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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 7Twiggyon May 08, 2021 9:51am
149 Views
Post# 33159496

I can see a few milestones coming soon.

I can see a few milestones coming soon.Listened to the video.  I get the impression things are pretty well on plan.  Looks like 
McAuley is pretty tight fisted with the company money. He more or less admitted this when he mentioned the accounting department needed extra resources.  They most likely have been telling
him that for awhile. Not sure how long the CFO has been with Empower, but will have to check out
his/her background. The stock has been treading water for some time and I don't think we will see
a big jump until the locations of those Southern Ontario locations are announced and we have some sense of where the next batch are coming. Surprised their have been no leaks of others sites, because they must be talking to tons of Doctors. Might also see some movement when those KIA tests hit retail shelves in Canada.  My guess the contract signings are more of a slow down than lumber shortages.  Think it was the interviewer that suggested lumber could be slowing things down.  From my understanding most of the new facilites are in buildings already existing and 
the majority of work is building appropriate office space.  That type of work can be done very 
quickly.  I have already seen construction crews finalize a large office space area with a couple of offices and board room in a little over a week.  Mostly involves putting up panels, false ceilings and wiring. The next few weeks should be interesting.particularly if they get the financials in order.  Agra has invested a significant amount in Empower.  They also missed they financials, but it only took them a few days to finalize. 
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