Welcome to our dedicated page for Numinus Wellness news (Ticker: NUMIF), a resource for investors and traders seeking the latest updates and insights on Numinus Wellness stock.
Numinus Wellness Inc. (NUMIF) is a leader in developing evidence-based psychedelic-assisted therapies for mental health conditions. This dedicated news hub provides investors and stakeholders with centralized access to official updates and strategic developments.
Track critical announcements including clinical trial milestones, regulatory progress, partnership agreements, and financial performance reports. Our curated collection ensures efficient monitoring of Numinus' advancements in depression, anxiety, and trauma treatments through integrated clinic networks and research initiatives.
Key updates cover three strategic pillars: clinical research breakthroughs validating therapeutic protocols, clinic network expansions enhancing patient access, and practitioner training programs ensuring treatment quality. Receive timely alerts on patent filings, research collaborations, and operational optimizations.
Bookmark this page for streamlined tracking of Numinus' progress in transforming mental healthcare through FDA-compliant research and reimbursable treatment models. Visit regularly to stay informed about this innovative leader in psychedelic-assisted therapy development.
Numinus Wellness (TSX: NUMI) has received a positive recommendation from Institutional Shareholder Services (ISS) regarding its proposed acquisition of Novamind. ISS advises shareholders to vote "FOR" the share issuance related to this acquisition, emphasizing expected cost-saving synergies and strategic alignment in the same sector. The Numinus Special Shareholder Meeting is set for June 8, 2022, where shareholders will vote on the Share Issuance Resolution to authorize the issuance of up to 63,010,034 common shares in connection with the acquisition.
Numinus Wellness Inc. has received Health Canada approval to provide psilocybin-assisted therapy for treatment-resistant depression, marking a significant milestone as the first such treatment outside clinical trials. This therapy will be conducted at their Montreal clinic, using synthetic psilocybin sourced from Psygen Labs. The approval allows for innovative mental health treatment under Health Canada's Special Access Program (SAP), which facilitates access to psychedelic compounds for patients who have failed conventional treatments. Numinus aims to expand its offerings in Canada, enhancing access to evidence-based psychedelic therapies.
Numinus Wellness Inc. (TSX: NUMI) (OTC: NUMIF) will participate in a fireside chat at the H.C. Wainwright Global Investment Conference on May 25, 2022, at 3:30 p.m. ET. Founder and CEO Payton Nyquvest will discuss Numinus’ innovative mental health treatments, including psychedelic-assisted therapies. Attendees can register for the event here. The chat will also be available via live webcast and archived on Numinus’ investor relations website.
Numinus Wellness Inc. (TSX: NUMI) (OTCQX: NUMIF) has mailed materials for its special meeting of shareholders scheduled for June 8, 2022. Shareholders are urged to vote by June 6. The meeting will address the proposed acquisition of Novamind Inc., which is expected to significantly enhance Numinus' revenue and profitability. Key benefits include a rapid expansion in the U.S. and an estimated C$3 million in annual cost savings. The interim court order for the transaction was granted on May 6, 2022.
Numinus Wellness Inc. (TSX: NUMI, OTCQX: NUMIF) announced its participation in key psychedelic industry conferences. Notably, at the Catalyst Summit 2022 in Kingston (May 20-22), several executives, including Michael Tan and Sharan Sidhu, will lead panel discussions. Additionally, Numinus will present at the Psychedelic Therapeutics and Drug Development Conference 2022 in Washington, DC (May 23-24), focusing on regulatory navigation. Lastly, at the From Research to Reality Summit in Toronto (May 27-29), research presentations will showcase findings on MDMA-assisted therapy and psychedelics' impact on opioid use.
Numinus Wellness (TSX: NUMI) (OTCQX: NUMIF) has announced the launch of Music As Medicine, a series of ceremonial concerts exploring the integration of music in psychedelic-assisted therapy. The initiative will feature artists like Jon Hopkins and East Forest and will take place in various cities in the U.S. and Canada, starting with an event in Los Angeles on May 21, 2022. This series aims to highlight music's role in mental health and connect communities through innovative therapeutic experiences.
Numinus Wellness reported a remarkable 240% year-over-year revenue growth to $0.8 million for Q2 2022, driven by acquisitions. Gross margin surged to 29.1% from 6.5% in Q1 2022. The company generated a gross profit of $228,759, marking a 349% increase from the prior quarter. Despite these gains, Numinus faced a loss of $7.8 million. The company concluded the quarter with $48.3 million in cash. A proposed acquisition of Novamind is anticipated to increase revenue significantly, positioning Numinus as a leader in psychedelic-assisted therapies.
Numinus Wellness Inc. (TSX: NUMI, OTCQX: NUMIF) will participate in two virtual investor conferences in April 2022. Payton Nyquvest, Founder and CEO, is scheduled to present at the Sequire Cannabis & Psychedelic Conference on April 20 at 1:00 p.m. ET and at the KCSA Psychedelics Investor Conference on April 27 at 1:00 p.m. ET. Numinus focuses on mental health care, developing and delivering innovative therapies, including psychedelic-assisted treatments. For more details, visit www.numinus.com.
Numinus Wellness Inc. (TSX: NUMI) (OTCQX: NUMIF) has initiated the first MDMA-assisted therapy session at its clinics in Montreal and Vancouver as part of the MAPPUSX clinical trial for PTSD. This study is sponsored by the Multidisciplinary Association for Psychedelic Studies (MAPS) and focuses on the safety and efficacy of MDMA-assisted psychotherapy. The Montreal site recently began drug administration under the supervision of experienced therapists. This advancement signifies Numinus's commitment to integrating psychedelic therapies into clinical practice and enhancing treatment accessibility.
Numinus Wellness Inc. (TSX: NUMI) (OTCQX: NUMIF) will participate in Maxim Group's 2022 Virtual Growth Conference from March 28-30, 2022. A presentation by Founder and CEO Payton Nyquvest will be available on-demand starting March 28 at 9:00 a.m. ET. Interested participants can register here. Numinus focuses on innovative mental health care and evidence-based psychedelic therapies aimed at addressing conditions like depression and anxiety.
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