AVRICORE HEALTH INC. (TSXV: AVCR) (the
"
Company" or “
AVCR”) is pleased
to announce that the Company’s board of directors has approved the
granting of stock options (the “Options”) exercisable for a total
of 2,725,000 common shares to its directors, officers, and
consultants at an exercise price of CAD$0.15 per common share.
All Options were granted pursuant to the
Company’s stock option plan and are subject to the terms of the
applicable grant agreements and the requirements of the TSX Venture
Exchange.
The options are subject to a 1-year vesting
period, with ¼ of the options vesting 3 months after the date of
the grant and the remaining options vesting on a quarterly basis
thereafter. The options expire 5 years from the date of the grant,
subject to the optionees continuing to act as directors, officers
or consultants of the Company.
About HealthTab
HealthTab is a turnkey point-of-care testing
solution that combines best-in-class point-of-care technologies
with a secure, cloud-based platform for tackling pressing global
health issues.
With just a few drops of blood from a finger
prick, the system generates lab-accurate results on the spot and
data is reported in real time. The test menu includes up to 23 key
biomarkers for screening and managing chronic diseases, such as
diabetes and heart disease (e.g., HbA1c, Lipid Profile, eGFR).
HealthTab has also recently added capabilities for bacterial and
viral tests, such as strep and COVID-19.
The HealthTab network model is unlike anything
in pharmacy today. It gives knowledgeable and trusted pharmacists a
greater role in primary care delivery, while empowering patients to
take more control of their health. It also reduces costs and
waiting times and provides many potential revenue streams including
equipment leasing & consumables, direct access testing, disease
prevention & management programs, sponsored health programs,
decentralized clinical trials, real world data (RWD) sets, and
third-party app integration through API.
To find a location near you, please visit:
healthtab.com/locations
HealthTab Market Fast Facts
- Point-of-Care Testing Market to
reach $50.6 Billion USD in 2025 (Source).
- Glucose monitoring (diabetes
related) to make up the largest growth within the sector
(Source).
- Nearly 13.6 Million Canadians
expected to diabetic or prediabetic by 2030, with many undiagnosed
(Source).
- Over 1 in 3 Americans,
approximately 88 million people, have pre-diabetes (Source).
- Close to 160,000 Canadians 20 years
and older are diagnosed with heart disease each year, often it’s
only after a heart attack they are diagnosed (Source).
- There are more than 10,000
pharmacies in Canada, 88,000 pharmacies in the US, nearly 12,000 in
the UK.
About Avricore Health Inc.
Avricore Health Inc. (TSXV: AVCR) is a pharmacy
service innovator focused on acquiring and developing early-stage
technologies aimed at moving pharmacy forward. Through its flagship
offering HealthTab™ (a wholly owned subsidiary), its mission is to
make actionable health information more accessible to everyone by
creating the world’s largest network of rapid testing devices in
community pharmacies.
Contact:
Avricore Health Inc.Hector Bremner, CEO
604-773-8943info@avricorehealth.comwww.avricorehealth.com
Cautionary Note Regarding Forward-Looking
Statements Information in this press release that involves Avricore
Health's expectations, plans, intentions or strategies regarding
the future are forward-looking statements that are not facts and
involve a number of risks and uncertainties. Avricore Health
generally uses words such as "outlook," "will," "could," "would,"
"might," "remains," "to be," "plans," "believes," "may," "expects,"
"intends," "anticipates," "estimate," "future," "positioned,"
"potential," "project," "remain," "scheduled," "set to," "subject
to," "upcoming," and similar expressions to help identify
forward-looking statements.
In this press release, forward-looking
statements include statements regarding: the completion of the
placement and the expected timing thereof and the Company's
expected use of proceeds from the placement; the unique features
that the HealthTab™ platform offers to pharmacists and patients.
Forward-looking statements reflect the then-current expectations,
beliefs, assumptions, estimates and forecasts of Avricore Health's
management. The forward-looking statements in this press release
are based upon information available to Avricore Health as of the
date of this press
release. Forward-looking statements believed to
be true when made may ultimately prove to be incorrect. These
statements are not guarantees of the future performance of Avricore
Health and are subject to a number of risks, uncertainties and
other factors, some of which are beyond its control and may cause
actual results to differ materially from current expectations,
including without limitation: failure to meet regulatory
requirements; changes in the market; potential downturns in
economic conditions; and other risk factors described in Avricore's
public filings. These forward-looking statements speak only as of
the date on which they are made, and the Company undertakes no
obligation to update them publicly to reflect new information or
the occurrence of future events or circumstances, unless otherwise
required to do so by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy.
Avricore Health (TSXV:AVCR)
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Avricore Health (TSXV:AVCR)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025