Avricore Health hits 600 stores! 400% Revenue growth If you haven't heard about Avricore Health and their signature product HealthTab you will soon! This sleeping giant is still under most investors radars.
Avricore Health - AVCR.V has a new product called HealthTab. This system interlinks all the data throughout all the HealthTab units to pharmacies that own them. $250/mth per unit.
It is currently sitting in 600 Shoppers Drug Mart Stores and will be sitting in 800 by year end. By the end of Q1-2024 they will be in ALL the Shoppers Drug Mart stores. Revenues from the machines alone will be $4million PLUS 30% revenues on each and every test sold!, plus the UK market(Read up on it!), plus… Basically in 12months they will be sitting close, if not more then their current market cap in revenue alone.
Avricore Health has just entered the UK market for a feasibility study. The UK market has 12,000 pharmacies, and even at only $250CDN/mth the potential for massive returns in the next 5 years is HUGE.
People also shout about “Theranos!” I’m 100% sure that Shoppers Drug Mart and Abotts went though the data on Avricore with a fine tooth comb before ever doing business with them. Let’s also not forget that Theranos was a multi $BILLION company. Avricore market cap today ($15MILLION) It also indicates that the market is there and the potential for 100x returns is possible in 10years.
Avricore Health - AVCR.V upcoming catalysts in the next 6months are massive.
High likelihood of signing up other pharmacy chains(Walmart maybe) to their HealthTab system.
They just added a person to their board of directors -
“ Thomas W. Teahen - Mr. Teahen served as president and CEO of the Ontario Workplace Safety and Insurance Board 2015-2021. He also served as chief of staff to the Ontario Minister of Labour, Minister of Education and to the Office of the Premier of Ontario during the period 2005 - 2015. Prior to that Mr. Teahen practiced law in the areas of labour and employment law, civil litigation and administrative law. Mr. Teahen currently serves as the Senior Vice President Advanced Fuels for Greenfield Global.”
This guy is the person pushing to have this approved under your work health plans and quite possibly covered under the provincial health plans. There is already a pilot program in Nova Scotia where it is covered under that provinces health plan.
The insurance industry saves money when high cholesterol or pre-diabetics are caught early. Provincial health saves money by saving time and catching these issues early. It only make sense that this becomes covered under private and public health plans in time.
Personally - this is the way of the future. With rural areas lacking family physicians and a lot of doctors overworked there is a massive need for this type of system. A simple pre-screening system where people can get their cholesterol trygliseride levels checked and get tested to see if they are pre-diabetic, not to mention tested for Covid and strep throat. 10minutes for results. If positive, THEN you would book a doctors appointment to review results. It really is that simple. It also takes a load off of family doctors.
I’ll leave you to your due diligence. But anyone who casually dismisses this or doesn’t at least ADD AVCR.V to their WATCHLIST is really missing out on investing in a rapidly growing company(0stores to 600 year over year. 600 to 1800 in the next 12mths) This is literally the way things will be done in the next few years.