TORONTO — Mednow Inc. (“Mednow” or the “Company”) (TSXV:MNOW), Canada’s on-demand virtual pharmacy, launched today in Winnipeg, to serve Manitoba. This Canadian health tech company, founded by pharmacists, offers unlimited virtual pharmacist consults, fast, free medication delivery, and advanced technology to help address medication non-adherence – a problem that can result in the worsening of a patient’s condition, hospitalization or emergency room visits.
“We’re thrilled to serve Manitobans from within Manitoba. This launch is part of our plan to have a national presence across Canada while also serving our patients from where they live. The strategy to have a presence in each province we serve ensures we are able to deliver on our promise of providing a higher level of care, which we believe drives our growth,” said Karim Nassar, CEO, Mednow.
Mednow is focused on improving delivery of pharmacy services in Canada through digitization to provide better patient access to healthcare professionals, and help prevent medication non-adherence.
Mednow’s ~2,500 sq. ft. Winnipeg-based distribution centre and frontline pharmacy is located at 584 St. Mary’s Rd. and represents a significant local investment. It is powered by the latest in automated prescription fulfillment and dispensing technology. This newest addition to Mednow’s growing national footprint enables free same day prescription delivery in Winnipeg and many surrounding suburban areas and free two day delivery in rural areas.
“We believe patients have the right to have the same high expectations as consumers. Our goal is to provide better, faster, quality service through the pharmacy of the future,” said Nassar.
The pharmacy that runs to you
With the tap of an app, or a click in a browser, Mednow patients, such as busy parents juggling multiple prescriptions, caregivers, and seniors, can interact with pharmacists for things like medical reviews, care plans and consultations, and order prescribed and over -the-counter medications for fast, free delivery. Patients can also easily view their full medication history and receive automatic prescription refills.
Mednow’s PillSmart™ makes daily medications and supplements easy to take and hard to forget. PillSmart safely packages medications into easy to open individual packs, each printed with the contents, date and time of the next dose. This ensures patients don’t forget their important mediations and supplements and eliminates accidental double-dosing. Mednow also offers Kariean automatic medication dispenser that organizes, schedules, and delivers medication with the touch of a button.
About Mednow Inc.
Mednow is a healthcare technology company offering virtual access with a high standard of care. Designed with accessibility and quality of care in mind, Mednow.ca provides virtual pharmacy and telemedicine services as well as doctor home visits through an interdisciplinary approach to healthcare that is focused on the patient experience. Mednow’s services include free at-home delivery of medications, a user-friendly interface for easy upload, transfer, and refill of prescriptions, access to healthcare professionals through an intuitive chat experience, a specialized PillSmart™ system that packages prescriptions and vitamins by date and time, and doctor consultations.
To learn more, follow Mednow on Facebook, Twitter, LinkedIn, and Instagram, or visit our website at www.mednow.ca.
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Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, the statement regarding the intention to continue to execute Mednow’s plan for a national presence across Canada; and to expand its geographical reach to become a household name in Canadian healthcare. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on certain material assumptions and analysis made by the Company and t he opinions and estimates of management as of the date of this press release, including that the Company will obtain the approvals required to execute its expansion plans, that general economic and market conditions will not change in an adverse manner, political and regulatory stability, stability in financial and capital markets and that the Company’s operations will not be adversely impacted by COVID-19. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation (a) public health crises such as the COVID- 19 pandemic may adversely impact the Company’s business and operations; (b) the volatility of global capital markets; (c) unanticipat ed costs; and (d) risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, excep t in accordance with applicable securities laws.
Investor Relations Contact:
Benjamin Ferdinand, Chief Financial Officer