Jack Nathan Med Stock Price, News & Analysis

Jack Nathan Health is set to engage with investors through a live presentation on VirtualInvestorConferences.com on December 16, 2021, at 1:30 PM ET. CEO Dr. Glenn Copeland and CFO David Berman will share insights about the company's healthcare network, which operates primary care clinics in Walmart stores across Canada and Mexico. Investors can participate in real-time Q&A and access an archived version post-event. Jack Nathan Health aims to improve medical access through their innovative clinic model.

Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) has announced the appointment of Marcy Herriman as the new Chief Operating Officer (COO), effective immediately. Herriman, who joined the company in 2020 as Vice President of Clinic Operations, has extensive experience in medical operations and business development. Dr. Glenn Copeland, CEO, expressed confidence in her leadership and contributions to the company's expansion. Under her guidance, Jack Nathan Health aims to strengthen its presence and services in Canada and Mexico, positioned for growth despite the challenges posed by the COVID-19 pandemic.

Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) has announced the acquisition of five profitable medical clinics in British Columbia, projected to add over $5.0 million in annualized revenue. This strategic acquisition enhances JNH's operational footprint, bringing the total to 15 corporate-owned clinics across Canada. The company aims to convert licensed clinics into corporate centers to maximize revenue potential and expand services. The transaction includes an initial $525,000 cash payment and share issuances tied to performance metrics.

Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) will participate in the Canaccord Genuity 3rd Annual Health and Wellness Conference on November 16, 2021, at 8:30 AM Eastern Time. The event will be virtual, with CEO Dr. Glenn Copeland and CFO David Berman discussing the company's expansion of medical clinics in Canada and Mexico. Currently, it operates 76 clinics in Canada and plans to open three more while expanding its 115 clinics in Mexico with 88 additional sites expected in 2022. The conference addresses key themes in the health sector.

Jack Nathan Medical Corp. (JNHMF) reported a 70% increase in Q2 fiscal 2022 revenues, reaching approximately $1.9 million. The company expanded its medical clinic network to 146 locations, a 76% increase from the previous year. Notably, the 100th clinic opened in Mexico, with plans to reach 203 by fiscal year-end. A new COVID-19 testing program in collaboration with Walmart Mexico has launched, operating at 28 sites. However, the company reported a loss from operations of approximately $1.9 million due to increased operating expenses amidst expansion efforts.

Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) is launching a new COVID-19 testing program in Mexico, opening three initial testing centers at Walmart locations this week. The company plans to establish a total of 28 sites, with authorization for 20 from the Mexican government. The testing will provide rapid antigen tests at a cost 70% lower than typical pricing, improving healthcare access. Currently, JNH operates 52 clinics in Mexico and aims to expand to 203 clinics by the end of the year, enhancing healthcare delivery within Walmart stores.

Jack Nathan Medical Corp. (JNHMF) reported unaudited financial results for Q1 fiscal 2022, ending April 30, 2021, showing total revenues of approximately $1.3 million, up 26% year-over-year. The company opened 76 clinics in Walmart Canada and expanded to 52 clinics in Walmart Mexico, planning to add 151 more in the near term. However, operating expenses surged to $2.8 million, leading to a loss from operations of $1.6 million. Despite slower revenue growth attributed to COVID-19 and acquisition timing, management remains optimistic about future growth and ongoing acquisitions.

Jack Nathan Medical Corp. (JNH, JNHMF) has appointed Michael A. Pangia as a strategic advisor to enhance business expansion and financial flexibility. Pangia, with over 25 years of experience in executive roles, will work alongside the leadership team to support strategic initiatives and establish new capital market relationships. Jack Nathan Health has expanded its clinic network in Canada and Mexico, with more openings anticipated. The company aims to leverage Pangia's expertise to drive growth amidst challenges posed by the global pandemic.

Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) has announced the acquisition of a 1,394 sq. ft. medical clinic in Campbell River, British Columbia. This addition marks the company's sixth corporate-owned clinic, enhancing revenue potential as it integrates standardized medical services. The clinic will offer in-clinic and virtual consultations, expanding access to healthcare. Jack Nathan Health aims to convert all licensed clinics to corporate ownership, enhancing patient access to quality care across Canada.