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Empower Clinics’ subsidiary Sun Valley Health to tout double digit patient growth at the Franchise Expo in Chicago

Published: 10:35 12 Sep 2019 EDT

Empower Clinics Inc. - Empower Clinics’ subsidiary Sun Valley Health to tout double-digit patient growth at the Franchise Expo in Chicago

Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) said Thursday that its subsidiary Sun Valley Health is participating as a marquee exhibitor at the Franchise Expo in Chicago where it will highlight double-digit patient growth this year.

In a statement, the company said it would give a corporate presentation at the two-day Franchise Expo in Chicago starting on Friday. With significant expansion opportunities available through the Sun Valley Health franchise model, Empower anticipates it will grow its total patient list substantially in the years ahead.   

"Attending Franchise Expo Chicago puts Sun Valley Health in front of potentially thousands of entrepreneurs looking for a turnkey and progressive business opportunity," Empower Clinics CEO Steven McAuley said in a statement.

READ: Empower Clinics shares begin life on the OTCQB market

"The combination of offering health and wellness services with premium CBD products lines and wellness products are in high demand, and we believe Sun Valley Health can be the market leader," he added.

Empower, which acquired the physician-staffed Sun Valley wellness clinics in May, said it continued to see the patient count in corporate clinics increase by double digits. In July, the patient count expanded 42% to 1,817 over the same period a year earlier. Similarly, in August the patient count expanded by 39% to 2,099 compared to the same period a year ago.

The company noted that there were spikes in patient visits, despite the summer being “seasonally slower.” The company said it anticipates continued “double-digit growth” in patients seen going forward.  

Thousands of entrepreneurs and future business owners from across the United States will be at Friday’s expo in Chicago, looking for franchise opportunities.

The company also shared the following corporate updates:

Retail product kiosks: The company has completed the set-up of its full retail product kiosks and display areas in its key Phoenix clinics, with over 40 product stock keeping units, including the CBD lines of Solievo, Sun Valley Science and a variety of premium health supplements.

Extraction facility progress: The Company has been awarded its hemp-handlers license from the Oregon Department of Agriculture, and is now approved to operate the new 5,000 square feet facility in Sandy, Oregon. Pathangay Architects have been retained to complete the design and drawings, to submit permit approvals. Security systems and IT networks have been installed.

Hemp biomass supply: The company has started requests for Proposals to access the more than 1,300 licensed hemp farmers in Oregon, that are known to produce some of the highest quality hemp biomass in the US.

Sun Valley Health franchise: Sun Valley Health has an electronic medical system that handles patient data and deals with program tracking, referrals, and appointment reminders. The system has 165,000 patients in its database.

Empower Clinics is a vertically-integrated CBD company based in Vancouver. Its CBD is manufactured under the brand name Solievo, and the Sun Valley Health Clinics operate at nine locations in the US.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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