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CareRx ( (TSE:CRRX) ) has provided an update.
CareRx Corporation reported its financial results for the fourth quarter of 2024, highlighting a strategic focus on operational efficiency and automation to support growth opportunities. Despite a slight decrease in revenue and adjusted EBITDA compared to the previous quarter, the company achieved a stronger balance sheet, driven by cost-saving initiatives and improved supply terms. The opening of a new pharmacy in North Burnaby, British Columbia, is set to enhance service delivery and optimize operations. Additionally, the conversion of the company’s unsecured convertible debentures into common shares marks a significant milestone in its financial strategy.
More about CareRx
CareRx Corporation is Canada’s leading provider of pharmacy services to seniors living and other congregate care communities. The company focuses on enhancing service offerings for home operator partners and residents, aiming to deliver long-term value to shareholders.
YTD Price Performance: 24.88%
Average Trading Volume: 30,746
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$165.1M
See more insights into CRRX stock on TipRanks’ Stock Analysis page.