Business
Mednow Announces the Execution of Cost Reductions Through the Wind-Down of Two Subsidiaries
Mednow Announces the Execution of Cost Reductions Through the Wind-Down of Two Subsidiaries.
About this update from Mednow Inc.
[{"type":"text","content":"\nMednow Inc. (TSXV: MNOW) (OTCQX: MDNWF), Canada’s on-demand virtual pharmacy, announced that its previously announced wind-down of London Pharmacare Inc. (“LCP”) has concluded with the bankruptcy of LCP.\n\n\nLiver Care Canada Inc. and London Pharmacare Inc. (together, “Liver Care”)’s shutdown was part of Mednow’s ongoing efforts to improve its business by, among other things, eliminating underperforming business lines, in accordance with its previous announcements.\n\n\nAbout Mednow (TSXV: MNOW) (OTCQX: MDNWF) Mednow is a healthcare technology company offering virtual access with a high-standard of care. Designed with accessibility and quality of care in mind, Mednow provides virtual pharmacy and telemedicine services as well as doctor home visits through an interdisciplinary approach to healthcare that is focused on the patient experience. Mednow’s services include free at-home delivery of medications, doctor consultations, a user-friendly interface for easy upload, transfer, and refill of prescriptions, access to healthcare professionals through an intuitive chat experience and the specialized PillSmart™ system that packages prescriptions in easy to use daily dose packs, each labelled with the date and time of the next dose.\n\n\nTo learn more, follow Mednow on Facebook, Twitter, LinkedIn, and Instagram, or visit our website at www.mednow.ca/.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\n\nCautionary Note Regarding Forward-Looking Statements:\nThis release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding the terms of the Offering, the anticipated use of proceeds of the Offering, and Mednow expecting to maintain its standard of pharmacy care, while reducing operational costs, are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anti...