Salona Global Medical Device Corporation announced a further expansion of its Mio-Guard® Product Line with the K-Laser® Technology suite of products. Salona Global will start to market and sell the products, developed by Eltech K-Laser s.r.l based in Italy, through SGMD's Mio-Guard channel in the United StatesMay 3, 2022. The products will sell for low to mid-five figures depending on the needs of the clinic and the devices are expected to improve SGMD's overall gross margins, which were reported last quarter at just above 30%.

According to K-Laser®, the FDA-approved high intensity therapeutic laser is used in clinics worldwide and designed to improve muscle function, decrease muscular fatigue, and reduce stress after physical activity. One of the products, the Cube Plus 30, features software updates via Wi-Fi and a smart. U.S. warranty and service for the products, including the Cube 4 and the Cube Plus 30 devices, will be handled by SGMD's subsidiary, South Dakota Partners Inc.