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CTV News
17 minutes ago
- CTV News
CTV National News: New report shows how Alberta is lagging behind in health care
Watch A new report finds Alberta's health care system is falling short in significant sectors compared to the rest of Canada. Kathy Le breaks it down.
Globe and Mail
5 hours ago
- Globe and Mail
Jack Nathan Health Announces Its Q4 and Year End Fiscal 2025 Financial Results
Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) ('Jack Nathan Health', 'JNH' or the 'Company') announced today its audited consolidated annual financial results for the fourth quarter of fiscal 2025, and fiscal year ended January 31, 2025. Jack Nathan Health's financial statements are prepared in accordance with International Financial Reporting Standards ('IFRS'). Disclosure Regarding Filing Timing As previously disclosed in a press release issued on June 9, 2025, the Company was unable to file its annual financial statements, MD&A, and related CEO and CFO certifications for the fiscal year ended January 31, 2025, by the prescribed filing deadline of May 31, 2025. The delay was due to operational restructuring, resource realignment, and transition impacts following the divestiture of its Canadian primary care operations and the winding down of Mexico operations. The Company is pleased to confirm that it has now completed the filings within the 90-day permitted period, and all required documents are available on SEDAR+. Management Commentary Mike Marchelletta, Chief Executive Officer, commented: 'Fiscal 2025 was a pivotal year of transition for Jack Nathan Health. We successfully completed the divestiture of our Canadian primary care and licensee business, which significantly improved our balance sheet and eliminated legacy obligations. Following year-end, we also ceased all clinic operations in Mexico after the termination of our agreement with Walmart Mexico. With both legacy business segments now exited, our current focus is on internal restructuring, stabilizing our operations, and preserving cash while evaluating future strategic opportunities. We believe these actions have positioned the Company for a more focused path forward.' Financial Highlights for the fiscal year ended January 31, 2025 Operating Results 2025 2024 2023 $ $ Revenues (Continuing + Discontinued) 19,146,626 19,144,923 15,487,698 Net loss from continuing operations (2,530,374) (1,333,217) (6,902,759) Net Income/(loss) from discontinued operations 9,995,129 (5,302,750) - Total comprehensive income/ (loss) 7,678,435 (6,737,300) (7,077,020) For the fiscal year ended January 31, 2025, total consolidated revenues were $19.1 million, consistent with the prior year. Revenues from continuing operations increased 26% to $8.7 million driven by the full-year contribution from MedSpa operations and the continued activity of the Mexico division through fiscal year-end. MedSpa revenues were $1.03 million, up 90% year-over-year. Discontinued operations contributed $10.4 million in revenue prior to the sale of the Canadian medical clinic and licensee business on December 1, 2024. Note on Mexico Operations: The 2025 financial statements reflect the Mexico clinic operations as part of continuing operations, as these locations were active through January 31, 2025. However, subsequent to year-end, all operations in Mexico were fully ceased as of June 30, 2025 following the formal termination of the Company's agreement with Walmart Mexico. As such, the Mexico division is no longer part of Jack Nathan Health's active business going forward. The Company reported a loss from continuing operations of $2.5 million, compared to $1.3 million in the prior year. However, discontinued operations yielded a net gain of $9.99 million, largely driven by a $16.4 million gain on the sale of the Canadian operations. Balance Sheet as of January 31, 2025 Cash of $2.2 million (January 31, 2024 - $3.06 million) Total assets of $3.54 million (January 31, 2024 - $11.19 million) Total liabilities of $2.22 million (January 31, 2024 - $17.13 million) Working capital improved to $1.4 million, compared to a working capital deficit of $0.5 million the year prior. Shares Outstanding As of January 31, 2025, the Company had 87,099,159 common shares outstanding, 1,650,000 stock options outstanding and 335,004 DSUs outstanding. For further information regarding the Company's financial results for fiscal year ended January 31, 2025, please refer to the audited annual consolidated financial statements of the Company as at and for the 12 months ended January 31, 2025 together with the corresponding MD&A, available at and the JNH website https// About Jack Nathan Medical Corp. Jack Nathan Health® is a provider of MedSpa services in Canada and a former operator of one of the largest retail medical clinic networks in North America. Established in 2006 the Company expanded its international footprint, delivering exceptional, state-of-the-art, turn-key medical centers