American International Holdings Stock Price, News & Analysis

American International Holdings Corp. (OTCQB: AMIH) has released its first Quarterly Field Operations Report detailing operations at its subsidiary Cycle Energy Corp. Key highlights include a significant 66% increase in oil well production, rising from 15 barrels to 25 barrels per day between January and March 2023. Cycle Energy also plans to refrac two Cornelius Wells and has completed its first well plugging for the year under environmental regulations. Cycle Energy aims to enhance production and efficiency through workovers and innovative technology to optimize resource recovery.

American International Holdings Corp. (OTCQB: AMIH) announced a Share Exchange Agreement with Cycle Energy Corp., whereby Cycle Energy becomes a wholly-owned subsidiary in exchange for 1,000,000 shares of Series A Preferred Stock. The transaction closed on February 15, 2023. As part of this strategic move, Michael McLaren has been appointed CEO, and James Pendergast as CFO. The company plans to focus on cash-flowing energy opportunities, having divested most healthcare holdings. Cycle Energy operates three subsidiaries, enhancing AMIH's growth potential through optimized oil and gas operations, well services, and energy technologies.

American International Holdings Corp. (AMIH) announced that its subsidiary, EPIQ Scripts, received a controlled substance registration from the DEA, allowing it to operate in nearly 30 U.S. States. EPIQ Scripts has also applied for various national accreditations to enhance its services in the telemedicine market. The company aims to compete with established online pharmacies, targeting significant growth in the sector. However, there is no guarantee that the pending applications for licenses and accreditations will be approved in a timely manner.

American International Holdings Corp. (AMIH) announced that its subsidiary, EPIQ Scripts, LLC, has secured licenses to operate in 27 additional U.S. states, expanding its mail-order specialty compounding pharmacy services.

This achievement is pivotal as the company aims to operate in all 50 states to enhance its partnership with telemedicine services. Furthermore, EPIQ Scripts has executed a Master Services Agreement with a related party telemedicine entity to provide exclusive services.

American International Holdings Corp. (OTCQB: AMIH) has announced that its subsidiary, EPIQ Scripts, LLC, received a pharmacy license from the Texas State Board of Pharmacy. With this license, EPIQ Scripts plans to operate as an online mail-order compounding pharmacy focused on supporting telehealth companies. The global online pharmacy market is projected to grow from $68.2 billion in 2020 to $202.3 billion by 2027. EPIQ Scripts aims to secure licenses in all 49 states to compete nationally, targeting telemedicine partners and market expansion.

On May 12, 2022, American International Holdings Corp. (OTCQB: AMIH) executed a 1-for-60 reverse stock split effective immediately. Trading on a post-split basis under the new symbol ‘AMIHD’ commenced on May 13, 2022, for 20 business days before reverting to 'AMIH'. The total shares outstanding post-split will approximately be 1,621,448. This move, approved by shareholders on July 30, 2021, aims to consolidate share value and may impact stock options and convertible securities.

For holders with electronic shares, no action is needed; certificate holders will receive instructions from the transfer agent.

American International Holdings Corp. (OTCQB: AMIH) has appointed Dr. Craig Hewitt as its new Chief Financial Officer, effective after the filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2021. Jacob Cohen, President and CEO, emphasized the importance of Dr. Hewitt's extensive experience in healthcare finance and strategic planning. Dr. Hewitt brings nearly 20 years of leadership experience from various healthcare sectors. His qualifications include a Ph.D. in Health Science and multiple advanced degrees. Further details can be found in the Company's filing dated February 17, 2022.

American International Holdings Corp. (OTCQB: AMIH) has launched EPIQ Scripts, LLC, an online mail-order pharmacy targeting telemedicine customers. This initiative aims to capitalize on the rapidly growing online pharmacy market, expected to reach $202.3 billion by 2027. EPIQ Scripts plans to obtain licenses in all 50 states, enhancing its ability to serve telemedicine companies. With experienced leaders, the company seeks to fill a gap in the pharmacy sector, responding to rising telehealth demand.