• Shiny Health & Wellness (SNYB) welcomes the Ontario government’s plan to eliminate surgical backlogs and reduce wait times
  • The government has proposed legislative changes to allow private health clinics in Ontario to perform publicly-funded surgeries and procedures
  • This decision follows recent legislation allowing Ontario pharmacists to assess and prescribe medications for 13 common ailments
  • Shiny Health & Wellness, formerly ShinyBud, is a cannabis retailer with 28 corporate and 12 licensed stores in Ontario
  • Shiny Health & Wellness Corp. (SNYB) opened trading at C$1.60

Shiny Health & Wellness (SNYB) welcomed the Ontario government’s plan to eliminate surgical backlogs and reduce wait times.

In order to improve patient backlogs and wait times, the government has announced legislative changes to allow private health clinics in Ontario to perform publicly-funded surgeries and health procedures.

This decision follows other recent legislation, which came into effect on January 1, 2023, allowing Ontario pharmacists to assess and prescribe medications for 13 common ailments.

“Ontarians have long felt that health care services in the province were challenged due to a host of reasons that were made significantly worse during the pandemic with no signs of improvement,” said Kevin Reed, Chairman and Chief Executive Officer of Shiny Health & Wellness.

“These changes and investments announced by the Ontario government are expected to create more opportunity for private sector capital and private health service platforms to deliver quality patient-centred care under the Ontario Health Insurance Plan (OHIP) in the safe and timely manner that citizens deserve.”

Mr. Reed added,

“As our large population ages and seeks a better quality of life, we believe this week’s announcement is the start of further collaboration across the healthcare sector that is desperately needed to meet the growing demand in both large cities and remote communities. We believe the further convergence of health and wellness, pharmacies, medical care services, and cannabis is where the growth potential lies for our company, and we are focused on these opportunities as the province continues to evolve its approach to healthcare. Our pharmacists have already been writing in-store scripts to support our customers since changes came into effect in early January, allowing pharmacists to prescribe some medications.”

Shiny Health & Wellness Corp. is on a mission to help people live fully by being a trusted source of health and wellness solutions and services. The company recently broadened beyond adult-use cannabis by establishing mihi Health & Wellness, a new line of business focused on building a network of community pharmacies across Ontario. The company also operates ShinyBud Cannabis Co., an established brand in Ontario strategically located in markets less saturated with cannabis retailers.

Shiny Health & Wellness Corp. (SNYB) opened trading at C$1.60.


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