Aion Therapeutic Announces Closing of Non-Brokered Private Placement

Toronto, Ontario–(Newsfile Corp. – December 23, 2020) –  Aion Therapeutic Inc. (CSE: AION) (“Aion Therapeutic” or the “Company“) is pleased to announce the closing of a non-brokered private placement through the issuance of 15,384,615 units (“Units“) at a price of $0.065 per Unit for gross proceeds of $1,000,000 (the “Offering“). The proceeds of the Offering will be used for general working capital purposes.

Each Unit is comprised of one common share (“Common Share“) of the Company and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder thereof to purchase one Common Share for a period of twenty-four months from the closing of the Offering (the “Expiry Date“) at a price of $0.15 per Common Share. Furthermore, the Company has the right to accelerate the Expiry Date to be thirty days following written notice to the holders, if during the term of the Warrants the Common Shares close at or above $0.20 per Common Share on each trading day for a period of ten consecutive trading days on the Canadian Securities Exchange.

The completion of the Offering is subject to certain closing conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the final approval of the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Aion Therapeutic Inc.

Aion Therapeutic Inc. (formerly, Osoyoos Cannabis Inc.) has a joint-venture agreement with a private, vertically-integrated licensed producer under the Cannabis Act (Canada) to offer contract tolling extraction services to third-party businesses. Additionally, the Company recently acquired 1196691 B.C. Ltd. d/b/a “PCAI Pharma” (www.pcai.ca) and its wholly-owned subsidiary AI Pharmaceuticals Jamaica Limited, a private corporation incorporated and operating under the laws of Jamaica. The business of AI Pharma involves, research and development, treatment, data mining and state-of-the-art artificial intelligence (machine learning) techniques, focused on the development of combinatorial pharmaceuticals, nutraceuticals and cosmeceuticals utilizing compounds from cannabis (cannabinoids), psychedelic mushrooms (psilocybin), fungi (edible mushroom), natural psychedelic formulations (Ayahuasca), and other medicinal plants in a legal environment for this type of discovery. In addition, the Company is creating a strong international intellectual property portfolio related to their discoveries.

For further information, please contact:

Investor Relations & Financial Media
Integrity Media Inc.
team@integritymedia.com
Toll Free: (888) 216-3595
www.IntegrityMedia.com

Aion Therapeutic Inc.
Graham Simmonds
Executive Vice Chair & CEO
(416) 843-2881

DISCLAIMER & READER ADVISORY

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “may”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include regulatory and other third-party approvals; licensing and other risks. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70947

INN: Psychedelics Outlook 2021: How Far Can This Industry Go?

Click here to read the previous psychedelics outlook. 

With interest in psychedelics investing starting to gain steam, companies and experts continue to point to the long road ahead in 2021 and beyond for the market.

Investor patience and belief in the sector will be tested as companies continue the arduous task of proving the efficacy of psychedelic drugs. While money-making opportunities will appear, new drug development programs will still take significant time.

Following the most critical year for psychedelics investment, how will 2021 stack up in the grand scheme and what’s at stake for investors?

Here the Investing News Network (INN) offers investors a look at what’s to come for the new segment in 2021 directly from experts and those involved in this space.

Psychedelics outlook 2021: What should investors know before diving in?

New marketplaces can be challenging to jump into, and psychedelics is no different. So far executives and experts agree in recommending a long-term approach to investors.

“Drug development takes time and is capital intensive, so investors should focus on those companies that are sufficiently capitalized and have a team with a strong track record to bring these treatments to market,” Doug Drysdale, CEO of Cybin (NEO:CYBN), told INN.

Drysdale’s comment hints at the psychedelics industry’s biggest identifier, which is that it is most closely related to the often slow-paced life science sector. According to one executive, this means companies’ plans will require significant time to develop.

“In many regards, we, and many other companies in the space, are traditional biotechpharmaceutical and drug discovery firms, advancing psychedelic molecules through the conventional and established scientific, regulatory and legal framework required to bring any drug to a mass market,” said Timothy Ko, CEO at Entheon Biomedical (CSE:ENBI).

While companies may still perform as they work through these long pipelines, many experts cautioned that investors will not see a new rush similar to the one seen previously in Canada’s cannabis arena.

“It is a drug discovery, mental health, biotech play — not recreational and not cannabis,” Bill O’Hara, managing partner at LACG Capital and former managing director of institutional equity sales with Haywood Securities, explained to INN.

Ko agreed with O’Hara, telling INN that he thinks one of the biggest misconceptions in the psychedelics industry is that it is similar to the cannabis space.

Kelsey Ramsden, president and CEO of Mind Cure Health (CSE:MCUR,OTCQB:MCURF), said investors should pay close attention to the revenue horizons for companies in the space, and should also look for strong management teams and unique strategies.

“I think this will help investors land safely with companies who will create realizable value,” she said.

Psychedelics outlook 2021: Could big acquisitions be on the way in 2021?

