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Friday, 06/17/2022 12:09:57 PM

Friday, June 17, 2022 12:09:57 PM

Post# of 72
“7:00a ET 6/17/2022 - Globe Newswire
Irwin Naturals Expands Operations into Northeast with Acquisition of Vermont-Based Clinic

EQNX::TICKER_START (CNSX:IWIN.CN),(Frankfurt:97X),(OTC US:IWINF),(Other OTC:IWINF), EQNX::TICKER_END Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) ("Irwin" or the "Company") announced today it has entered into a binding agreement to acquire the assets of Hobie Fuerstman D O PLC, doing business as Preventive Medicine ("Preventive"), a clinic operation based in Colchester, Vermont.

Klee Irwin, CEO of Irwin Naturals, said, "Our roll-up is gathering momentum. This is the eighth ketamine clinic we are adding to our growing portfolio, which now covers four states, made up of acquired clinics and clinics under definitive agreements. Our mission is to make this amazingly effective treatment available and accessible throughout the country and beyond, and we are planning to acquire and build hundreds of clinics in the months and years to come. As we focus on acquiring profitable operations, we continue to add to our bottom line through these highly accretive transactions."

Hobie Fuerstman, owner and director of Preventive, added, "We're excited that Irwin Naturals has selected us to be the first Emergence partner in Vermont. There's a lot of good that can come from merging with a nationally recognized and well-respected brand. Our mission has always and will always be, to provide the highest quality holistic care. This collaboration will allow us to amplify the reach of our integrative healthcare clinic, which means we can help more people without compromising our values."

The Agreement is subject to certain customary closing conditions and regulatory approvals. The total consideration is to be paid in a combination of cash and stock, with the maximum payable contingent on a number of milestones related to profitability and operational goals. Further detail will be provided upon closing.

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