Rennova Health Inc (RNVA)

[jmoney360]

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Jolly then asked for an update on the shares of common stock outstanding and asked Lagan if the Company had any plans to effect another reverse stock split. Lagan stated that there were approximately ten billion shares issued and outstanding and that there were two hundred and fifty billion shares authorized meaning that there was no need for a reverse split for the foreseeable future. He confirmed that the Company currently had no plans to complete a reverse split.

Jolly ended the interview by asking Lagan what message he would like the Company’s shareholders to take away from the interview. Lagan responded by referring to previous disclosures of the intention to stabilize the business and his belief that operations have now been stabilized, and that a capable and experienced management team was now in place, allowing the business to focus on building the behavioral health division and possibly looking at additional acquisitions again going forward.

To hear Seamus Lagan’s entire interview, follow the link to the podcast here:

https://audioboom.com/posts/8157101-rennova-health-inc-provides-update-to-the-stock-day-podcast

Jolly asked if there was any further progress from the previous press release on the proposed behavioral health services initiative. Lagan confirmed that new management were finalizing a plan to open the new business in phases, starting with detox and residential care utilizing available space at the Company’s Big South Fork Hospital, using another available building on the same hospital’s campus for outpatient services and then considering long-term options to utilize part of the space at the Company’s closed Jamestown Hospital facility.

With 4.0% CAGR, US Behavioral Health Market Size worth USD 105.14 Billion in 2029

According to Fortune Business Insights, the global US Behavioral Health Market size is projected to reach USD 105.14 billion in 2029, at CAGR of 4.0% during forecast period; Surge in Physical and Mental Health-related Disorders will Boost the Market

The US behavioral health market size hit USD 76.44 billion in 2021. The market value is slated to rise from USD 79.69 billion in 2022 to USD 105.14 billion by 2029, exhibiting a CAGR of 4.0% during the forecast period. As a result of the adoption of supportive federal and state policies, mental health services are expanding at an impressive rate, says Fortune Business InsightsTM in its report titled, “US Behavioral Health Market, 2022-2029”.

Jolly then asked for an update on InnovaQor, Inc. and the plans after the sale of the Company’s software division to InnovaQor. Lagan confirmed that InnovaQor had recently became a fully reporting public company and was in the process of changing its trading symbol (currently VMCS). He further confirmed the intention of InnovaQor to raise capital to execute on its business plan and confirmed that Rennova was considering the options and timing to distribute some of the shares it owned in InnovaQor, to its shareholders.

Jolly ended the interview by asking Lagan what message he would like the Company’s shareholders to take away from the interview. Lagan responded by saying that he believed the most recent quarters demonstrate a continued improvement in the operations and an ongoing reduction in losses from previous years. He said that he believed this trend would continue.

To hear Seamus Lagan’s entire interview, follow the link to the podcast here:

https://audioboom.com/posts/8177068-rennova-health-inc-is-featured-on-a-the-stock-day-podcast