Empower Clinics Inc. agreed to Spin-Off Healthcare artificial intelligence (AI) technology business on August 1, 2023. Empower Clinics will vend in a healthcare artificial intelligence (AI) technology or service company in a new Subco. Empower shareholders will receive Subco shares distributed directly to the shareholders of Empower on a pro-rata basis.

The Arrangement is subject to court and shareholder approval, and standard closing conditions.