Empower Clinics says it has 13 new clinic locations secured and in various stages of development

Empower Clinics Inc provided an update on its clinic expansion strategy, saying it has 13 pending leases for new locations across Canada. The company currently has four signed leases where construction is underway, including a second flagship location in the Greater Toronto Area. Additionally, Empower said it held another four leases signed and five pending letters of intention for new clinics, all in the province of Ontario. READ: Empower Clinics achieves major milestone in completing expansion of Kai Medical Laboratory "Our national clinic expansion strategy will provide enhanced access to healthcare for millions of Canadians,” Steven McAuley, Empower’s CEO said in the update. “We continue to make meaningful strides across our network with various Kai Care testing partnerships and its recent expansion allowing for greater volume and diversification of services. We are also thrilled to have completed the MediSure acquisition and look forward to leveraging our collective network to drive increased volume and new product development." Empower recently finalized the acquisition for MediSure, a Canadian diabetic service manufacturing company that generated over $1.9 million in revenue for 2020 and has a presence in over 4,000 pharmacies across Canada. The company also noted its 58% year-over-year growth and a zero cash loss in 2020, telling shareholders it set Empower up to “make significant strides” in 2021. Its 1Q 2021 revenue came in at over $2.5 million, marking 258% growth compared to 2020. Vancouver-based Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and medical diagnostics laboratories.  Contact Angela at angela@proactiveinvestors.com Follow her on Twitter @AHarmantas