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  5. WELL: I'm underweight on Well. [WELL Health Technologies Corp.]
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Q: I'm underweight on Well. How good is the latest news. Is it time to add for a full position?

Thanks
Asked by Daniel on January 17, 2024
5i Research Answer:

In regards to WELL's business update we think it provided a positive development. Two Canadian clinics were added in Q4 generating approximately $28 million in annualized revenues for total consideration of less than $400,000 and are expected to positively contribute to EBITDA in 2024. We like this news and should help WELL's Q4 earnings. Additionally, the company is focussed on improving cost efficiencies and is making progress in pursuing oppurtunities in its pipeline. We like WELL as a small cap name that is displaying growth and operates in a fast growing niche. 

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