- Numinus sharpens its focus on streamlining operations and maximizing shareholder returns through a focus on
U.S. operations and strategic adjustments in its Canadian market presence. - Focusing on the Numinus Network in
Canada , a resource-efficient, capital-light model that enhances support for healthcare providers, offering scalable solutions in the rapidly evolving mental health care sector. - Expand its Psychedelic Assisted Therapy (PAT) training program, to equip more professionals with the skills needed to deliver innovative and effective treatments.
As previously announced on
As part of the Strategic Review, Numinus has determined to focus on growth opportunities in
"We believe this decision will support our goal of profitability from our remaining operations and our focus on the significant opportunities available in the
The Canadian Reorganization is a strategic shift for Numinus and will allow it to focus on its clinical operations in
Numinus affirms that any decision by management to complete the Canadian Reorganization will take into account the needs of Numinus patients and employees as well as maximizing benefits of Numinus' stakeholders. Numinus will provide a further update when information is available.
To continue to support healthcare professionals and reinforce its commitment to advancing novel psychedelic-assisted therapies in
No assurances can be provided if an agreement will be reached, or if the Canadian Reorganization will occur. Such decision is subject to further review of the Company, and receipt of the relevant approvals of stakeholders, the Toronto Stock Exchange and other third parties.
The Company further announces that its annual general meeting of shareholders will take place on
Numinus Wellness Inc. (TSX: NUMI) helps people to heal and be well through the development and delivery of innovative mental health care and access to safe, evidence-based psychedelic-assisted therapies. The Numinus model “ including psychedelic research and clinic care “ is at the forefront of a transformation aimed at healing rather than managing symptoms for depression, anxiety, trauma, pain and substance use. At Numinus, we are leading the integration of psychedelic-assisted therapies into mainstream clinical practice and building the foundation for a healthier society.
Learn more at www.numinus.com and follow us on LinkedIn, Facebook (NASDAQ:META), Twitter, and Instagram.
Statements and other information contained in this press release about anticipated future events constitute forward-looking statements and include, but not limited to, statements relating to: the benefits, occurrence and timing of the Canadian Reorganization; the terms of any definitive agreement with the third-party in connection with the Canadian Reorganization, if one is entered into at all, and the receipt of all necessary approval for the Canadian Reorganization. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event "may", "will", "should", "could" or "might" occur or other similar expressions. Forward-looking statements are subject to risks and uncertainties and other factors that could cause actual results to differ materially from those contained in the forward-looking statements, including challenges and uncertainties inherent in product and/or treatment development and in the psychedelics industry generally, availably of suitable subjects, the uncertainties of clinical success, the possibility of adverse events, and the timeline for the availability of the treatment under investigation; the laws, challenges and risks involved in the production of a psychedelics drug; and the uncertainty of the level of demand, uptake and/or insurance coverage for treatment other risks that are set forth in and other risks that are set forth in our annual information form dated