With increased investor attention and potential upcoming medical approvals quickly changing the realities of the psychedelics space, one question has started to gain steam in this market: How likely is it for a big-name pharmaceutical entity to eye an early entry?

“It’s sort of becoming impossible to ignore in terms of the scientific evidence that’s accruing … and the potential that these compounds have for treating mental health conditions,” Adele Byrne, senior analyst with drug research firm Prohibition Partners, told INN.

During an online forum in August, Kris Miks, partner at Norton Rose Fulbright Canada, went so far as to say that major entries will be born out of companies’ desire to not be left behind.

“I think there’s going to be more of an appetite and more of an interest from large pharma to get into the space early and see if they can get involved,” Miks said at the time.

While the industry awaits a potential entry, it is undeniable that the sector has already seen significant investment from large figures in the market at large. Players like Peter Thiel, Kevin O’Leary and Bruce Linton have all thrown their support behind the psychedelics opportunity.

“Psychedelics are finally having their day in the sun — not as recreational drugs but as medicines to address society’s problems with mental illness and addiction — and I’m one of the many Wall Street investors who are now backing them,” O’Leary wrote in an op-ed.

When it comes to predictions, Leonard Lerer, CEO and founder of Back of the Yards Algae Sciences, a sustainable biotechnology firm that has committed to the benefits of entheogens, said 2021 may bring big opportunities for mergers and acquisitions.

“In 2021, we will see the first serious moves by the biopharmaceutical giants in this space,” Lerer said.

Josh Bartch, CEO of Mydecine Innovations Group (CSE:MYCO), told INN he sees next year as an opportunity for knowledge about psychedelic substances to grow.

“We see 2021 as a year of progress and continued public acceptance. With numerous clinical and R&D initiatives happening globally, much-needed information and discoveries will be uncovered during the upcoming year,” Bartch said.

Psychedelics outlook 2021: Investor takeaway

The psychedelics investment market is on pace to keep expanding and commanding the attention of more investors in 2021. With this uptick in attention, the industry will have to continue delivering results and proof of its promise in treating various mental health conditions.

As with any new market, it’s important for investors to remember that these are still the early days, and with this particular space the key theme is how much time it will take to mature.

“We have only just begun, there are a lot of companies entering the space who will not be here a year from now — the beginning of a new segment is always like this,” Ramsden said.

Don’t forget to follow @INN_LifeScience for real-time updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Cybin and Mind Cure Health are clients of the Investing News Network. This article is not paid-for content.

The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

TRYP THERAPEUTICS APPOINTS PETER GUZZO, PHD, AS VICE PRESIDENT, DRUG DEVELOPMENT

La Jolla, CA – December 22, 2020 – Tryp Therapeutics Inc. (“Tryp” or the “Company“) (CSE: TRYP) a pharmaceutical company focused on identifying and developing compounds for diseases with high unmet medical needs, announced today it has appointed Dr. Peter Guzzo as its Vice President of Drug Development.

Dr. Guzzo has devoted his entire 25-year professional career to innovative therapeutics for poorly treated diseases. He has been involved in drug discovery, clinical research, and executive level roles. He has led cross-functional teams that delivered eleven innovative drugs into clinical development. His experience collaborating with pharma, biotech, academic institutions and contract research organizations will help us execute and push forward our drug development pipeline. Dr. Guzzo has broad knowledge in several therapeutic indications including central nervous system diseases, metabolic disorders and oncology, intellectual property creation, and building entrepreneurial teams. He is an inventor on 43 patents, co-authored 47 scientific publications, and presented 28 invited lectures.

Dr. Guzzo received his PhD from University of Notre Dame and conducted postdoctoral studies at Rensselaer Polytechnic Institute.

“We are pleased to attract someone of Pete’s drug development talent to the Tryp team,” said Dr. Jim Kuo, CEO, “I have previously had the privilege of working with Peter and know first-hand of his successful product development track record. His considerable experience will play a key strategic role in transitioning us into clinical testing”.

About Tryp Therapeutics:

Tryp Therapeutics is a pharmaceutical company focused on developing compounds with known activity and/or safety profiles for the treatment of rare diseases and other diseases with high unmet medical needs.  Tryp’s psilocybin-for-neuropsychiatric disorders, or PFN™, program is focused on the development of synthetic psilocybin as a new class of drug for the treatment of certain neuropsychiatric-based disorders.  Tryp’s lead PFN™ drug candidate is TRP-8802 for the treatment of fibromyalgia, a chronic pain syndrome estimated to affect more than 5 million people in the United States.

In addition to its PFN™ Program, Tryp is developing TRP-1001, an oral formulation of razoxane for the treatment of soft tissue sarcoma.  Soft tissue sarcomas are a rare and diverse group of tumors that account for about 1% of all cancers in adults and 7% in children.  Based on the prevalence of soft tissue sarcomas in the United States, Tryp believes it is a rare disease and that TRP-1001 should qualify for Orphan Drug status.

