Mr. Shane Madden reports
HYDREIGHT ANNOUNCES NORMAL COURSE ISSUER BID
Hydreight Technologies Inc. intends to make a normal course issuer bid to purchase for cancellation, from time to time, as it considers advisable, up to 4,951,189 of its issued and outstanding common shares, being approximately 9.27 per cent of the company's currently outstanding common shares and approximately 10.0 per cent of 49,511,894, which represent the company's public float (as that term is defined in the policies of the TSX Venture Exchange). The bid will commence on March 12, 2026, and will terminate on March 11, 2027, or such earlier time as the bid is completed or at the option of the company. Research Capital Corp. of Vancouver, B.C., will conduct the bid on behalf of the company.
The bid will be conducted in accordance with applicable securities laws and the policies of the exchange. Purchases will be made on the open market through the facilities of the exchange. The price which the company will pay for any shares purchased by it will be the prevailing market price of such common shares on the exchange at the time of such purchase. The purchase of the common shares under the bid is being financed from existing working capital.
In accordance with exchange policies, the company will include a summary of the bid in the management information circular to be mailed to shareholders of the company in respect of its next meeting of shareholders.
The company believes that purchases of its common shares pursuant to the bid may contribute to the facilitation of an orderly market and is in the best interests of the company and its shareholders. In the event that the company believes that its common shares begin trading in a price range that does not adequately reflect their underlying value based on the company's business prospects, growth and financial position, the company may purchase common shares pursuant to the bid.
Shane Madden, chief executive officer of Hydreight, commented:
"Hydreight has continued to demonstrate strong operational momentum as we scale our digital health infrastructure platform across the United States. The board believes that the current market price of the company's shares does not fully reflect the strength of our business model, growth trajectory and long-term opportunities. The normal course issuer bid provides us with the flexibility to allocate capital in a disciplined manner while creating additional value for our shareholders."
About Hydreight Technologies Inc.
Hydreight is building one of the largest mobile clinic networks in the United States. Its proprietary, fully integrated platform has hosted a network of over 3,000 nurses, over 300 doctors and a pharmacy network through its doctor networks across 50 states. The platform includes a built-in, easy-to-use suite of fully integrated tools for accounting, documentation, sales, inventory, booking and managing patient data, which enable licensed health care professionals to provide services directly to patients at home, office or hotel. Hydreight is bridging the gap between provider compliance and patient convenience, empowering nurses, medspa technicians and other licensed health care professionals. The Hydreight platform allows health care professionals to deliver services independently, on their own terms, or to add mobile services to existing location-based operations. Hydreight has a 503B pharmacy network servicing all 50 states and is closely affiliated with a U.S. certified e-script and telemedicine provider network.
We seek Safe Harbor.
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