VANCOUVER, Dec. 20, 2019 /CNW/ - WELL Health
Technologies Corp. (the "Company" or "WELL")
(TSX.V: WELL), a company focused on consolidating and modernizing
clinical and digital assets within the primary healthcare sector,
is pleased to announce it has received conditional approval from
the Toronto Stock Exchange (the "TSX") to list its common
shares on the TSX and delist from the TSX Venture Exchange (the
"TSX-V"). Final approval of the listing is subject to
the Company meeting certain standard TSX listing requirements.
"We are delighted to be graduating from the TSX-V and onto the
TSX," said Mr. Shahbazi, Chairman and CEO of WELL Health.
"The TSX is one of the world's premier stock exchanges and
allows us to significantly expand our shareholder base and trading
liquidity. We would also like to thank the TSX-V as we are
grateful to have been provided the opportunity to start and develop
our business on what we believe is the world's best equity market
for early stage companies."
WELL expects to satisfy all of the listing requirements in early
January 2020, and will make a further
announcement once the TSX has confirmed the date on which trading
will commence on the TSX. The TSX has also confirmed that
WELL's common shares will continue to trade under the stock symbol
"WELL" upon listing on the TSX.
WELL HEALTH TECHNOLOGIES CORP.
Per: "Hamed Shahbazi"
Hamed Shahbazi
Chief Executive Officer, Chairman and Director
About WELL
WELL is a unique company that operates
Primary Healthcare Facilities as well as a significant EMR or
Electronic Medical Records business that supports the digitization
of such clinics. WELL owns and operates 20 medical clinics,
is a majority owner of SleepWorks Medical and provides digital
Electronic Medical Records (EMR) software and services to 946
medical clinics across Canada.
WELL's overarching objective is to empower doctors to provide
the best and most advanced care possible while leveraging the
latest trends in digital health. WELL is publicly traded on
the TSX Venture Exchange under the symbol "WELL.v". WELL was
recognized as a TSX Venture 50 Company in 2018 and 2019.
Forward-Looking Statements
This news release may contain "forward-looking statements"
within the meaning of applicable Canadian securities laws,
including, without limitation: statements relating to the
up-listing to the TSX; the benefits of such listing; receipt of
final approval; and the date thereof. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by management, are
inherently subject to significant business, economic and
competitive uncertainties, and contingencies. These statements
generally can be identified by the use of forward-looking words
such as "may", "should", "will", "could", "intend", "estimate",
"plan", "anticipate", "expect", "believe" or "continue", or the
negative thereof or similar variations. Forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause future results, performance or achievements to be
materially different from the estimated future results, performance
or achievements expressed or implied by those forward-looking
statements and the forward-looking statements are not guarantees of
future performance. WELL's statements expressed or implied by these
forward-looking statements are subject to a number of risks,
uncertainties, and conditions, many of which are outside of WELL 's
control, and undue reliance should not be placed on such
statements. Forward-looking statements are qualified in their
entirety by the inherent risks and uncertainties including: adverse
market conditions; risks inherent in the primary healthcare sector
in general; inability to satisfy listing conditions; and the risk
factors noted in the Company's MD&A and other public disclosure
documents filed on SEDAR. Except as required by securities law,
WELL does not assume any obligation to update or revise any
forward-looking statements, whether as a result of new information,
events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE WELL Health Technologies Corp.
