Revitalist Increases Revenue Capacity with the Opening of its 5th Psychedelic Assisted Psychotherapy Location

VANCOUVER, British Columbia–(BUSINESS WIRE)–Revitalist Lifestyle and Wellness Ltd. (CSE:CALM)(“Revitalist” or the “Company”) is pleased to formally announce the opening of its fifth psychedelic-assisted psychotherapy (“PAP”) clinic located at 1418 E Millbrook Rd, in Raleigh, NC. With 14 treatment rooms, the clinic can provide over 14,500 ketamine infusions to patients annually and generate approximately $7,100,000 USD in revenue at full capacity. The current PAP clinics under operation at Revitalist are as follows:

Location

Opening Date

Size (SQFT)

Clinic Capacity
for
Treatment Rooms 
(1)

Revenue Capacity
(Millions $USD) 
(2)

Gross Margin
High 
(3)

Gross Margin
Low 
(3)

Knoxville, Tennessee

Feb 2018

5,380

12

$7.3

$4.5

$4.0

Johnson City, Tennessee

May 2021

11,000

22

$11.2

$7.0

$6.1

Chattanooga, Tennessee

May 2021

9,995

20

$10.2

$6.3

$5.5

Louisville, Kentucky

Jun 2021

7,520

14

$7.1

$4.4

$3.9

Raleigh, North Carolina

Sep 2021

6,540

14

$7.1

$4.4

$3.9

Total

 

40,435

82

$42.9

$26.6

$23.4

(1)

 

Estimated based on square footage available in each clinic 

(2)

 

Calculated # treatment rooms * 4 visits per day * $490/visit * 5 days/week * 52 weeks

(3)

 

Calculated using Stifel GMP estimates. Source: Stifel Nicolaus Canada Inc.2021. Canada-Healthcare.

The city of Raleigh’s reputation for leading scholarly institutions combined with Revitalist’s multifaceted approach with expert providers, marketers, educators, and researchers, makes the location a golden opportunity to be part of the “Research Triangle Park”.

Nedra Hood is a Certified Registered Nurse Anesthetist and serves as the clinic’s lead anesthesia provider. Mrs. Hood works directly with expert mental health providers as they bring new and innovative therapies to the Raleigh-Durham area by providing Ketamine Infusions, Ketamine Assisted Psychotherapy, Transcranial Magnetic Stimulation (TMS), Vitamin Infusions, Therapy, and Intensive Outpatient Therapies.

According to Mental Health America statistics that were provided in 2020, North Carolina ranks 21st in the United States for the prevalence of mental illness. The state ranked 44th for the youth indicating a higher prevalence of mental illness with lower access to care.

Mrs. Kathryn Walker, CEO, commented, “Revitalist is providing Raleigh access to much needed services to improve the health of adolescents, adults and the geriatric population which is necessity for everyone.”

Revitalist Raleigh will participate in advocacy programs working with Veterans Affairs and assisting veterans struggling with Post Traumatic Stress Disorder, Pain Syndromes, Major Depressive Disorder, and Suicidal Ideations to gain greater access to care.

About Revitalist Lifestyle and Wellness 

Revitalist Lifestyle and Wellness Ltd. (CSE:CALM) is a publicly-traded company, headquartered in Knoxville, Tennessee, with five clinics operating across the United States and expanding. Revitalist is dedicated to empowering individuals toward an improved quality of well-being through a combination of comprehensive care and future-centric treatments provided by medical professionals, mental health experts, and chronic pain specialists. Since opening their first clinic in 2018, Revitalist has provided over 7,000 infusions for patients suffering from treatment-resistant conditions. Additionally, Revitalist offers a number of lifestyle optimization services and vitamin infusions that can bring anyone closer to total wellness.

Forward-Looking Statements

This news release contains forward-looking statements and information within the meaning of applicable securities legislation. Often, but not always, forward-looking statements and information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Revitalist to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements or information contained in this news release.

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