VANCOUVER, BC / ACCESSWIRE / March 10, 2021 / Sativa Wellness Group Inc. (CSE:SWEL)(OTC PINK:SCNNF)(FSE:484)(AQSE:SWEL) ("Sativa Wellness" or the "Company") is pleased to announce that its COVID testing clinic business has achieved CAD$2,000,000 of bookings (£1,140,000).
This milestone has been achieved in less than 4 months from the first clinic being opened in Bath, UK. Since then, as well as the second company owned clinic, there have been 13 in-pharmacy clinics opened, including Plymouth, Billericay, Bournemouth, Milton Keynes and Watford, which have been added since the Company's February 22nd announcement. In addition, Sativa Wellness Group now has two mobile clinics that have brought the clinic portfolio up to a total of 17 operational clinics throughout the UK covering from Wales in the West to Essex in the East. This progress is in line with the target of 30 clinics by the end of April.
The recent government announcement planning to ease restrictions beginning in April, and in particular opening up international travel starting in May, is expected to have a significant positive effect on the clinic business. The material growth that took place despite lockdown is expected to dramatically increase as the restrictions are removed.
Geremy Thomas, Executive Chairman, says: "The clinic business has demonstrated growth even during lockdown creating a significant cash generating opportunity. As the restrictions lift in line with the government roadmap, this growth is expected to increase dramatically."
The Directors of the Company accept responsibility for the contents of this announcement.
Further information regarding the Company can be found at www.sedar.com.
On behalf of the Board of Directors,
Geremy Thomas
Executive Chairman
Sativa Wellness Group Inc.
+44 (0) 20 7971 1255
enquiries@sativawellnessgroup.com
www.sativawellnessgroup.com
Joseph Colliver
Chief Financial Officer
Sativa Wellness Group Inc.
+44 (0) 20 7971 1255
enquiries@sativawellnessgroup.com
www.sativawellnessgroup.com
Neither the Canadian Securities Exchange nor its Market Regulator (as defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes" "plan is" or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur", "will be achieved" or "shortly". The forward-looking information and forward-looking statements contained herein include, but are not limited to information concerning the COVID-19 testing clinic, the number of in-pharmacy clinics to be opened, the expected easing of UK travel restrictions, the Company's position to benefit from any easing of UK travel restrictions, the cash generation opportunity and the expected future growth.
Although Sativa Wellness believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. In particular, there is no guarantee that any further clinics will be opened, that wellness revenue will increase, cash generation will increase or that easing restrictions will have a positive impact on the business. The forward-looking information and forward-looking statements contained in this news release are made as of the date of this press release, and Sativa does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
SOURCE: Sativa Wellness Group Inc.
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