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Avricore Health (TSXV:AVCR) is currently offering its complete package of point of care testing platform HealthTab™. Avricore Health CEO Hector Bremner discusses how their innovative technology can help propel the company into a very fast growing enterprise in terms of cash flow and positive revenues.
Avricore recently announced the increased number of Shoppers Drug Mart pharmacies offering its HealthTab point-of-care testing platform to up to 450 locations nationwide. According to Bremner, the company also signed an agreement that will include Real Canadian Superstore, where they are launching a very exciting innovation. HealthTab™ does calculations on results, takes other information about the patient and merges that information in real time.
“It’s a very powerful tool where data and real information in real time is being used for care right there in the community pharmacy. So no extra trips to the lab and no extra trips to doctors offices. The pharmacist can collaborate with the physician and the patient right there on site.”
In July 2022, pharmacists in Ontario are officially able to conduct the point of care tests and by January 1, 2023, they can do limited prescribing. Bremner sees this as an opportunity for their innovative tool to support evidence- based decisions for regulators, physicians and the broader healthcare community.
Bremner explains that the Canadian healthcare market is substantial with 10,000 pharmacies across the country. This can be a great incubator for Avricore to use as a launchpad and explore other markets. He added that the usage rates for HealthTab™ are through the roof with a very high growth potential into the US, EU and UK.
“We’re fully funded and we are not raising money. It’s an exciting opportunity to get in on a Canadian enterprise that’s innovating at a global scale. We have the revenues coming in, where we can be profitable, self funded, and a really great growing enterprise.”
“If you’re watching us as an investor, you’re going to be watching our quarterly reports, you’re going to see substantial revenue growth over the next successive quarters. By next year, we will be a very fast growing enterprise in terms of cash flow and positive revenues.”
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.