CloudMD Reports Record Q1 2020 Revenue of $3.1 Million - Seite 4

 

On May 4, 2020, CloudMD announced a partnership with Save-On-Foods and Pure Integrative Pharmacies, Western Canada’s largest grocery chain and part of the Jimmy Pattison Group, to pilot on demand virtual care by integrating telemedicine Kiosks in Pharmacies across BC.
 

On May 7, 2020, CloudMD partnered with innovative U.S. based technology leader IDYA4 Corp. to expand its telemedicine solutions to its current and future customer base including the Department of Defense, Homeland Security, Deloitte and the Bureau of Justice Assistance.
 

On May 12, 2020, CloudMD announced a $10 million bought deal public offering and subsequently upsized it to $13 million on May 13th. The Underwriters agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 18,572,000 units (the “Units”) at a price of C$0.70 per Unit for aggregate gross proceeds to the Company of approximately $13 million. The Company anticipates the financing will close on June 2, 2020.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1e86372e-9881-42da ...

Certain information provided in this news release is taken from the unaudited interim Financial Statements and Management’s Discussion & Analysis (“MD&A”) of the Company for the three months ended March 31, 2020 and should be read in conjunction with them. It is only in the context of the fulsome information and disclosures contained in the unaudited interim Financial Statements and MD&A that an investor can properly analyze this information. The Financial Statements and MD&A can be found under CloudMD’s profile on www.sedar.com.

Listing on the TSX Venture Exchange

CloudMD also announces that it has received conditional approval from the Toronto Stock Exchange to graduate to the TSX Venture Exchange (“TSXV”). CloudMD’s common shares will commence trading on the TSXV under the same ticker symbol “DOC”.

Final approval of the listing is subject to the Company fulfilling certain customary conditions required by the TSXV. The Company will issue a statement once the TSXV confirms the date on which trading on the TSXV will commence.  Upon satisfaction of the final listing requirements, the Company’s common shares will be delisted from the Canadian Securities Exchange (“CSE”) and commence trading on the TSXV. Shareholders will not be required to take any action.