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– Provides increased accessibility for US investors –
Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) (“Jack Nathan Health” “JNH” or the “Company”) is pleased to announce that its shares have received full-service DTC (Depository Trust Company) eligibility in the US. DTC eligibility is expected to simplify the process of trading and enhance liquidity for the Company’s common shares. As a result, US investors will now more easily be able to trade Jack Nathan Health’s OTCQB listed stock under the trading symbol JNHMF.
Securities eligible to be electronically cleared and settled through DTC are considered DTC eligible. DTC eligibility enables shares of Jack Nathan Health to be distributed, settled and serviced through DTC’s automated processes, thereby taking advantage of the efficiencies created in the electronic method of clearing securities and the resulting cost benefits that DTC provides through accelerated settlement processes. Companies that are DTC eligible often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading.
“DTC eligibility is another milestone for Jack Nathan Health,” said George Barakat, Chief Executive Officer of Jack Nathan Health. “We anticipate increased interest from US investors as DTC eligibility makes it easier to purchase our shares. This is another example of Jack Nathan Health moving forward on all fronts, as it works to build out a growing network of state-of-the-art medical clinics and ancillary services such as physiotherapy, Medispa and digital healthcare.”
Jack Nathan Health provides a wide range of accessible quality healthcare services through its medical clinics, located conveniently inside Walmart throughout Canada and Mexico, where it has 76 and 17 locations, respectively. With Jack Nathan Health, patients can take control of their own health with access to a growing list of healthcare services and qualified practitioners, including in-clinic appointments, family medicine, telemedicine, home healthcare monitoring, and more.
About Jack Nathan Medical Corp.
Jack Nathan Medical Corp., operating as Jack Nathan Health®, is one of Canada’s largest health care networks. Jack Nathan Health is an innovative health care company that is improving access for millions of patients by co-locating physician and ancillary medical services conveniently located inside Walmart® stores.
Jack Nathan Health provides an exceptional level of patient care, made possible through patient-centric physicians, a variety of medical services, technology, and programs, designed to put patients first. Our mission is to provide everyone access to the finest quality retail medical centres, with both in-clinic physicians and digital telemedicine, so you and your loved ones can “Live Your Best Life”.
Jack Nathan Health was established in 2006 and continues to expand its international footprint, delivering exceptional, state-of-the-art, turn-key medical centres in 76 Walmart locations across Canada including British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec, as well as 17 locations in Mexico.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to Jack Nathan are intended to identify forward-looking information. All statements…