Avricore Health Inc. Grants Stock Options
Avricore Health Inc. (TSXV: AVCR) has made an important announcement from its board of directors regarding stock options. They have approved the issuance of stock options, referred to as "Options," for a total of 3,361,000 common shares. These Options are designated for the company’s directors, officers, employees, and consultants, with an exercise price set at CAD $0.29 per common share.
Details on the Stock Options
The stock options are granted in accordance with the company’s established stock option plan. The Options come with specific terms as outlined in the grant agreements and comply with the regulations of the TSX Venture Exchange.
According to the terms of the agreement, the options will begin to vest quarterly immediately following the grant date. They will remain valid for five years, as long as the recipients continue to serve as directors, officers, employees, or consultants for Avricore.
HealthTab™ Market Insights
Recently, there has been a significant rise in the demand for point-of-care testing, which is evident in the HealthTab™ market. Here are some key insights:
- Experts predict that the Point of Care Testing Market will reach nearly $93.21 billion USD by 2030.
- By 2030, approximately 13.6 million people in Canada are expected to be living with diabetes or prediabetes, with many remaining undiagnosed.
- In the United States, over 88 million individuals are estimated to have prediabetes.
- Each year, around 160,000 Canadians aged 20 and older are diagnosed with heart disease, often after serious health complications have already arisen.
- Canada has more than 10,000 pharmacies, while the numbers rise to about 88,000 in the U.S. and nearly 12,000 in the UK.
Understanding HealthTab™
HealthTab™ is an innovative point-of-care testing solution that combines advanced testing technologies with a secure cloud-based platform, aimed at tackling pressing global health issues. With just a simple finger prick, the system can deliver lab-accurate results instantly and provide real-time data. The test covers up to 23 essential biomarkers that are crucial for screening and managing chronic diseases like diabetes and heart disease.
Recently, HealthTab™ has expanded its capabilities to include testing for bacterial and viral infections, such as strep throat and COVID-19. The HealthTab™ network model is distinctive within the pharmacy sector, empowering pharmacists to take a more central role in primary care while enabling patients to manage their health more effectively. This innovative approach is designed to lower healthcare costs and reduce waiting times, while also creating various revenue opportunities through equipment leasing, direct access testing, disease management programs, and clinical trials.
About Avricore Health Inc.
Avricore Health Inc. (TSXV: AVCR) is committed to transforming pharmacy services by focusing on acquiring and developing early-stage technologies that improve patient care and pharmacy practices. Its flagship solution, HealthTab™, aims to make crucial health information more accessible by establishing the largest network of rapid testing devices within community pharmacies.
Contact Information
If you have any questions, feel free to reach out to:
Avricore Health Inc.
Hector Bremner, CEO
604-773-8943
info@avricorehealth.com
www.avricorehealth.com
Frequently Asked Questions
What are stock options and why are they important?
Stock options provide employees and directors the right to buy company shares at a set price, aligning their interests with those of shareholders.
How many stock options did Avricore grant?
Avricore Health Inc. granted a total of 3,361,000 stock options.
What is HealthTab™?
HealthTab™ is a point-of-care testing solution that efficiently delivers lab-quality results, aiding in the management of chronic diseases.
What benefits does the HealthTab network model provide?
The HealthTab network empowers pharmacists to take a larger role in healthcare, reduces costs and waiting times, and opens up multiple revenue opportunities.
How can I get in touch with Avricore Health Inc.?
You can reach Avricore Health Inc. via email at info@avricorehealth.com or visit their website at www.avricorehealth.com.