Contact: 

Tryp Therapeutics Inc.
James Kuo, MD, Chief Executive Officer

Contact us at:
T: 1-833-811-TRYP (8797)
E: investors@tryptherapeutics.com
W: www.tryptherapeutics.com

Forward-Looking Information

Certain information in this news release, including statements relating to the anticipated date that the Common Shares will commence trading on the Canadian Securities Exchange constitutes forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events.

Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the “Risk Factors” section of the Prospectus available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

HAVN LIFE SCIENCES AND NESTERS MARKET, A LEADING CANADIAN RETAILER OF NATURAL HEALTH AND WELLNESS PRODUCTS, ANNOUNCE AN AUTHORIZED PRODUCTS LISTING

Nesters Market retail chain, will list and promote the full range of Havn Life’s natural health supplements across its stores in British Columbia in Q1 2021.


Vancouver, BC – Havn Life Sciences Inc. (CSE : HAVN) (FSE : 5NP(the “Company” or “Havn Life”), a biotechnology company pursuing standardized extraction of psychoactive compounds, the development of a full range of natural healthcare products, and innovative mental health treatment, is pleased to announce a product listing agreement for a range of Havn Life’s natural health products, which will be sold in select Nesters Markets in British Columbia.

The range of products will hit shelves across British Columbia in Q1/Q2 of 2021.

“This is a major milestone for Havn Retail, enabling us to reach our goal of launching our initial product line in the market for early 2021. Nesters Market is recognized across British Columbia as a provider of high quality items and has been an early adopter of many new product lines, Havn Life’s formulations are bioavailable and naturally-derived and are created with human optimization in mind. The products have been thoughtfully formulated with adaptogens and antioxidants to aid in overall brain health.” said Tim Moore, CEO of Havn Life.

 

Seven formulations are to be included in Havn Life’s initial product launch:

  • Mind Mushroom: A blend of four mushrooms, mind is designed to help balance the immune system, fight cell damage and increase energy.
  • Bacopa Brain: Bacopa is a powerful plant extract that is clinically proven to support cognitive function and the nervous system.
  • Rhodiola Relief: Formulated to support mental focus and mental stamina.
  • Cordyceps Perform: Cordyceps mushrooms help support a healthy immune system.
  • Chaga Immunity: Chaga mushrooms help stimulate the immune system and control inflammation in the body.
  • Reishi Recharge: this multi-purpose mushroom has also been used in Traditional Chinese Medicines to strengthen the heart to reduce fatigue, insomnia and appetite as well as coughs and wheezing.
  • Lion’s Mane Memory: Lion’s mane helps maintain and balance the immune system.

“We are excited to get our first range of products to market next year and will continue to develop formulations that can support brain health,” says Gary Leong, Chief Science Officer. “We have the opportunity to leverage our scientific expertise to deliver effective products. These products are supported with the latest scientific evidence and the most stringent quality and manufacturing standards,” Gary Leong.

“As we introduce these products to market, Havn Life will utilize a multi-pronged distribution strategy including online, retail, subscription and other channels to reach a broad customer base and deliver a quality customer experience,” said Tim Moore

 

On Behalf of The Board of Directors
Tim Moore
Chief Executive Officer


About Havn Life Sciences Inc.

Havn Life Sciences is a Canadian biotechnology company pursuing standardized extraction of psychoactive compounds, the development of natural healthcare products, and innovative mental health treatment to support brain health and enhance the capabilities of the mind. Learn more at: havnlife.com and follow us on FacebookTwitterInstagram and Youtube.

Connect

Investor Relations
ir@havnlife.com
604 (687)-7130

Facebook: @havnlife
Twitter: @havnlife
Insta: @havn.life
LinkedIn: @Havn Life

Media Contact
Brittany@exvera.com
778-238-6096

Novamind Receives CSE Conditional Listing Approval Under the Ticker “NM”

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws

TORONTO, ON / ACCESSWIRE / December 22, 2020 / Further to the July 5, 2020, November 17, 2020 and November 23, 2020 press releases issued by Novamind Inc. (formerly Hinterland Metals Inc.) (the “Company”) and Novamind Ventures Inc. (“Novamind”, and together with the Company, the “Parties”), the Parties are pleased to announce that they have received conditional approval from the Canadian Securities Exchange (the “CSE”) for listing of the common shares of the Company (the “Common Shares”) following the completion of the previously announced reverse takeover transaction (the “Transaction”) with Novamind. The Parties will carry on the business of Novamind, a leading mental health company specialized in psychedelic-assisted psychotherapy.

Subject to final CSE approval, the Common Shares of the Company are expected to commence trading on the CSE under the ticker “NM” on or about January 5, 2021.

Novamind shareholders will receive their Common Shares by email in the form of Direct Registration System (“DRS”) statements that can be deposited for trading. The DRS statements are expected to be emailed to all Novamind shareholders no later than December 24, 2020.

