Business
CB2 Insights Announces Annual General & Special Meeting of Shareholders and Corporate Update
CB2 Insights Announces Annual General & Special Meeting of Shareholders and Corporate Update.
About this update from Skylight Health Group Inc.
[{"type":"text","content":"\nTORONTO, June 24, 2019 (GLOBE NEWSWIRE) -- CB2 Insights (CSE:CBII; OTCQB: CBIIF) (“CB2” or the “Company”), a leading data-driven company focused on bringing real-world evidence driven from the point-of-care to the medical cannabis community, has announced the date of its first Annual General Meeting (AGM) and Special Meeting of Shareholders on June 27, 2019 at 10am EST at its head office at 5045 Orbitor Drive, Mississauga, ON.\n Corporate Strategic Update The AGM will provide an opportunity for CB2 Insights to present its shareholders, in-person, the latest updates and future growth opportunities aligned with its mission to be the largest aggregator and provider of Real World Data and Evidence (“RWD” and “RWE”) related to the safety, efficacy and effectiveness of medical cannabis and cannabis derived medications. Following a transformative year in 2018 and year-over-year and sequential growth in the first quarter of 2019, both organically and through M&A activity, the Company continues its effort to drive towards profitability. The Company operates an already profitable clinical business model, which generated over 15% positive EBITDA in Q1 2019, with these additional cash flows being reinvested into the technology and data insights divisions. The Company has made significant improvements in its overall EBIDTA results and will continue to drive towards achieving a profitable consolidated business model. The Company is uniquely positioned to capture value today as the largest clinical network in the US serving over 85,000 patients annually with a variety of health indications leveraging medical cannabis therapy as well as now looking to expand internationally to capture new opportunities to increase its global patient registry. Its position as a healthcare focused operation alleviates concerns and challenges faced by a volatile cannabis industry with the vast majority of regulations and subsequent restrictions placed on companies that directly touch or service the plant itself. The Company has already begun its alignment with global leaders in the phytopharmaceutical industry and with international clinical providers to expand its patient registry and data monetization opportunities.  The Company anticipates it will achieve new revenues streams from its data assets by the...