Why Empower Clinics?
- A leading owner/operator of physician staffed health and pain management clinics.
- Patient database of over 165,000 patients
- Platform generating $4MM USD in revenue annually (2019)
- Q3 2019 preliminary unaudited revenue saw a year over year growth of approximately 138%
- Proprietary technology platforms including Electronic Health Records portal and e-Commerce for CBD product distribution
- Launching CBD extraction facility
- First extraction system capacity = 6,000 Kg per year.
- CBD based products are poised to be a $20B global industry by 2022
- Medical cannabis is poised to be a $100B global industry by 2025
The Team
The Products
- Commenced selling its proprietary line of CBD-based products called SOLLIEVO
- Empower’s patient base and customers are expected to benefit from access to high margin derivative products, including CBD lotion, tinctures, spectrum oils, capsules, lozenges, patches, e-drinks, topical lotions, gel caps, hemp extract drops and pet elixir hemp extract drops.
- Patients and customers will be able to access Empower’s home delivery and e-commerce platform.
CBD Extraction
- Opening first CBD Extraction facility in Portland, OR.
- 5,000 sq. ft. leased building with first extraction system capable of producing 20kg per day of 99% spectrum oil, isolate or distillate
- Current wholesale pricing is $6,500 USD per kg with annual capacity of 6,000kg an estimated $39MM USD revenue.
- Facility can scale to four extraction systems for up to 24,000kg of product and over $150MM USD revenue
FULL DISCLOSURE: Empower Clinics is an advertising client of AGORA Internet Relations Corp.
Tags: Cannabis, CSE, Hemp, Marijuana, stocks, tsx, tsx-v, weed