About Novamind
Novamind is a leading mental health company enabling safe access to psychedelic medicine through a network of clinics, retreats, and clinical research sites. Novamind provides ketamine-assisted psychotherapy and other novel treatments through its network of Cedar Psychiatry clinics and operates Cedar Clinical Research, a contract research organization specialized in clinical trials and evidence-based research for psychedelic medicine. Both Cedar Psychiatry and Cedar Clinical Research are wholly-owned subsidiaries of Novamind. For more information on how Novamind is enhancing mental wellness and guiding people through their entire healing journey, visit www.novamind.ca.

About the Company
The Company is an unlisted Canadian public company, reporting in the provinces of British Columbia, Alberta and Quebec.

Contact Information
Novamind
Yaron Conforti, CEO and Director
Telephone: +1 (647) 953 9512

Bill Mitoulas, Investor Relations
Email: bill@novamind.ca

None of the securities to be issued pursuant to the Transaction have been or will be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and any securities issued pursuant to the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Completion of the Transaction is subject to a number of conditions. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Listing Statement (or other disclosure documents to be prepared by the Parties) to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company or Novamind should be considered highly speculative.

The CSE has not in any way passed upon the merits of the Transaction and have neither approved nor disapproved the contents of this press release. Approval of the CSE for the listing of the Common Shares will be subject to, among other things, satisfying the listing requirements of the CSE. There can be no assurance that the approval of the CSE regarding the listing of the Common Shares will be obtained.

All information contained in this news release with respect to Novamind and the Company was supplied by the parties, respectively, for inclusion herein, and each parties’ directors and officers have relied on each other for any information concerning such party.

Forward-Looking Statements This news release contains forward-looking statements relating to the timing and completion of the Transaction and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the expectations of Novamind and the Company include the failure to satisfy the conditions to completion of the Transaction set forth above and other risks detailed from time to time in the filings made by the Parties under securities regulations.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Parties. As a result, the Parties cannot guarantee that the Transaction will be completed on the terms and within the time disclosed herein or at all. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Parties will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law. SOURCE: Novamind Inc.

Mydecine Speaker Series: Psychedelic Solutions

Published at truffle.report.com.

By TANYA IELYSEIEVA

Panellists at the Mydecine Speaker Series last week highlighted the present and future potential of psychedelic therapies in relation to the mental health crisis.

The panel was hosted virtually on December 15 by the Microdose Psychedelic Insights and was moderated by Business Insider journalist Yeji Lee.

Panellists included Ruth Lanius, Professor of Psychiatry and director of the PTSD research unit at the University of Western Ontario, Robin Carhart-Harris, head of Centre for Psychedelic Research, Imperial College London and Mydecine’s scientific advisory board member, Rakesh Jetly, OMM, CD, MD, FRCPC, and Mydecine’s Chief Medical Officer, Robert Roscow, Chief Scientific Officer and Co-Founder of Mydecine.

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Mental Illness and The Function of Psychedelics as Treatment

Lee began the panel by asking participants for their thoughts on how recent studies shed new light on both mental illness and the function of psychedelics as treatment, and what technologies and methods, in particular, have had an impact on the field.

Lanius spoke about how recent developments, both for psilocybin and MDMA, have shown some promising effects in treating PTSD and depression. Lanius, who has spent the last two decades researching what happens in the minds and bodies of traumatized individuals, added that from her personal experience, “some clients, who’ve tried a lot of therapeutic modalities, have found the psychedelic treatments most beneficial. That’s not for all, but that’s certainly for some.”

“We often see in psychiatric disorders that the brain gets locked in certain patterns, and I think that promotes the distress individuals feel. And there’s a hypothesis, of course, that the psychedelic treatments can push people out of these locked places in the brain and reset the brain,” Lanius said.

Jetly, who has been a psychiatrist with the Canadian Armed Forces for 20 years, stressed that medical workers, who start their careers, are committed to evidence-based treatments, including cognitive behavioural therapy. However, as they get older, doctors start noticing where the evidence-based treatments end, who it doesn’t help, and why it doesn’t work.

“If we’re lucky in PTSD’s conventional treatments, medication and psychotherapy, it helps 50-60 percent of people. It’s a huge number of dropouts, and it’s extremely difficult,” Jetly said.

“I’ve been searching for the last decade for what else we can offer people when the evidence-based treatment doesn’t work. That’s why, scouring, looking for the evidence and looking for compelling research, it’s hard to ignore the quality research that’s being done in this space, whether it’s psilocybin, whether it’s MDMA. I think, for me, that’s trying to find something else that we can offer people that can help them,” he continued.

Psychedelic Research is ‘Not Shady Stuff Around The Corner’

Responding to a question by Lee about why there’s been a halt on new developments around mental health medications and treatments, Jetly said it is important to demonstrate the safety and efficacy of these psychedelic substances and to convince the regulatory bodies that this is “not shady stuff around the corner and this is completely above board.”

