CloudMD Signs Definitive Agreement to Acquire Snapclarity Inc., an Enterprise Mental Health Platform, Expanding Telehealth Offering to Include Mental Wellness

Global News Wire

CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), a telehealth company seeking to revolutionize the delivery of healthcare to patients, is pleased to announce that it has signed an Amalgamation Agreement dated September 22, 2020 to acquire 100% of Snapclarity Inc. (“Snapclarity”), by way of a three cornered amalgamation pursuant to the provisions of the Canada Business Corporations Act (the “Acquisition”).

Snapclarity provides an on demand digital platform that provides an assessment for mental health disorders resulting in a personalized care plan, access to online resources, a clinical health care team and the ability to match to the right therapists. Currently, the platform is used by employers, individuals, therapists and insurers to offer...

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