Permanently expanding the private delivery of
public health services aligns
with Company's long-term growth plan
TORONTO, Jan. 18,
2023 /CNW/ - Shiny Health & Wellness Corp.
("Shiny Health" or the "Company") (TSXV: SNYB) is pleased to
welcome the Ontario government's
new plan, announced on January 16,
2023, revealing permanent legislative changes which allow
private health clinics in the province to perform publicly-funded
surgeries and health procedures to improve patient backlog and wait
times. This decision follows other recent legislation, which came
into effect on January 1, 2023,
allowing Ontario pharmacists to
assess and prescribe medications for 13 common ailments.
"Ontarians have long felt that health care services in the
province were challenged due to a host of reasons that were made
significantly worse during the pandemic with no signs of
improvement," said Kevin Reed,
Chairman and Chief Executive Officer of Shiny Health &
Wellness. "These major changes and investments announced by the
Ontario government are expected to
create more opportunity for private sector capital and private
health service platforms to deliver quality patient-centered care
under the Ontario Health Insurance Plan (OHIP) in the safe and
timely manner that citizens deserve."
Mr. Reed added, "As our large population ages and seeks a better
quality of life, we believe this week's announcement is the start
of further collaboration across the healthcare sector that is
desperately needed to meet the growing demand in both large cities
and remote communities. We believe the further convergence of
health and wellness, pharmacies, medical care services, and
cannabis is where the growth potential lies for our Company, and we
are focused on these opportunities as the province continues to
evolve its approach to healthcare. Our pharmacists have already
been writing in-store scripts to support our customers since
changes came into effect early-January allowing pharmacists to
prescribe some medications."
Shiny Health is on a mission to provide Canadians with a premier
retail network for their health and wellness solutions so they
"Never Settle, Live Fully." First established as a retail cannabis
company, Shiny Health broadened its retail growth strategy in
May 2022 to focus on a more robust
customer-driven health and wellness model by targeting the
strategic acquisition of independent retail pharmacies. This retail
extension stems from a deep understanding of what customers and
Canadians are seeking for their health and wellness needs.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
About Shiny Health &
Wellness
Shiny Health & Wellness Corp. is on a mission to help people
never settle, live fully by being a trusted source for health and
wellness solutions and services. The Company recently broadened its
retail growth strategy beyond adult-use cannabis by establishing
mīhī Health & Wellness, a new line of business focused on
building a network of community pharmacies across Ontario. Striving to provide a more diverse
and accessible cannabis experience for adult consumers, the Company
also operates ShinyBud Cannabis Co., a well-established brand in
Ontario strategically located in
markets less saturated with cannabis retailers. The Company's board
of directors and management team hold extensive retail operating
experience, a key competitive differentiator in leading its growth
strategy. Shiny Health trades on the TSX Venture Exchange (TSXV)
under the ticker symbol SNYB. For more information, please visit
www.shinyhealthandwellness.com.
SOURCE Shiny Health & Wellness Corp.
