TORONTO - Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) ('Jack Nathan Health', 'JNH' or the 'Company') announced today its unaudited interim consolidated annual financial results for the second quarter of fiscal 2023.
Jack Nathan Health's financial statements are prepared in accordance with International Financial Reporting Standards ('IFRS').
Management Commentary
Commenting on the Company's performance and outlook, Dr. Glenn Copeland, Chief Executive Officer, and Chief Medical Officer stated, 'As we move through this fiscal year, we continued to make progress in not only growing our top line revenue, but in increasing EBITDA as well. Our overall decrease in Q2 losses from operations should continue for the rest of the fiscal year as we continue to decrease consulting and development costs while adding revenue to top line performance. Dr. Copeland continued, 'This is an exciting time for Jack Nathan Health as we have set the foundation upon which we can rapidly scale our operations to support the business and meet growth targets for industry-leading success. We look forward to our grand opening of Hillside in Victoria, BC in November 2022 as the epicentre of Island healthcare servicing thousands of those in need medical care and ancillary services.
Spence Walker, CFO added: The Company is in the process of ramping up operations at its recently acquired clinics, while working with Walmart to continue development of new clinics. The recent loan agreement with Walmart will pave the way for accelerated growth and expansion across Canada.
About Jack Nathan Medical Corp.
Jack Nathan Medical Corp., operating as Jack Nathan Health, is one of Canada's largest healthcare networks. Jack Nathan Health is an innovative healthcare 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 Canada, the Company has 76 clinics in Walmart locations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec. 20 clinics, 2 Rehab and 5 MedSpa are corporate owned and operated. In Mexico, the Company has 108 corporate owned and operated clinics in Walmart locations.
Contact:
Email: info@jacknathanhealth.com
JACK NATHAN MEDICAL CORP. 
