Business
EGF Theramed Has Signed Its First Non-Binding LOI to Aquire Its First Cannabis Dispensary
Vancouver, British Columbia--(Newsfile Corp. - February 8, 2023) - EGF Theramed Health Corp. (CS...
About this update from Egf Theramed Health Corp.
[{"type":"text","content":"EGF Theramed Has Signed Its First Non-Binding LOI to Aquire Its First Cannabis DispensaryVancouver, British Columbia--(Newsfile Corp. - February 8, 2023) - EGF Theramed Health Corp. (CSE: TMED) (OTC Pink: EVAHF) (FSE: AUH) (the \"Company\" of \"EGF\") is pleased to announce it has progressed forward and is now very close to acquiring various dispensary targets in British Columbia. Having looked at targets throughout Canada for the last few months, the market has become increasingly favorable to acquire assets from distressed single store operators favoring scaled centralized operations. Many single store operators that gained an early mover advantage have felt the effects COVID to their bottom line giving EGF an advantage in its acquisitions.\"Since joining Theramed it has been my goal to hand pick the highest quality assets with optimal value. Our company has the ability to raise capital quickly and therefore make significant acquisitions that will lead to instant significant revenue. Our first targeted acquisition is on Vancouver Island, which is famous for its cannabis production and we feel is significantly undervalued. In the coming period, we will look to take this company into generating multimillion revenue; pending we are able to find high value acquisition targets,\" states Connor Yuen, CEO.EGF Theramed has been looking for specific dispensaries that are specially designed to convert and attract customers into the local legal cannabis market. Through the acquisition of established retail outlets, the Company will develop a retail experience that fosters a community and builds a network of customers. The Company expects to offer a large selection of cannabis products and to offer educational materials and resources to customers. The company is targeting prime real estate in high foot traffic areas to maximize consumer accessibility. \"We see a huge advantage to expanding our business operations into the retail space. Creating a direct line of communication with the end consumer and obtaining further insight into consumer habits directly aligns with our goals in addition to elevating our revenues. This will be the first step of many in incorporating technology and innovation with the Company's long-term vision,\" states Connor Yuen, Chief Executive Officer, EGF Theramed Health. With the increase in cannabis consumption, ...