TORONTO--(BUSINESS WIRE)--Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) (“Jack Nathan Health” “JNH” or the “Company”), a provider of primary care medical clinics located in Walmart® Supercentres under the Jack Nathan Health® brand, is pleased to announce that on March 3, 2021, the Company’s common shares began trading on the OTCQB Venture Market under the symbol “JNHMF.” The Company shares continue to trade on the Toronto Venture Stock Exchange (TSXV) under the symbol JNH.
“This listing is a significant milestone for Jack Nathan Health and one that we anticipate will provide additional liquidity and increased exposure to US investors. As our Company continues to execute on its growth strategy to bring accessible healthcare to people through our clinics, the US market is important both in terms of investor interest, but also potential opportunities,” said George Barakat, Chief Executive Officer of Jack Nathan Health “It is also a reflection of our commitment to transparency and to build sustainable shareholder value.”
“Listing on the OTCQB is an extension of our capital markets strategy and an important step to increase investor awareness and interest in Jack Nathan Health,” said Mike Marchelletta, President and Co-Founder of Jack Nathan Health. “With the potential for enhanced liquidity and heightened investor exposure, listing on a US exchange is a crucial step for generating this type of elevated standing within the growing healthcare industry.”
The OTCQB is a leading market for early stage and developing companies and is operated by the OTC Markets Group Inc. To be eligible for approval to trade on the OTCQB, companies must be current on disclosure obligations, provide an annual company verification and management certification process, and to pass a minimum bid price test. The OTCQB quality standards create a solid baseline of transparency, as well as the technology to improve the information and trading experience for investors. It also provides access for investors who cannot access trading on the TSX Venture.
The Company also reports that it is in the process of completing its application for DTC eligibility through the Depository Trust Company (“DTC”). DTC is a subsidiary of the Depository Trust & Clearing Corporation that manages the electronic clearing, settlement, and transfer of shares for publicly traded companies.
About Jack Nathan Medical Corp.
Jack Nathan Medical Corp., operating as Jack Nathan Health®, is one of Canada’s largest health care networks. Jack Nathan Health is an innovative health care company that is improving access for millions of patients by co-locating physician and ancillary medical services conveniently located inside Walmart® stores.
Jack Nathan Health provides an exceptional level of patient care, made possible through patient-centric physicians, a variety of medical services, technology, and programs, designed to put patients first. Our mission is to provide everyone access to the finest quality retail medical centres, with both in-clinic physicians and digital telemedicine, so you and your loved ones can “Live Your Best Life”.
Jack Nathan Health was established in 2006 and continues to expand its international footprint, delivering exceptional, state-of-the-art, turn-key medical centres in 76 Walmart locations across Canada including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec, as well as 11 locations in Mexico.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to Jack Nathan are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties, and assumptions Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative and other judicial, regulatory, political and competitive developments; the economic and business impact of COVID-19 and operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.