Numinus Wellness Inc. Stock Price, News & Analysis

Numinus Wellness Inc. (TSX: NUMI, OTCQX: NUMIF) has reported significant growth following its acquisition of Novamind, which was completed on June 10, 2022. In August, the company recorded over 6,200 client appointments, a 25% increase compared to July, with 4,900 appointments at its eight US wellness clinics. Numinus is launching new financing options in Canada to enhance accessibility for clients. The company plans to rebrand its physical clinics by the end of 2022. Financial results for its fourth quarter will be disclosed on November 29, 2022.

Numinus Wellness Inc. (TSX: NUMI) (OTCQX: NUMIF) announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference, scheduled for September 12-14, 2022, at the Lotte New York Palace Hotel. Numinus will present on September 13 at 9:00 a.m. ET. Interested attendees can register here. Numinus is dedicated to advancing mental health care through innovative and evidence-based psychedelic-assisted therapies.

Numinus Wellness Inc. reported a 32% year-over-year revenue growth to $0.74 million for Q3 2022, driven by a 59.5% increase in clinic network revenues. With a 24.4% gross margin reflecting $180,845 in gross profit, the company ended the quarter with $41.8 million in cash. The acquisition of Novamind, finalized on June 10, 2022, positions Numinus as a leader in psychedelic-assisted therapies, expected to enhance revenue and operational growth towards profitability within two years.

Numinus Wellness Inc. (TSX: NUMI, OTCQX: NUMIF), a leader in innovative mental health care, will announce its financial results for Q3 2022 on July 14, 2022, after market close. A conference call and webcast will follow at 5:30 p.m. ET to discuss performance and initiatives. Interested participants can register for the live session and access the archived version later. Numinus aims to transform mental health treatment through psychedelic-assisted therapies, focusing on healing rather than merely managing symptoms.

Numinus Wellness Inc. (NUMIF) announced a major rebranding initiative to unify its presence across North America, set to be completed by the end of 2022. The new visual identity aims to enhance brand awareness and market presence as Numinus continues its growth in providing psychedelic-assisted therapies for mental health. The rebranding will be executed in phases, starting with current assets and later including subsidiaries. This strategic move reflects Numinus' commitment to innovative mental health care and aims to strengthen connections with its audiences.

Numinus Wellness Inc. (TSX: NUMI) (OTCQX: NUMIF) announced its subsidiary, Numinus Bioscience Inc., has filed a patent application with the World Intellectual Property Organization (WIPO) for a rapid psilocybin production process. This enhances its initial USPTO filing from June 2021 and aims to secure international patent protection across member states. The process is designed to improve production efficiency while lowering commercialization costs, expanding potential therapeutic applications to various fungi. The company emphasizes its commitment to advancing mental health treatments through innovative research and development.

Numinus Wellness has completed its acquisition of Novamind, following necessary shareholder and court approvals. Numinus shareholders received 0.84 shares of Numinus for each Novamind share. The transaction enhances Numinus' operations, expanding its clinics and research facilities, and is projected to increase annual revenues to C$11.9 million. Key executive appointments include Reid Robison as Chief Clinical Officer and Paul Thielking as Chief Science Officer. The integration will allow for a broader range of mental health services and continued growth opportunities.

Novamind Inc. has successfully completed its acquisition by Numinus Wellness Inc., following the Supreme Court of British Columbia's final order. As part of this plan of arrangement, holders of Novamind shares will receive 0.84 of a Numinus share for each Novamind share they own. Consequently, Novamind shares will be delisted from the Canadian Securities Exchange, and the company plans to cease its public reporting obligations. This acquisition is anticipated to enhance Numinus's portfolio in the psychedelic medicine sector, positioning the combined entity for future growth.

Numinus Wellness Inc. (NUMIF) announced that its shareholders and Novamind shareholders have approved the acquisition of Novamind Inc. The transaction is set to be completed on or about June 10, 2022. Numinus aims to establish itself as a leader in mental wellness in North America, offering innovative therapies including Ketamine and psychedelic-assisted treatments. Over 98% of Numinus shareholders voted in favor of issuing up to 63,010,034 common shares to Novamind securityholders. The completion is pending approval from the British Columbia Supreme Court and standard closing conditions.