Pathway Health Corp V.PHC

Corporate Update on Pharmacy Initiative

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TORONTO, Dec. 8, 2021 /CNW/ - Pathway Health Corp. (TSXV: PHC) (formerly Colson Capital Corp.) ("Pathway" or the "Company") is pleased to provide an update on the progress of its pharmacy initiatives.

On December 7, 2021, Pathway Health announced its third major pharmacy agreement in 2021 with the signing of a Collaboration Agreement with Metro Ontario Pharmacies Limited, a subsidiary of Metro Inc. [TSX: MRU].  The Metro agreement pertains to the implementation of Pathway's Medical Cannabis Management System ("MCMS") in Metro Pharmacies and Food Basics Pharmacies across Ontario. 

"The Metro partnership is similar in many ways to the agreements we signed earlier this year with PharmaChoice and Sobeys," said Ken Yoon, CEO at Pathway.  "We believe these agreements reflect the pharmacy sector's recognition of a growing interest by patients and consumers in using cannabis-based products and services for a number of ailments including chronic pain, insomnia and anxiety. It's been 3 years since the legalization of recreational cannabis through retail stores in Canada and many are anticipating that the next step in the evolution of cannabis regulations will see pharmacies and pharmacists playing a central role in supporting patients interested in medical cannabis, including the distribution of cannabis-based products," said Yoon.