IMD Companies Inc. (OTC:ICBU) Stock On Watchlist After Recent News

One of the companies to have come on to the radars of investors yesterday was IMD Companies Inc. (OTC:ICBU), which made a major announcement about its Canadian marketplace expansion.

iMD Companies and Its Subsidiary Riize, Open, and Launch Telemedicine Platform in Canada

The company, along with its subsidiary company Riize LLC, completed the expansion target into the market. That happened after the Riize Health telemedicine platform was approved officially for the market. It was further noted in the news release that the company had started taking orders in Canada following the approval. The platform, which generated strong growth for the company’s product lines in the United States, would run in the same way and offer pharmaceutical as well as medical practitioner solutions.

The company had earlier projected the start date of its Canadian operations to be the end of September or the beginning of October 2024. IMD Companies stated that it was pleased to have managed to stick to the projection. Riize Health is known for providing an entirely online system that provides users with secure and private access to medical professionals.

The professionals provide the assessment and then prescribe the suitable personal health products if necessary. Telemedicine has proven to be highly convenient and has become the preferred choice of a number of consumers. Telemedicine has seen significant growth in popularity in the personal products space over the years.

Management Comment

Rick Wilson, President and CEO of iMD Companies, Inc., states, “Having the ability to be an international company and finalize the strategic launch in Canada with our amazing subsidiary Riize enables iMD Companies to look at other international opportunities in the near future as well. Our product line expansion and entry into new markets is key to our revenue projections.”

Technicals

+/- EMA(20)	0.0031 (+3.23%)
+/- SMA(50)	0.0021 (+52.38%)
+/- SMA(200)	0.0009 (+255.56%)