Business
Mitesco, Inc. Updates Shareholders on Year-to-Date 2021 Progress
Mitesco, Inc. Updates Shareholders on Year-to-Date 2021 Progress.
About this update from Mitesco, Inc.
[{"type":"text","content":"\n MINNEAPOLIS, MN, Nov. 17, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mitesco, Inc. (OTCQB: MITI) (“Mitesco” or the “Company”), a leading operator of wellness clinics that combines technology and personalized whole-person primary care, today provides an update of its efforts and actions as it continues to build-out the network clinics through its The Good Clinic™ (“The Good Clinic”) subsidiary. Larry Diamond, CEO of Mitesco, said in regard to the progress that the Company has achieved in 2021, “It has been a busy year so far, and as we look at our plans ahead of us, it is important to reflect on how much progress we have made.” In 2019 the Company entered into discussions with the team that built Minute Clinic™ (the “Minute Clinic” and previously known as Quickmedix) about a new venture aimed at comprehensive primary care for the consumer. In February 2020 Mitesco entered into a formal agreement with the team that built the Minute Clinic and began building the business plan. In September 2020 the first clinic under our “The Good Clinic” flagship brand began construction. The following are some important benchmarks achieved to date: The first The Good Clinic opened in February 2021, and there are now three (3) open and operating in Minneapolis.Upon completion of the clinics in the construction phase, we expect there will be a total of eight (8) clinics in operation by the spring of 2022. The clinics in the construction phase include: the first two (2) locations in Denver, CO and three (3) in the Minnesota’s Twin Cities metropolitan market. Our stated goal is to have 50 operating clinics by the end of 2023 and we remain committed to that objective.We have been successful finding the capital needed for our growth plans from institutional investors and our management team has contributed funding as well, demonstrating their commitment to our strategy.  Mr. Diamond reflected on the growth of the Company, noting, “At this point last year we had three employees compared with a total of 23 on staff today. We have 20 employees in The Good Clinic subsidiary, including 14 healthcare professionals, five (5) in management of the subsidiary, and a three-person senior management team at the ...