair value loss can be ignored, as it's just part of the way the Black-Scholes option pricing model works.  Again, the proceeds from those warrants actually becomes an asset, as it is used to grow and expand the company.  30 + clinics at $2 - $3 million a year = $60 - $90 million/year.  I would definitley say that is a great use of the cash from those warrants.

So if you really want to look at how the company is fairing at the momment look at the revenue of $2 036 700 and the losses/expenses of $744 053 (clinic expenses) and $1 403 181 (operations loss) = $2 147 234.  As you can see Steve has brought this company to a break even and will soon be moving on to being profitable once those clincs are added to the revenue.  

The Q1 financials is certainly not what people think it is and in fact the results are actually pretty good if you understand what you're looking at.  It shows the company has continued to move upward and is in a great position just as Steve has said in his interviews.   He hasn't lied, you're just not understanding the numbers.   
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