Empower Clinics Inc. C.EPW

Empower concerns - Ha, Ha, Ha!

[inviolablspirit]

Empower continues to roll along at an impressive speed, made even more impressive given the current world situation.  Clearly there are new investors that lack due diligence and the understanding that covid has played a major role in slowing down a variety of business transactions everywhere.

What Steve has accomplished so far with this company since taking over is next to amazing.  You would be hard pressed to find other companies that have expanded as quickly as Empower has, given its early contraints and the covid situation.  You have a CEO that has had quarter over quarter and year over year increases of 300%, 400% and 500%, while making strategic aquistions, expansions, partnerships and wiping out a debt.  All this in about two years!!!  We have yet to see the full affect or even a small affect of some of these partnerships, aquisitions, expansions or the money raised through the warrants.  

Steve mentions growth of about 30 clincis by the end of the year in Canada and then announces not long after the addition of three clincis followed by a very recent interview where he just mentioned 6-7 new clinics that have already been decided upon and currently in lease negotiations.  That's 1/3 of the 30 clinics already announced or in lease negotiations within the first quarter and we have a bunch of dough heads with "concerns" - really?   Steve still not working fast enough durnig a pandemic for you guys?  

Steve is very methodical and careful when it comes to putting together deals and in the use of funds available.  Steve doesn't go on unnecessary spending sprees or makes irrational deals and partnerships.  Everything is thought out carefully and with due diligence.  And if it looks like Steve has overpaid for an aquisition, you can be assured he's done his math to know that he hasn't.  He may need to pay a little bit more than he wants in a situation due time factors, but he has said time and time again that he won't make an aquisition if it doesn't make financial sense to the bottomline.  And if some of the partnerships don't seem to be adding any current value to the company, in most cases if not all, it's simply not in Steve's hands.  There are certain factors he just does not control.  He may have the foresight to make a partnership with other companies to solve many of the issues we face today, but if governments don't allow certain industries to proceed there's not much he can do about that, but be ready if called upon.  

Steve recently mentioned that they have had a tremendous amount of deal flow come their way.  He expects to grow organically, but also through aquisitions or partnerships that can make explosive change.  When Steve does put the money that was raised to work, he expects to get a minimum of 4 to 10x back on his investment.   Kai labs is a great example of that and I remember a few naysayers complaining that they just added more debt with a cheap lab addition. Either they were clueless or just trying to put a negative spin on great news.  The value that Kai Labs has added to this company has even been beyond Steve's expectations.  I think that says a lot considering Steve has and/or sets high standards.   

The best part of this company is that it is not a one trick pony.  They have a variety of sources of revenue and covid is simply a bonus revenue that helps to fuel expansion, unlike other companies out there where covid is their ONLY source of revenue generated.  General clinic visits overall have decreased during the pandemic in the healthcare sector, so when covid eventually subsides Empower with continue to outpace people's expectations because clinic visits with once again return to higher numbers.  In otherwords, it is a win-win scenario for Empower.  They will make additional money during covid and they will make additional money after covid.  

If you don't feel like your money is fairly safe with this guy leading the company or moving fast enough during a pandemic and you have multiple "concerns", than I'm not sure where you'll feel comfortable placing your money in regards to junior companies.   Steve continues to follow through on his plans and has yet to disappoint.  Unless I see multiple failures on Steve's part that are solely based on poor decision making than I have no concerns being invested in this company.  And the realitly of this, is that there has yet to be anything that has been a cause for concern in anything that Steve has done in building a company during a pandemic.

[1Hornet]

Very well written post. Intelligent, consice, informative  and to the point. Ill give you a thumbs up for this. less the personal jab and the over the top praise of the CEO but all in all the best post I've read on the company so far. Thank you

[inviolablspirit]

I appreciate the response and I can understand how someone can view my praise for the CEO as being "over the top", but I am also guessing that only one of us has had several one-on-one conversations with the CEO.   If you get the opportunity, I think you will realize very quickly that there are very few CEO's in the same class as Steve.  He has literally delivered on

[Outlander1]

New poster, not new investor. I have absolutely zero concern this company will continue to grow exponentially. I have also touched on most of your points in the last couple of weeks. I haven't had the opportunity to speak with Steve, however he certainly inspires confidence in his interviews. As far as the share price is concerned, barring any outside events, there is little downside risk imo.

[Aires1]

I really hope you are right Outlander1 , however it looks like we are again stuck in a yo yo up and down cycle. even after great news a few days age. uggg

[Outlander1]

Hang in there, still early days, health care definitely isn't going to decline and Cbdt is just starting to gain momentum. 

[jjnard26]

I really hope you are right Outlander1 , however it looks like we are again stuck in a yo yo up and down cycle. even after great news a few days age. uggg 1:16pm 67¢

[Outlander1]

Not sure if minute by minute price classifies as investing.