Lanius, agreeing with the comment by Jetly, said, “It’s so important to do these studies in a very meticulous, a very scientific way, and to follow people as long as we can to see the long-term effects. We can examine the long-term effects. I think people will want to know that, tracking what happens neurobiologically but also on a bodily level. Because that trauma has a big effect on the inflammatory markers, I think people will be curious to see if we can change mind, brain and body with these treatments, how can we change them and how long does it last.”

Roscow added that the most interesting aspect of this research is that these psychedelic substances address multiple systems and are active not only in the nervous system but in the digestive system, immune system, as inflammation response, and it is “an open question in this area of research as to how that branches into other conditions or helps more nuanced ways addressing the primary conditions like PTSD and depression.”

Psychotherapy and Psychedelic Treatment

As the discussion moved forward, Lee asked panellists about the process of psychedelic-assisted psychotherapy.

“There are different phases of it. There’s the preparation phase that, in my opinion, needs to look as closely to the psychedelic as possible. Things are very predictable for the client when they have these hallucinatory experiences and enter this different world. They’ve been grounded in the first session, pre-psychedelic, and that gives them a foundation and a holding environment to have this experience. During the psychedelic experience, the therapist again provides a container holding environment and provides safety for the patient to be able to form new connections, to reflect, and to experience new things,” Lanius explained.

“There’s also a place to start thinking about the follow-up care and how we can approach the follow-up care now that the individual sense of self is shifted. They’ve experienced new things, new avenues have opened up for them. How do we continue to process that with an individual? To foster a new sense of being in this world, which I think is something we want to achieve through good treatment,” she continued.

Jelty agreed to Lapius’s point and stressed out that “you want to guide, but you don’t want to get in the way.”

Pivotal Mental State and a Path for Treatment

According to Carhart-Harris, who has been researching psychedelics for 15 years, a pivotal mental state is referring to a few key criteria.

“One is that these states are hyperplastic. So, within these states, there is an exceptional ability for the mind, the brain and behaviour to be changed in relation to the conditions that those systems are in during that period. Also, those changes can be particularly marked or dramatic,” Carhart-Harris explained.

“What I discovered, while researching around this, was that stress is a particularly reliable condition in which these pivotal mental states defined by hyper plasticity, sensitivity to context and an upregulation of the serotonin receptor system, stresses a reliable natural way of inducing these states. And that makes sense to me in terms of the phenomenology around transformative psychological experiences that are often preceded by crisis, intense stress and prolonged stress. For me, working these things out, it’s a hypothesis and it’s there to be tested, and help me understand why we might have this system in our brains and bodies that can be engaged in the particularly challenging conditions where a period of intense plasticity might help us. Because maybe our lives depend on our ability to be exceptionally adaptive because whatever strategies, cognitive, behavioural aren’t working, maybe our life is in danger in some way, and something needs to give, something needs to change. It’s sort of understanding outside of the context of psychedelics; what can happen in the brain, what changes, what processes can play out that induce something akin to a psychedelic like experience that seems to engage the same pharmacological and other neurobiological mechanisms that psychedelics kind of hack, or hijack,” he continued.

The Rise of Interest and its Impact on Modern Society

Answering the question about the current state of psychedelic interest, Lanius said people feel “really stuck” with the current treatments.

“We’ve got some great treatments. However, a lot of people don’t progress, and a lot of people drop out. I think people are feeling stuck, they are feeling frustrated, and I think they’re ready to explore something new,” Lanius said.

Roscow, agreeing with Lanius, said, “That couldn’t have necessarily happened without the increase in the quality of the data that’s been associated with it. There’s been strong hints and strong pieces of data out of a piecemeal of research over the last 50 years, and because the quality of the data is caught up with it, I think it’s becoming much harder to argue against and that aspect that balance is what I see a shift in.”

Carhart-Harris said that he is “very much enjoying the present mainstreaming of things.”

“It’s affirming. I remember the days of speaking to people at conferences where they would scoff at the triviality of studying how psychedelic drugs work in the brain. It is great, and it translates into more resources to do research, to ask more questions, and indeed, build that critical mass of evidence,” Carhart-Harris said.

“There’s a lot of this to be processed, nuances in relationships and new ways of thinking about mental health itself, as well as interventions for mental health. I do believe it’s very healthy. Having done a trial where we’ve gone head-to-head with conventional treatment for depression, that’s helped contextualize for me quite how different psychedelic therapy is to standard antidepressant medication, for example,” he continued.

Jelty believes that psychedelic research gave a voice to the patients as well.

“We’ve increased awareness of mental illness; it’s come out of the shadows. So, guess what, at a point, it was no longer stigmatizing and even talked about it. But beyond talking about it, they’re now demanding, they, sort of saying, ‘what you are giving us is not good enough’,” Jelty said.

Mydecine Innovations Group Engages ethica CRO as Contract Research Organization Partner for Phase 2A PTSD Clinical Trials

Published at globenewswire.com.

