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Mednow Announces Notice Received From Secured Creditor and Plan to Work on a Transitional Plan

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VANCOUVER, British Columbia — Mednow Inc. (TSXV: MNOW) (OTCQX: MDNWF) (“Mednow” or the “Company“), Canada’s on-demand virtual pharmacy, announced today that it has received a notice of default, demand and intention to enforce security from its related secured creditor Alirey Corp. amounting to $3.23 million. Mednow intends to cooperate with secured creditor to facilitate a transitional plan.

About Mednow (TSXV: MNOW) (OTCQX: MDNWF) Mednow is a healthcare technology company offering virtual access with a high-standard of care. Designed with accessibility and quality of care in mind, Mednow provides virtual pharmacy and telemedicine services as well as doctor home visits through an interdisciplinary approach to healthcare that is focused on the patient experience. Mednow’s services include free at-home delivery of medications, doctor consultations, a user-friendly interface for easy upload, transfer, and refill of prescriptions, access to healthcare professionals through an intuitive chat experience and the specialized PillSmart™ system that packages prescriptions in easy to use daily dose packs, each labelled with the date and time of the next dose.

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Neither 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231101160895/en/

Contacts

Investor Relations:
Neha Nisar
ir@mednow.ca
1.855.686.6300

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Business Wire

2023-11-01 21:05:08

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