Empower Clinics Inc. (CSE: CBDT) shared this morning the finalization of the expansion of its subsidiary Kai Medical Laboratory. The company previously announced that the expansion would see the total operation of the lab triple in size.
The expansion not only increased the capacity of the laboratory, but also brought new services such as tests based on dried blood cards, vitamin and hormonal tests. The facility has also stepped up its research and development efforts in collecting samples for pathological testing, including saliva and swab testing, a panel of respiratory pathogens, urinary tract, and dermal testing. sexually transmitted infections.
The company acquired Kai Medical Laboratory in October 2020. It was reported in March 2021 that the facility had an annual revenue rate of over $ 10.0 million before the expansion.
The official launch of the newly expanded facility is expected to take place in the fall of this year.
Empower Clinics last traded at $ 0.46 on the CSE.
Information for this briefing was found through Sedar and the companies mentioned. The author has no title or affiliation related to this organization. Not a buy or sell recommendation. Always do additional research and consult a professional before purchasing a title. The author does not hold any license.