Mednow Inc at LD Micro Invitational Conference Transcript
Alrighty. So we will be moving on to our next presentation. So let's welcome to the stage, CEO and Co-Founder of Mednow, Ali Reyhany.
Hi, everybody. Thank you so much for your interest in Mednow, Canada's virtual pharmacy.
So just some investment highlights. If you have to remember something about this presentation, pharmacy is stuck in the dark ages. It's the largest industry offline. We built the best-in-class technology and pharmacy experience in Canada. We've established a brand and product market fit, and now we have a strong pipeline of customers and ready to scale and grow.
What problem are we solving? As I mentioned, pharmacy remains mostly offline. 99% of people in Canada are still using brick-and-mortar pharmacies, about over 49% of people are open to it. There's an oligopoly of retailers and regulations that makes this change slow. But since the pandemic, this change has accelerated with all the stakeholders being open to it. This change is already underway
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