Empower Clinics Inc EPWCF

Healthcare

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.

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Empower Clinics Inc > Clinics under construction

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Post by NuTrader17on Aug 11, 2021 8:15pm

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Clinics under construction

I'm going speculate that empower is currently paying rent on the 4 clinics under construction. Not sure what the rent per sq ft in those areas would be but I'm assuming it's not cheap in commercial zones. That's added to the burn rate for possibly q2 depending on when the buildouts started and for sure q3 with no income coming back from those "clinics". Anyone going to the AGM should ask if the other 4 leases are currently payable now or at a later date for example sept1, oct1 etc.

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