TORONTO: May 16th 2024 – Shiny Health & Wellness Corp. (“ShinyHealth” or the “Company”) (TSXV: SNYB) today reports it has temporarily closed five of its retail cannabis stores effective immediately. The decision to suspend operations in these particular stores was driven by an ongoing evaluation of market conditions and financial performance, ensuring that the Company’s financial resources are allocated to the highest-performing areas.
Including these stores, Shiny Health has closed 8 stores and opened 1 licensee store since its most recently completed third quarter Management’s Discussion and Analysis at October 31, 2023.
The Company believes that despite the current closures, the customer experience in the remaining 11 corporate and 20 licensee stores will remain unaffected.