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September 25, 2026 8:00 AM EDT | Source: Cheelcare Inc.
Markham, Ontario--(Newsfile Corp. - September 25, 2026) - Cheelcare Inc. (TSXV: CHER) (OTC: CHCRF) ("Cheelcare" or the "Company"), a Canadian innovator in advanced mobility solutions, today announced its financial results for the three months ended July 31, 2026. All figures are in CAD unless otherwise noted.
Operational Highlights (Three Months Ended July 31, 2026)
First Quarter Financial Highlights (Three Months Ended July 31, 2026)
Subsequent to quarter-end, the Company repaid its outstanding bank loans with the Business Development Bank of Canada in full.
"Q1 is the first full quarter where we are beginning to see the commercial impact of Companion's Medicare and Medicaid reimbursement eligibility in the United States, which was received in January 2026," said Eugene Cherny, CEO of Cheelcare. "That expanded access, together with the growth of our dealer and clinician network, is creating more opportunities to put Companion in the hands of users who can benefit from it. Our focus now is on converting that broader reimbursement access and distribution footprint into sustained Companion growth, continuing to improve manufacturing efficiency as volumes increase, and advancing Curio through the engineering, validation and regulatory work required for broader commercialization."
About Cheelcare Inc. Cheelcare designs and manufactures innovative mobility solutions that empower independence for people with disabilities. From the Companion power assist devices to the groundbreaking Curio robotic complex-rehab power wheelchair, Cheelcare combines engineering excellence with human-centered design to improve quality of life. For more information, please visit: www.cheelcare.ca .
For further information, please contact: Sofiya Kagan, Director of Marketing Cheelcare Inc. Tel: 1-888-948-2680 x 206 Email: skagan@cheelcare.com
Forward-Looking Information: This news release may contain forward-looking statements. Forward-looking statements are based on current expectations and involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied. Such factors include, but are not limited to, general economic conditions, market demand, supply chain disruptions, and regulatory approvals. Any forward-looking statements are made as of the date of this news release, and the Company does not undertake to update any forward-looking statements except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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