DENVER, Dec. 21, 2020 (GLOBE NEWSWIRE) — Mydecine Innovations Group (CSE: MYCO) (OTC: MYCOF) (“Mydecine” or the “Company”), an emerging biopharma and life sciences company committed to the research, development, and acceptance of alternative nature-sourced medicine for mainstream use, announced that it has engaged ethica CRO (“ethica CRO”), a full-service Contract Research Organization (“CRO”) that conducts and manages ethical clinical research on drugs, biologics, medical devices and more, as the contract research organization (“CRO”) for its upcoming Phase 2A PTSD clinical trials.

ethica CRO is a full-service, global CRO that provides drug development services to biopharmaceutical companies in clinical trials. ethica CRO provides a complete range of clinical study management and biometrics services for clinical research phases I through IV. Since its inception in 2002, ethica CRO has dedicated its efforts to bring a new dimension to the clinical research industry, the ethical dimension, focused on integrating research participants as partners in research rather than simply subjects of research. ethica CRO was the first CRO in the world to be accredited for its human research protection program in 2006 and is the only CRO in the world to have achieved accreditation from three different accrediting bodies

“We are excited to bring on a high-caliber partner in ethica CRO, which has extensive expertise in managing clinical studies to the highest standards of ethical and clinical practice, as the CRO for Mydecine’s upcoming Phase 2A PTSD clinical trials,” commented Josh Bartch, CEO of Mydecine Innovations Group. “Engaging ethica CRO is one of the key pieces of our preparations as we explore how the brain responds to psychedelics and develop a better understanding of the biological underpinnings created by the psychedelic experience. We maintain that their insight and unparalleled experience in trials of this nature provide the best opportunity to further drive Mydecine’s clinical development. We believe that with ethica CRO’s deep clinical experience, and through our achievements in trial preparation, we are optimally positioned for our upcoming Phase 2A PTSD clinical trials in Veterans in Canada and the United States.”

ethica CRO’s dedication to research participant protection made it a partner of choice for the Canadian Department of National Defence. ethica CRO has participated in a series of clinical development programs with the Canadian DND and various NATO allies, most notably synthetic cannabinoids in the treatment of PTSD, injectable antidotes to chemical weapons, and skin decontamination kits for neutralizing chemical warfare agents.

“Psychedelics and psychedelic-assisted therapies are rapidly proving to be some of the most exciting developments in mental health treatment in decades,” said Murray Jensen, Managing Director of ethica CRO. “Mydecine’s ambitious approach to researching and tackling the mental health challenges facing veterans and other frontline workers aligns with our values and mission at ethica and we are excited to hit the ground running with the Mydecine team as they push forward in their pursuit to transform mental health.”

Mydecine’s international Phase 2A clinical trials will focus on psilocybin-assisted psychotherapy to treat chronic PTSD in veterans and EMS personnel. The research will take place at Leiden University Medical Centre in the Netherlands; the University of Western Ontario; and the University of Alberta, with other clinical sites on the horizon in the USA, Europe, and Australia. Through these trials, Mydecine hopes to establish the safety and efficacy of psychedelic administered psychotherapy in a safe and supervised setting, utilizing strict protocols approved by research ethics boards and build upon the body of work that has led to psilocybin-assisted psychotherapy to receive “breakthrough” status by the FDA.

About Mydecine Innovations Group
Mydecine Innovations Group™ is an emerging biopharma and life sciences company dedicated to developing and commercializing innovative solutions for treating mental health challenges and enhancing wellbeing. The company’s world-renowned medical and scientific advisory board is advancing a robust R&D pipeline of psychedelic derived therapeutics, novel compounds, therapies, and controlled drug delivery systems. Mydecine has exclusive access to a full cGMP certified pharmaceutical manufacturing facility with the ability to import/export, extract, and analyze natural and synthetic psychedelic compounds with full government approval through Health Canada. Mydecine’s portfolio companies Mydecine Health Sciences™, Mindleap Health™, and NeuroPharm™ position the company at the forefront of disruptive modern medicine.

Learn more at: https://www.mydecine.com/ and follow us on FacebookTwitter, and Instagram.

About ethica CRO Inc.
Founded in 2002, ethica CRO is a full-service contract research organization (CRO) that conducts all clinical phases of ethical research for new and innovative treatments on behalf of the pharmaceutical, biotechnology, medical device and natural health product industries. ethica CRO was the first Contract Research Organization (CRO) in the world to be accredited for its human research protection program in 2006 and is the only CRO in the world to have achieved accreditation from three different accrediting bodies. Human research protection program (HRPP) accreditation by an independent, industry-recognized organization confirms that an organization’s processes ensure the respect and protection of research participants, and that its services meet or exceed industry standards.

Learn more at: www.ethicaCRO.com and follow us on Twitter and LinkedIn.

Psychedelics Industry Gearing Up For an Even Bigger 2021

Published at prnewswire.com.

