Revitalist Opens Seventh Clinic Increasing Revenue Capacity to $51.55 Million USD
Ryan Allway
November 24th, 2021
Psychedelics, Top News
VANCOUVER, British Columbia–(BUSINESS WIRE)–REVITALIST LIFESTYLE AND WELLNESS LTD. (“Revitalist” or the “Company”) (CSE: CALM) (OTC: RVLWF) (FSE: 4DO) is pleased to formally announce the opening of its seventh psychedelic assisted psychotherapy (“PAP”) clinic located at 42450 Twelve Mile Road, Novi, Michigan, 48377.
“Revitalist is providing Novi access to much needed services to improve the health of adolescents, adults and the geriatric population which is necessity for everyone. We are incredibly excited to open our doors in this community and provide an exceptional level of care to the residents living there.”
The Novi clinic is expected to offer Revitalist’s full suite of treatments including ketamine and vitamin infusions, telemedicine therapy sessions and transcranial magnetic stimulation. With 10 treatment rooms, the clinic can provide over 10,400 ketamine infusions to patients annually and generate approximately $5,100,000 USD in revenue at full capacity.
The addition of the Novi clinic marks the seventh Revitalist clinic in operations with total revenue capacity of $51.55 Million USD and gross margin between $32.00 Million USD and $28.15 Million USD as detailed below.
|
Location |
Opening |
Size |
Clinic |
Revenue |
Gross |
Gross |
|
Existing Locations |
||||||
|
Knoxville, Tennessee |
Feb-18 |
5,380 |
12 |
$7.30 |
$4.50 |
$4.00 |
|
Johnson City, Tennessee |
May-21 |
11,000 |
22 |
$11.20 |
$7.00 |
$6.10 |
|
Chattanooga, Tennessee |
May-21 |
9,995 |
20 |
$10.20 |
$6.30 |
$5.50 |
|
Louisville, Kentucky |
Jun-21 |
7,520 |
14 |
$7.10 |
$4.40 |
$3.90 |
|
Raleigh, North Carolina |
Sep-21 |
6,540 |
14 |
$7.10 |
$4.40 |
$3.90 |
|
Knoxville, Tennessee (2nd location) |
Nov-21 |
3,500 |
7 |
$3.55 |
$2.20 |
$1.95 |
|
Novi, Michigan |
Nov-21 |
3,765 |
10 |
$5.10 |
$3.20 |
$2.80 |
|
Total Existing Locations |
47,700 |
99 |
$51.55 |
$32.00 |
$28.15 |
1 Estimated based on square footage availible in each clinic
2 Calculated # treatment rooms * 4 visits per day * $490/visit * 5 day/week * 52 weeks
3 Calculated using Stifel GMP estimates of 62%-54%. Source: Stifel Nicolaus Canada Inc.2021. Canada-Healthcare.
People interested in receiving treatments can contact any of the following Revitalist clinic locations:
Knoxville, TN
Address: 10608 Flickenger Lane Knoxville, TN 37922
Website: https://revitalistclinic.com/
Tel: 865-401-9242
Chattanooga, TN
Address: 5715 Uptain Rd, Suite 200, Chattanooga, TN 37411
Website: https://revitalistchattanooga.com/
Tel: 423-220-4738
Johnson City, TN
Address: 110 E Mountcastle Dr Johnson City, TN 37601
Website: https://revitalistjohnsoncity.com/
Tel:423-454-2150
Louisville, KY
Address: 13307 Magisterial Dr, Louisville, KY 40223
Website: https://revitalistlouisville.com/
Tel: 502-771-8531
Raleigh, NC
Address: 1418 E Millbrook Rd, Raleigh, NC 27609
Website: https://revitalistraleigh.com/
Tel: 984-300-4487
Novi, MI
Address: 42450 Twelve Mile Road, Novi, MI 48377
Website: https://revitalistdetroit.com/
Tel: 423-250-1997
Mrs. Kathryn Walker, CEO, commented, “Revitalist is providing Novi access to much needed services to improve the health of adolescents, adults and the geriatric population which is necessity for everyone. We are incredibly excited to open our doors in this community and provide an exceptional level of care to the residents living there.”
REVITALIST MARKETING AND INVESTOR RELATIONS AGREEMENTS
The Company is pleased to announce that it has retained Hybrid Financial Ltd. (“Hybrid”) to provide marketing services to the Company. Hybrid has been engaged to heighten market and brand awareness for Revitalist and to broaden the Company’s reach within the investment community. Hybrid has agreed to comply with all applicable securities laws in providing the services. Hybrid has been engaged by the Company for an initial period of twelve months (the “Initial Term”) and then shall be renewed automatically for successive three month periods thereafter, unless terminated by the Company in accordance with the Agreement. Hybrid will be paid a monthly fee of $22,500, plus applicable taxes, during the Initial Term.
ABOUT REVITALIST LIFESTYLE AND WELLNESS LTD.
Revitalist Lifestyle and Wellness Ltd. (CSE: CALM) (OTC: RVLWF) (FSE: 4DO) is a publicly traded company, headquartered in Knoxville, Tennessee, with five clinics operating across the United States and expanding. Revitalist is dedicated to empowering individuals toward an improved quality of well-being through a combination of comprehensive care and future-centric treatments provided by medical professionals, mental health experts, and chronic pain specialists. Since opening their first clinic in 2018, Revitalist has provided thousands of infusions for patients suffering from treatment-resistant conditions. Additionally, Revitalist offers a number of lifestyle optimization services and vitamin infusions that can bring anyone closer to total wellness. For additional information and to be added to the Company’s mailing list, please click here.
Twitter: @RevitalistCorp
Facebook @RevitalistLifestyleandWellnessLtd.
Instagram: @RevitalistCorp
LinkedIn: @RevitalistLifestyleAndWellnessLtd
On Behalf of the Board
Kathryn Walker
Chief Executive Officer
Forward Looking Statements
This news release contains forward-looking statements and information within the meaning of applicable securities legislation. Often, but not always, forward-looking statements and information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Revitalist to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements or information contained in this news release.
Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Contacts
Revitalist Lifestyle and Wellness Ltd.
Email: IR@revitalist.com
Tel: (865) 585-8414
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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