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Empower Clinics says corporate clinics business clocked up triple-digit, year-over-year increase in April patient visits

The Vancouver-based firm reported 2,212 total patient visits last month, compared to 254 in April 2019, an increase of 871%

Empower Clinics Inc. - Empower Clinics Inc announces its corporate clinics business in April clocked a triple-digit, year-over-year increase in patient visits
Empower has also been awarded access to the Amazon COVID-19 SUPPLIES portal, which provides access to essential products to fight the coronavirus pandemic

Empower Clinics Inc (CSE:CBDT)(OTCQB:EPWCF) announced Tuesday that its corporate clinics business in April clocked up a triple-digit, year-over-year increase in patient visits.

The Vancouver-based firm, which also owns a network of physician-staffed, medical cannabis-focused health clinics in Oregon and Arizona, said there were 2,212 total patient visits last month, compared to 254 in April 2019, an increase of 871%.

In a statement, Empower said it is booking new physician appointments for immune-boosting services that are leading to naturopathic product sales and the ordering of specialized tests. 

READ: Empower Clinics launches psilocybin research and psychedelic treatment subsidiary

In addition, the company said it has increased orders of Personal Protective Equipment (PPE) and equipment such as stainless-steel tables, portable air conditioning units, tents and medical supplies to support staff and patients as part of a medical testing protocol in the US during the coronavirus (COVID-19) pandemic.

Empower said it has also been identified by Amazon Business as needing access to critical supplies and, as such, the company has been awarded access to the Amazon COVID-19 SUPPLIES portal, which provides access to essential products for organizations participating in the fight against the pandemic.

"The performance results from April are truly outstanding and given the operational changes the team have made as a result of coronavirus, I am immensely proud of their efforts," Empower CEO, Steven McAuley said in the statement.

"We are starting to see strong diversification in the revenue model for our clinics that will help us grow not only patient count, but revenue per patient, total revenue and perhaps more importantly, create revenue diversity to reduce concentration risk for the business model," he added.

In addition to its health clinics and telemedicine services, the company also produces a proprietary line of CBD-based products distributed throughout the US.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

Quick facts: Empower Clinics Inc.

Price: 0.055 CAD

CSE:CBDT
Market: CSE
Market Cap: $9.7 m
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