NEW YORK, Dec. 21, 2020 /PRNewswire/ — Investments continued flowing into the psychedelic medicine sector this year and will likely continue in 2021 as mental illness cases rise across the globe. The World Health Organization (WHO) estimates that 700 million cases of mental and neurological disorders are reported annually, accounting for 13% of global disease burden. Of course, these are only reported cases, so the number is likely much higher and will likely rise further due to the ongoing health crisis. Luckily, growing awareness around mental illness has led to a slew of research and development for effective novel treatments to help combat the growing mental health crisis. Psychedelic medicine for mental illness is one area that has gained the spotlight after Johnson & Johnson’s (NYSE: JNJ) severe depression drug was handed approval. Now, a number of psychedelic-focused companies like Mydecine Innovations Group Inc. (CSE: MYCO) (MYCOF)COMPASS Pathways Plc (NASDAQ: CMPS), Tonix Pharmaceuticals (NASDAQ: TNXP), and Numinus Wellness Inc. (NEO: NUMI) (TSXV: NUMI) (OTCPK: LKYSF) are joining the fight against mental illness with a variety of promising, psychedelic-based treatments.

Biopharma and life sciences company Mydecine Innovations Group is focused on developing and commercializing innovative solutions to treat mental health problems and enhance well being. Since the beginning of 2020, the company has hit several significant milestones to help progress its robust pipeline of psychedelic derived therapeutics, novel compounds, therapies, and controlled drug delivery systems.

Mydecine Innovations Edges Towards FDA Filing

Sentiments toward psychedelic-derived medicines have evolved significantly in the last couple of years, especially following the US Food and Drug Administration’s (FDA) approval of  Johnson & Johnson’s (NYSE:JNJKetamine-like drug treatment for severe depression in March 2019. The FDA approved Spravato as a fast-acting treatment for patients with hard-to-treat depression and it became the first of several psychoactive substances moving through the US regulatory process. The administration has since granted Breakthrough Therapy Designation to two psychedelic treatments, paving the way for others to follow suit.

Mydecine Innovations Group just announced that it has partnered with ProPharma Group to proceed with the FDA filing and approval of its drug development platform and various stage clinical trials. ProPharma is the leading provider of regulatory and compliance services to the pharmaceutical, biotech, and medical device industries with “a strong track record of working with life sciences and biopharma companies to ensure full compliance with all FDA regulations, including all necessary steps for eventual global federal approvals.”

Earlier this month, Mydecine Innovations reached another exciting milestone by completing its first commercial harvest of 20 kilograms of psilocybin mushrooms at its research and cultivation facility in Jamaica. The company is now preparing to export the harvest to its Canadian cGMP Facility, which holds a Health Canada schedule 1 Dealer’s License, allowing for legal import.

Once Mydecine’s facility receives the psilocybin mushrooms, they will be extracted, refined, and turned into a cGMP product that can be used for controlled therapeutic purposes. The final product will be available for purchase by licensed institutions and companies conducting clinical research of these compounds to treat various health conditions like anxiety, addiction, depression, and PTSD. Portions of the harvest will also be kept for Mydecine’s proprietary genetic, pharmacology, and clinical research, including psilocybin-assisted psychotherapy to treat PTSD in veterans and frontline workers.

Another company looking to combat PTSD is Tonix Pharmaceuticals (NASDAQ:TNXP), although it isn’t using psychedelic compounds in its formulation like Mydecine. The company began studying TNX-601 (tianeptine oxalate) for the treatment of PTSD in September 2019. However, Tonix hit a speedbump in its Phase III RECOVERY study in February 2020 and decided to stop enrollment in the study following inadequate results. However, Tonix has since gone back to the drawing board and recently outlined a new statistical method to analyze future PTSD drug studies.

Growing Number of Psychedelic Companies Entering the Public Markets

The psychedelic drugs market is forecast to grow at a CAGR of 16.3% to reach $6.85 billion by 2027, fueled by the growing acceptance of psychedelic-derived meds to treat mental health coupled with the rising prevalence of mental disorders like depression and anxiety. Loosening legislation is also favoring the psychedelics market, leading to a growing number of psychedelic-focused pharma companies entering the public markets and bringing in investment dollars.

Integrated mental health company Numinus Wellness Inc. (NEO:NUMI) (TSXV:NUMI) (OTC:LKYSF) joined the TSX Venture Exchange in September 2020 after getting the green light from Health Canada to produce and extract psilocybin from mushrooms and closing an oversubscribed $4.6 million offering. In December, the company announced a $10 million bought deal offering, which was increased to $15 million two days later, and completed the first legal extraction of psilocybe mushrooms.

COMPASS Pathways Plc (NASDAQ:CMPS) also joined the public markets in September after closing an astounding $146.6 million initial public offering (IPO). The listing came nearly two years after the company was handed FDA Breakthrough Therapy designation for its psilocybin therapy for treatment-resistant depression. On November 12, Compass announced its Q3 results, highlighting the steady progress in its Phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression and the opening of a new trial site in Berlin, Germany. The company also joined an international collaboration to accelerate drug discovery in mental health care.

