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Jack Nathan Medical Corp. - JNHMF STOCK NEWS

Welcome to our dedicated news page for Jack Nathan Medical (Ticker: JNHMF), a resource for investors and traders seeking the latest updates and insights on Jack Nathan Medical.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Jack Nathan Medical's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Jack Nathan Medical's position in the market.

Rhea-AI Summary
Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) announced a 16% overall growth in revenue for the third quarter of fiscal 2024, reaching 13,735,214 in nine months ended October 31, 2023. The company expanded to 240 locations globally, with significant clinic operations revenue increase driven by strategic partnership with Walmart. Despite the growth, the company suffered a slight increase in operating loss due to substantial increase in acquisition-related cost and debenture interest.
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Jack Nathan Health Mexico opens its first medical center in Mexico City, offering a wide range of healthcare services. The center is strategically located in a busy area and aims to revolutionize the healthcare industry in Mexico. The company has also granted 265,000 stock options to employees, contributing to its expansion efforts.
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Jack Nathan Health announced unaudited financial results for Q2 fiscal 2024, with revenues increasing by 26% to $4.57M and net losses reduced by 12.3% compared to last year. The company closed an $8M convertible debenture financing with Walmart, demonstrating confidence in the management team and commitment to accessible healthcare. Clinic operations revenues accounted for 86% of total revenues, expected to increase with the opening of additional clinics. Cash increased to $7.24M and total assets reached $12.57M.
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Jack Nathan Medical Corp. appoints Bharat Choudhary as new permanent CFO, effective September 22, 2023.
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Jack Nathan Medical Corp.

OTC:JNHMF

JNHMF Rankings

JNHMF Stock Data

4.15M
55.48M
37.98%
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