The July 8th news from Pathway Health that it signed a Collaborative Agreement with Empire Co. (Sobeys Pharmacy, Safeway Pharmacy, Lawtons Drugs, Freshco Pharmacy, Foodland Pharmacy, Thrifty Foods Pharmacy and IGA Pharmacy) to develop a medical marijuana program caught the attention of BNN Bloomberg reporter David George-Cosh.
The news also caught the attention of the market with more than half a million shares trading and the stock closing up just over 30% on the day at $0.465.
The program is kicking off in Nova Scotia and will quickly roll-out to 425 pharmacies across Canada.
The report outlined that Pathway Health will provide pharmacists with a certified, online training program to educate them on how medical cannabis can be prescribed to patients.
Pathway Health will also provide Empire’s pharmacists with a management system that can offer medical cannabis assessments to patients and connect them with a physician for further evaluation through either physical or virtual care.
Pathway Health is focused on securing agreements covering two thousand pharmacies by year’s end. With the Sobeys deal, the company is within a few hundred pharmacies of the 2021 target.
Pathway Health reported revenues of $12.6 million in 2020.
To see the full report please CLICK HERE.
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