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Jack Nathan Medical Corp JNHMF


Primary Symbol: V.JNH

Jack Nathan Medical Corp. is a Canada-based omni-channel healthcare company. The Company is a provider of primary care medical clinics located in Walmart Supercenters under the Jack Nathan Health brand. It provides its medical services throughout Canada and Mexico. JNH has a diversified network of medical practitioners, and through its alliance with Walmart, it provides medical services through JNH Medical Clinics located inside Walmart Supercenters. It offers patient care through patient-centric physician, a variety of medical services, technology, and programs. Through JNH Medical Clinics, it offers family practice, walk-in and urgent care services, specialist health care services, dental, telemedicine and virtual nurse care, and more. It also provides health and wellness treatments through JNH Med Spa, and injury and health support programs through JNH Rehab. It operates over 77 clinics in Walmart locations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.


TSXV:JNH - Post by User

Comment by blackgold14on Mar 30, 2021 2:25pm
140 Views
Post# 32907198

RE:RE:RE:chart

RE:RE:RE:chart In this case, the float number is not the concern.  The cheap stock issued at 50 cents is the problem.  In October 2020, the stock traded millions of shares at the $2.50 level.  Now it's at $0.71 today.  Brutal decline in a matter of five months.  The dirt cheap stock issued at 50 cents is the main reason why we have seen the stock price decline.  The other reason is the poor initial financial results.  The listing expense of $7,904,500 was reported in the financial results for the 3 months and 9 months ended October 31, 2020.  It will show up again in the results for the year ended January 31, 2021.  This means that the company will report a massive loss again for its year end.  We haven't seen any earnings reported yet.  Since the year end results will be showing a big loss, the question of whether the company is showing any profits will be answered when the company reports its results for the first quarter of its current fiscal year.  That first quarter ends on April 30, 2021, and we should see the results coming out two months later - towards the end of June 2021.  So we are roughly three months away from seeing if the company can turn a profit.   Don't get me wrong.  The reason I'm on this board is that I am keen on the business model of the company, but management has a lot of work to do to turn things around so the company shows growth in revenues AND earnings.  We have a ways to go.  I see the price declining until June 2021 and hopefully levelling off if Q1 is decent. 
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