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Empower Clinics Inc 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.


GREY:EPWCF - Post by User

Post by Smokey1958on Feb 20, 2021 9:52am
399 Views
Post# 32618185

Agoracom Interview, Steve ....and the Future

Agoracom Interview, Steve ....and the Future

Thanks Gal for posting the URL for the latest interview. I had just finished watching it when I saw your post. For those that don't have the time here are some highlights ....not that there isn't a highlight almost daily.

* from Steve "a lot more coming, a lot more growth"

* already executing leases for the clinics
* the process....Steve feels their recruitment process for physicians and practioners is second to
   none
* the whole process is so streamlined it's just "rinse and repeat"
* annual revenue stream of $2.5 million to $4 million per clinic depending on the size of the clinic
* the rate of expansion is to have 30 clinics in 12 to 24 months
* from Steve's perspective $100 million in annual revenue from the 30 clinics
* the milestones of 10, 20 and then 30 clinics was forecasted BEFORE the Rexall deal 

* Steve's surprise at the incredible "secret" discovered during the due diligence for Kai Medical that
   they were actually a WORLD CLASS research facility that just didn't generate enough capital to
   build on the intellectual talent
* first shipment this week of Kai Saliva into Canada
* connection with Sheila Copps and MediPro for distribution
* Kai Medical is not just a covid test facility .....lots of growth here into multiple test devices

For what it's worth Morningstar's Fair Value sp for CBDT after market close yesterday is now over $2.00. While there may be a retraction early next week ...it's actually hard to imagine it now. I can't believe I'm going to say this but Empower is headed toward being a $ billion dollar company. 

Have a great weekend!!!

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