in 253 locations globally, with 193 corporately owned and operated. In Canada, the Company grew to 82 locations, including 80 clinics in Walmart locations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec and 2 independent locations, with 22 corporate owned and operated clinics of which 3 included Rehab services and 6 included MedSpa services. In Mexico, the Company grew to 171 corporate owned clinics across Mexico within 3 divisions, including 165 retail clinics, 5 clinics inside Walmart Distribution Centers servicing Walmart Associates, and 1 multidisciplinary clinic. In December 2024, Jack Nathan Health restructured its Canadian medical operations through an asset sale to Well Health Technologies Corp. Following the exit from its Walmart Mexico operations in May 2025, the Company continues to operate its Canadian MedSpa clinics and is actively evaluating strategic opportunities for its future business in Canada, Mexico & USA. For more information, visit https// or Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Appendix: Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to Jack Nathan are intended to identify forward- looking information. All statements other than statements of historical fact may be forward- looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties, and assumptions Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative and other judicial, regulatory, political, and competitive developments; and operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward- looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward- looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward- looking information, other than as required by applicable law.
CBC
5 hours ago
- CBC
Thompson residents warned to pack essentials as possible evacuation of northern Manitoba hub looms
Officials in Thompson are warning the roughly 13,000 residents of the northern Manitoba city to prepare for a possible evacuation in the coming days, as an out-of-control wildfire burns just north of the city. On Friday, the municipality issued a pre-alert notice in a statement posted to Facebook saying residents should begin packing essentials so they're ready to go if an evacuation order is called for the city, which is a hub for many services in northern Manitoba. A Thompson personal care home is evacuating 33 residents to Flin Flon due to air quality concerns, a spokesperson for Shared Health told CBC on Friday, in what they described as a "limited movement of long-term care residents." The move is a precautionary measure to reduce risks from smoke exposure to vulnerable people with underlying health concerns, the spokesperson said. The province said five other residents of the Thompson hospital's psychiatric ward were also being transferred as a precaution. However, there were no plans for a full hospital evacuation as of Friday afternoon. In a statement to CBC News on Friday, Health Minister Uzoma Asagwara acknowledged it's "a worrying time for folks up north right now," but said the health-care system is "constantly assessing the wildfire situation" to make decisions that are best for patients. The wildfire north of Thompson was 16,370 hectares in size, according to the province's most recent fire bulletin on Friday. The fire is still considered out of control. Northwest of Thompson, an out of control fire burning near the community of Lynn Lake has grown to 80,120 hectares, the fire bulletin said. That town's 600 residents were evacuated a week ago, shortly after they returned from a previous mass evacuation last month. This time, Lynn Lake evacuees were taken to Brandon, about 800 kilometres south of their home. Garden Hill evacuees heading to Winnipeg At a news conference Thursday, where Premier Wab Kinew declared a second state of emergency this wildfire season, officials said nearly 13,000 Manitobans were under evacuation orders due to wildfires. Garden Hill Anisininew Nation, a fly-in community located about 475 kilometres northeast of Winnipeg, began evacuating its more than 4,000 residents on Thursday, when about 1,000 residents were being flown out by the Canadian Armed Forces, Kinew said. Seven flights were planned using a Hercules aircraft, as Garden Hill's airstrip is big enough to accommodate the large military plane, Kinew said. "That really increases the amount of people who could be moved out quickly," the premier said Thursday. The wildfire burning near Garden Hill is about 2,500 hectares in size and is out of control, the province said in its Friday fire bulletin. The province said 500 people stayed at an emergency shelter at a soccer complex on Leila Avenue in Winnipeg on Thursday night. Officials said the Billy Mosienko Arena on Keewatin Street would start housing evacuees again on Friday, while the RBC Convention Centre would become available over the weekend. CBC reached out to Garden Hill leadership on Friday for an update on the fire situation but had not received a response prior to publication.
