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Sunday, July 3, 2022

Puget Technologies Inc (OTCMKTS: PUGE) Comeback Brewing as Co Beefs Up its BOD & Enters Due Diligence Phase of Acquisitions

Puget Technologies Inc (OTCMKTS: PUGE) has seen an increased interest in its shares in recent days as it sits, coiled tight just over the $0.004 level. The stock ran to $0.017 in October shortly after the Company went “pink current” and brought on new CEO Karen Fordham. Currently under accumulation PUGE is almost back to where it started and has a gap to fill from current levels. Investors are looking for a breakout back to previous highs – a break over $0.017 and its blue skies ahead. Recently PUGE launched a new subsidiary, NOW Health Corp©, a national healthcare company that is aiming to transform the way people access primary healthcare services. Headquartered in Boca Raton, Florida.

PUGE is quickly attracting a growing shareholder base as the Company enters into multi LOIs to acquire Company’s already generating significant revenues. Currently PUGE is in the Due diligence phase of negotiations with D & D Rehab Centers, Inc. and CareSuites LLC, a company in the real estate industry that will provide turnkey facilities for medical practitioners. Care Suites LLC, intends to take an innovative approach to coworking – enabling medical practitioners to easily transition into individual practice by using CareSuitesTM facilities. PUGE has attracted a stellar management team and growing list of executives and professionals on its advisory board and board of directors. 

Puget Technologies Inc (OTCMKTS: PUGE) operating out of Boca Raton, Florida aspires to evolve into an innovation-focused holding company operating through a group of subsidiaries and business units that work together to empower ground-breaking companies to reach their next stage of growth. With a strategy that combines acquisitions, strategic investment strategies, and operational support, Puget intends to provide a one-stop shop for growing companies who need access to both capital and growth resources, while enabling Puget and its stockholders to generate synergies and derive profit through pooled resources and shared goals. Puget’s proposed investment focus ranges from traditional industries like health care that are ripe for business model innovation to new markets that strive to solve big societal problems such as climate change.  

Over a very short time PUGE has put together a stellar management team of executives as well as attracted a growing advisory board and board of directors. The Company brought on new CEO Karen Fordham a highly successful and seasoned healthcare management professional with more than 20 years of diverse experience. They brought on Worthe S. Holt Jr., MD, MMM, a 40-year healthcare professional and former CEO of Wellvana Health. They also recently appointed Carlos H. Arce, Esq. as Chief Legal & Compliance Officer. Others on the PUGE Management team include Thomas Jaspers, Chief Financial Officer, Victor German Quintero Toro, Chief technology officer, Hermann Burckhardt, Chairman, BOD, Nancy C. Detert, Director Nominee, John (Jay) Shiver, MHA, Director Nominee, David E. Burnett, Advisory Board Member, Andrew Spencer, Advisory Board Member, Dr. Pranav Nawani, Advisory Board Member. 

PUGE is currently involved and is doing due diligence on a number of acquisitions. We wrote about many of them in our first article on PUGE here. Below are some more they have listed on their website: 

Proposed Acquisitions 

D & D Rehab Centers, Inc. – Puget has entered into a letter of intent to acquire D & D Rehab Centers, Inc. See press release for details. December 9, 2021 update: Due diligence is ongoing.  

CareSuites – Puget has entered into a letter of intent to acquire Care Suites LLC. See press release for details. December 9, 2021 update: The merger agreement is in legal review.  

Expanded Facilities – Site selection for a new headquarters location in Boca Raton is currently ongoing. Management is reviewing a short list of potential locations to support anticipated growth. Updated estimated timing for lease commencement: by end of September 2021, concurrent with the closing of the BCSF acquisition. We’re still vetting our short list to make sure we’re getting the most efficient space for our growing team. More news to come. 

Technology Acquisitions 

The Puget Board of Directors has requested due diligence reviews from subject matter experts to evaluate the proposals received from three Board of Advisor members pertaining to potential acquisition of photovoltaic nanotechnology for use in improving the performance of solar energy collection devices, including solar panels. Estimated timeline: Q4 2021. 

Puerto Rico  – Efforts to launch business in Puerto Rico are continuing as planned. October 14, 2021 update: Our corporate entity is now set up in Puerto Rico! See blog post for details.  

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In October the Company expanded into the real estate business signing an LOI to acquire Care Suites LLC, a company in the space that will provide turnkey facilities for medical practitioners. Care Suites LLC, intends to take an innovative approach to coworking – enabling medical practitioners to easily transition into individual practice by using CareSuitesTM facilities. CareSuites will offer doctors and other healthcare and wellness professionals the space, equipment, and support they need to start and grow a private practice without the overhead traditionally associated with independent facilities. CareSuites’ space-as-a-service concept is a cost-effective alternative for healthcare professionals to expand their practices into otherwise inaccessible markets. Puget will leverage CareSuites’ properties and infrastructure as it begins implementing its vision of a holistic and comprehensive health care delivery system that makes it easy for patients to access all the care providers that they need. In addition, Puget will benefit from additional revenue in locations used by medical professionals not affiliated with Puget’s other portfolio companies.  

In November PUGE launched a new subsidiary, NOW Health Corp©, a national healthcare company that is aiming to transform the way people access primary healthcare services. Headquartered in Boca Raton, Florida–one of the nation’s largest healthcare hubs–NOW Health plans to serve as a one-stop care center where patients can access multiple services in a single location, from primary care provided by doctors to laboratory tests, prescription medication and more. It will initially provide primary care services at all of its locations. Thereafter, it will expand into the behavioral health space as well as other medical specialties to provide ancillary services to NOW’s patient population. Plans are in the works to establish care centers throughout Florida and eventually in additional markets across the U.S. In many locations, Puget Technologies may own the real estate in which NOW’s services are provided. Puget has already taken steps in this direction by announcing a Letter of Intent in October to acquire Care Suites, LLC, a real estate platform that intends to provide turnkey facilities for medical practitioners. NOW Health Corp, entered into an agreement to acquire four entities in South Florida: Personal Care Medical Group, LLC, Glades Medical Centers, LLC, Primary Medical Physicians, LLC, and, Glades Medical Centers of Florida, LLC. These entities will operate the initial NOW Health primary care locations. 

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PUGE has seen an increased interest in its shares in recent days as it sits, coiled tight just over the $0.004 level. The stock ran to $0.017 in October shortly after the Company went “pink current” and brought on new CEO Karen Fordham. Currently under accumulation PUGE is almost back to where it started and has a gap to fill from current levels. Investors are looking for a breakout back to previous highs – a break over $0.017 and its blue skies ahead. Recently PUGE launched a new subsidiary, NOW Health Corp©, a national healthcare company that is aiming to transform the way people access primary healthcare services. Headquartered in Boca Raton, Florida. PUGE is quickly attracting a growing shareholder base as the Company enters into multi LOIs to acquire Company’s already generating significant revenues. Currently PUGE is in the Due diligence phase of negotiations with D & D Rehab Centers, Inc. and CareSuites LLC, a company in the real estate industry that will provide turnkey facilities for medical practitioners. Care Suites LLC, intends to take an innovative approach to coworking – enabling medical practitioners to easily transition into individual practice by using CareSuitesTM facilities. PUGE has attracted a stellar management team and growing list of executives and professionals on its advisory board and board of directors. We will be updating on PUGE when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PUGE.

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Disclosure: we hold no position in PUGE either long or short and we have not been compensated for this article.

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