Omni Health Inc (OMHE)

[mattsinvestmentclub]

ON THE CONTRARY Company also plans TO IMPROVE PROFITABILITY and improve its balance sheet position by discontinuing its pharmacy operations. The proceeds from this discontinued operations will be used to satisfy some of Company's current liabilities.
https://finance.yahoo.com/news/omni-health-announces-upcoming-strategic-120000506.html
As we are divesting our lower growth pharmacy business, we will be building a strong portfolio by acquiring fast-growing, highly differentiated business in highly coveted medical technology field consistent with the Company's growth plan announced previously,'' said Andrey Soloviev, CEO of Omni Health. ''These acquisitions will be defining moment for our company, and will provide a long-term value for our shareholders. We have made significant progress toward the main strategic goals we have announced previously. These transformation measures will improve the Company's financial strength and significantly enhance our balance sheet, improving stockholders' equity and cash flow.''