MITI - Mitesco's Good Clinic set to break ground in Minneapolis

Mitesco ([[MITI]] -1.7%) announces that its new clinic operations, “The Good Clinic” has received approval to commence construction of its flagship unit in Minneapolis, owned by Lennar Corporation."We believe the Lennar property is an excellent fit for our clinic, with more than 600 units within the high-rise building and the bustling traffic in the area," says CEO aid Larry Diamond.The board expects total buildout costs to be ~$650K and one-time start-up marketing costs to come around $250K. It has also provided unanimous consent to execute a 7 1/2 year lease."Our current plans are for up to 50 clinics nationwide over the next three years, assuming sufficient funding is available, for a total anticipated financing of up to $50 million, generally using our previously announced Series A Cumulative Perpetual Preferred A stock, which pays a 12% cash dividend,"

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Mitesco's Good Clinic set to break ground in Minneapolis