WELL's wholly owned subsidiary, CRH Medical ("CRH"), opened its first Hemorrhoid banding clinic in the Chicago, IL. The clinic is performing ahead of plan and expected to generate positive cash flow in its first year. CRH expects to open seven more banding clinics across the United States this year.

WELL continues to demonstrate network effects from its CRH acquisition, and opened a new hemorrhoid banding clinic in Chicago (the "Banding Clinic"). This Banding Clinic is the first of many planned by CRH and its parent company WELL, to drive patient access to CRH's O'Regan patented and outcome-leading device. The Banding Clinic is operating ahead of plan as it relates to patient visits and revenues.

CRH and WELL plan to open at least seven more hemorrhoid banding clinics in the US this year and continue the growth in future years. WELL operates two similar clinics in Canada and is anticipating the opening of several more clinics in Canada also this year.