News Press Releases

Jack Nathan Medical Commences Trading on the TSX-Venture Exchange

V.JNH | October 6, 2020

JACK-NATHAN-MEDICAL

--Company Delivering High Quality, Convenient Primary Care to the Heart of Communities--

Jack Nathan Medical Corp. (TSXV: JNH) ("Jack Nathan Health" or the "Company"), a provider of primary care medical clinics located in Walmart ® Supercentres under the Jack Nathan Health ® brand, today announced that its shares have commenced trading on the TSX-Venture Exchange. The Company also provided an operational and corporate update.

“Jack Nathan Health’s goal is to help patients access high-quality primary care in the communities where they live and work,” said Mike Marchelletta, President of Jack Nathan Health. With our listing on the TSX Venture Exchange, we are now well positioned to embark on our next phase of growth.”

George Barakat, CEO of Jack Nathan Health, added, “By focusing on expanding ancillary and specialist medical services and digital offerings, Jack Nathan Health believes there are multiple opportunities to grow the business both in Canada and internationally, by leveraging our growing physical clinic footprint conveniently located within Walmart Stores.”

Jack Nathan Health’s strategy to improve patient outcomes and grow the business is based on:

Opening new clinics, with a near-term focus on the Canadian and Mexican markets;
Longer-term focus on international expansion;
Expanding and operating additional ancillary and specialist medical services; and
Supplementing more than 80 “bricks and mortar” locations with digital and telemedicine initiatives designed to further improve patient engagement and care, while supporting additional revenue streams.

New Clinic Openings

Jack Nathan Health recently opened a new multi-disciplinary medical centre in Kelowna, BC and expects to open a second one in Thornhill, ON this month. Multi-disciplinary medical centres are designed to offer a broader range of allied health services affording patients “one-stop” convenience and a more wholistic approach to their overall care. These larger new format clinics are intended to offer a broader range of services such as: physiotherapy, chiropractic, foot care, weight loss, dietician, diagnostic and lab services, all under one roof. With these openings, the Company will have 76 clinics in six Canadian provinces, including British Colombia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec.

Medium and larger-sized clinics are expected to comprise a growing proportion of Canadian clinic openings in the future. The Company has the option to bring additional fee-paying practitioners into these larger clinics or offer corporately-owned allied health services, driving increased revenue contribution per square foot and higher margins versus baseline practitioner license fees alone.

Expanded Digital Health Offerings

In March of 2020, the Company, in response to the Coronavirus pandemic, moved up the roll-out of its in-clinic telemedicine services. This offered patients the flexibility to access care in a manner that best suited their specific needs through the early days of the pandemic, complementing all the Jack Nathan Health Medical Centres.

In May 2020, Jack Nathan Health announced a partnership with Canada Health Infoway to help implement PrescribeIT ® - a digital prescribing platform. This e-prescribing service allows doctors and other prescribing medical professionals within the Jack Nathan Health Medical Centres to electronically transmit a prescription directly to the patient’s pharmacy of choice. The PrescribeIT platform provides safer and more efficient medication management while, eliminating the need for paper or faxed prescriptions.

Digital and telemedicine services are ultimately expected to support increased levels of patient-practitioner engagement, drive additional traffic to “bricks and mortar” locations, and ultimately translate into improved outcomes for the patient.

Investor Relations Service Agreement

The Company has entered into an investor relations services agreement (the "Services Agreement") with LodeRock Advisors Inc. ("LodeRock”) pursuant to which LodeRock will provide Jack Nathan Medical Corp. with strategic investor relations and capital markets communications services. Pursuant to the terms of the Services Agreement, Jack Nathan will pay LodeRock a monthly retainer fee of $10,000 for the first three months of the engagement and $8,000 a month thereafter. In addition, the Company has granted LodeRock 50,000 incentive stock options at a strike price of $0.50 per share, vesting over 2 years. The Services Agreement can be terminated on thirty (30) days written notice. At the time of this agreement, neither LodeRock nor its principals have any direct or indirect interest in Jack Nathan securities.

LodeRock is a Toronto-based group of senior capital markets communications executives who develop and execute communications programs that help companies achieve their capital markets objectives and capture the full potential of their public listing. The engagement of LodeRock remains subject to the approval of the TSX Venture Exchange.

Grant of Options

Jack Nathan has granted an aggregate of 2,350,000 stock options (each an " Option ") to directors and officers of the Company in accordance with the Company's current stock option plan. Each Option is exercisable into one common share (a " Share ") of the Company at a price of $0.50 per Share. Options vest over a 2-year period and expire 7 years from the date of the grant.

About Jack Nathan Medical Corp.

Jack Nathan Medical Corp., operating as Jack Nathan Health ® , is one of Canada’s largest healthcare networks. Jack Nathan Health is an innovative healthcare company that is improving access for millions of patients by co-locating physician and ancillary medical services conveniently located inside Walmart ® stores.

Jack Nathan Health provides an exceptional level of patient care, made possible through patient-centric physicians, a variety of medical services, technology and programs, designed to put patients first. Our mission is to provide everyone access to the finest quality retail medical centres, with both in-clinic physicians and digital telemedicine, so you and your loved ones can “Live Your Best Life”.

Jack Nathan Health was established in 2006 and continues to expand its international footprint, delivering exceptional, state-of-the-art, turn-key medical centres in 76 Walmart locations across Canada including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec, as well as six locations in Mexico.

For more information, visit www.jacknathanhealth.com or www.sedar.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to Jack Nathan are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties and assumptions Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative and other judicial, regulatory, political and competitive developments; the economic and business impact of Covid19 and operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.