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Mednow Reports Q4 2021 Financial Results and Operational MilestonesMednow Inc. ("Mednow" or the "Company") (TSXV:MNOW), Canada's on-demand virtual pharmacy, is pleased to announce it has released its financial results for the period ending July 31, 2021 ("Q4 2021"). Mednow's Financial Statements and Management, Discussion & Analysis are available on sedar.com and on the Company's website, investors.mednow.ca. "Healthcare remains a significant size market that is ripe for disruption and Mednow is rapidly adding to its infrastructure to advance its digital first and patient centric platform for the full spectrum of healthcare needs. With national pharmacy coverage on the horizon and an active acquisition pipeline, we feel that we are only in the early innings of our long-term growth trajectory." Mr. Nassar continued, "Through the acceleration of our institutional services business, Mednow for Business, the acquisition of Medvisit, our investment in Life Support Mental Health Inc. and the launch of Mednow Virtual Care telemedicine services, we have recently made significant strides in bolstering our service offering. With over $28 million in cash as of July 31, 2021 we remain in a strong financial position to continue executing on our strategic plan." Operational Milestones During and Subsequent to Q4 2021:
Summary of Financial Results
Stock Option Grant The Company also announces the grant of a total of 449,000 stock options to certain officers, directors, employees and consultants of the Company. Subject to the policies of the TSX Venture Exchange (the "TSXV") and the terms and conditions of the Company's stock option plan, the options will have an exercise price equal to $1.40 and shall expire five years from the date of grant and shall vest over four years. About Mednow Inc. Mednow is a healthcare technology company offering virtual access with exceptional care. Designed with access and quality care in mind, Mednow.ca provides virtual pharmacy and telemedicine services, as well as doctor home visits, with convenience and through an interdisciplinary approach to healthcare that is focused on the patient experience. Mednow's services include free at-home delivery of medications, a user-friendly interface for easy upload, transfer and refill of prescriptions, access to healthcare professionals through an intuitive chat experience, a specialized PillSmart™ system that packages prescriptions and vitamins by date and time, and doctor consultations. To learn more, follow Mednow on Facebook, Twitter, LinkedIn and Instagram, as well as visit www.mednow.ca/. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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