CloudMD Shares Results of Ontario Therapist Assisted Internet Delivered Cognitive Behavioural Therapy Program - Seite 2

For access to the full study click here.   

The TAiCBT program builds on iCBT, originally developed by MindBeacon with funding from the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). In 2021, CloudMD acquired MindBeacon and expanded the platform to provide these important services to Ontarians in the midst of COVID-19, CloudMD acquired MindBeacon and expanded the platform to provide these important services to Ontarians in the midst of COVID-19.

Long-term Incentive Program for CloudMD’s Board of Directors and Officers

As part of the Company’s incentive plan, RSUs have been granted that vest after 3 years. This aligns management with the Company’s long-term strategy and shareholder interests. Management will only be able to convert their RSUs to stock after being with the Company for at least three years.

Effective June 30, 2023, CloudMD granted (i) stock options to acquire 100,000 common shares of the Company to certain officers of the Company at an exercise price equal to the 5-day VWAP as of June 30, 2023 per share, for a five year term; (ii) 6,861,314 restricted share units (“RSUs”) to certain officers of the Company, each RSU entitling the holder to acquire one common share of the Company, all RSUs only vest after three years; and (iii) 2,408,759 deferred share units to the independent directors of the Company. All grants were made pursuant to the Company’s Omnibus Incentive Plan and subject to vesting requirements and any necessary regulatory approvals.

About FedDev Ontario

For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in southern Ontario by exploring our pivotal projects, our Southern Ontario Spotlight, and FedDev Ontario’s Twitter, Facebook, Instagram and LinkedIn.