01:37 PM EST - CloudMD Software & Services Inc. : Announced today its intent to acquire a medical clinic based in Metro Vancouver, BC. The Company has signed a Binding Term Sheet with the Clinic to acquire 100% of the business, assets and operations. Dr. Essam Hamza, CEO of CloudMD commented, “COVID-19 and the cash injection from the most recent financing were transformational for us and accelerated our growth plans by 3-5 years. The funds raised gives us a war chest of capital to deploy on strategic, accretive acquisitions already in our due diligence pipeline. The acquisition of this clinic not only increases our top line revenue by $3 million, but it’s also an important part of our growth strategy as we expand our hybrid digital clinic footprint across Canada and the United States.” CloudMD Software & Services Inc.
shares V.DOC are trading down 1 cent at $0.71.