Mydecine Innovations Group has also inked a partnership agreement this year with Applied Pharmaceutical Innovation to advance its research and development efforts for mental health care solutions. This partnership helps to put Mydecine ahead of the curve in this innovative market.

MindMed Files Preliminary Prospectus In Connection With Bought Deal Equity Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTODec. 21, 2020 /CNW/ — Mind Medicine (MindMed) Inc. (NEO: MMED) (OTCQB: MMEDF) (DE: MMQ) (“MindMed” or the “Company“) is pleased to announce that further to its previously announced offering (the “Offering“) on December 14 and December 15, 2020, it has filed a preliminary short form prospectus (the “Preliminary Prospectus“) with the securities commissions or similar authorities in each province of Canada, other than Québec. Pursuant to the underwriting agreement among the Company, Canaccord Genuity Corp. (the “Lead Underwriter“) and Eight Capital (together with the Lead Underwriter, the “Underwriters“), the Underwriters have agreed to purchase 18,200,000 units of the Company (the “Units“), on a “bought deal” basis, at a price per Unit of CAD$4.40 (the “Issue Price“) for gross proceeds of CAD$80,080,000.

The Company has also granted the Underwriters an over-allotment option to purchase up to an additional 15% of the Units at the Issue Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional CAD$12,012,000 will be raised pursuant to the Offering and the aggregate proceeds of the Offering will be approximately CAD$92,092,000.

Each Unit will be comprised of one subordinate voting share of the Company (a “Subordinate Voting Share“) and one-half of one Subordinate Voting Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant shall entitle the holder thereof to purchase one Subordinate Voting Share at an exercise price of CAD$5.75, for a period of 36 months following the closing of the Offering. If, at any time following the closing of the Offering, the daily volume weighted average trading price of the Subordinate Voting Shares on the NEO Exchange Inc. is greater than $9.00 per Subordinate Voting Share for the preceding 5 consecutive trading days, the Company may, upon providing written notice to the holders of Warrants, accelerate the expiry date of the Warrants to the date that is at least 30 days following the date of such written notice.

The Company intends to use the net proceeds of the Offering for investment in its digital medicine division, for further investments in its experiential therapy program for anxiety disorders (“Project Lucy“), its development of a non-hallucinogenic version of the psychedelic ibogaine to address the opioid crisis (“Project Layla“), and its LSD micro-dosing trials for adult ADHD, as well as for general working capital and corporate purposes.

The Offering is scheduled to close on or about January 5, 2020 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Neo Exchange Inc. and the applicable securities regulatory authorities.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.

The Preliminary Prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each province of Canada, other than Québec. The Preliminary Prospectus is still subject to completion or amendment. A copy of the Preliminary Prospectus can be obtained under the Company’s corporate profile on SEDAR at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final short form prospectus has been issued.

About MindMed

MindMed is a leading psychedelic medicine biotech company that discovers, develops and deploys psychedelic inspired medicines and experiential therapies to address addiction and mental illness. The Company is assembling a compelling drug development pipeline of innovative treatments based on psychedelic substances including Psilocybin, LSD, MDMA, DMT and an Ibogaine derivative, 18-MC. The MindMed executive team brings extensive biopharmaceutical experience to the Company’s groundbreaking approach to developing the next-generation of psychedelic inspired medicines and therapies.

MindMed trades on the Neo Exchange Inc. under the symbol MMED. MindMed is also traded in the United States under the symbol MMEDF and in Germany under the symbol MMQ. For more information: www.mindmed.co.

Forward-Looking Statements

Certain statements in this news release related to the Company are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the closing of the Offering, regulatory approvals and the intended use of proceeds of the Offering. There are numerous risks and uncertainties that could cause actual results and MindMed’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.

Revive Therapeutics Announces LOI to Acquire PharmaTher’s Psilocybin Program

TORONTO, Dec. 21, 2020 – Revive Therapeutics Ltd. (“Revive” or the “Company”) (CSE: RVV, USA: RVVTF), a specialty life sciences company focused on the research and development of therapeutics for medical needs and rare disorders, is pleased to announce that it has entered into a non-binding letter of intent (the “LOI”), dated December 20, 2020, to acquire the full rights to PharmaTher Inc.’s (“PharmaTher”) intellectual property (the “Acquired Assets”) pertaining to psilocybin (the “Acquisition”). PharmaTher, a wholly-owned subsidiary of Newscope Capital Corporation (CSE: PHRM) (OTC Pink: PHRRF), is a specialty life sciences company focused on the research and development of psychedelic pharmaceuticals.

The Acquired Assets will include all of the following:

  • all intellectual and work property derived from PharmaTher’s pre-clinical research activities in traumatic brain injury and stroke, with the aim to obtain U.S. Food and Drug Administration (“FDA”) Orphan Drug Designation;
  • all intellectual property portfolio covering neurological disorders, cancers and novel combinations of psilocybin and FDA approved drugs;
  • all intellectual and work property derived from the study being currently undertaken by the National Health Research Institute in Taiwan; and
  • key provisional patent applications with the U.S. Patent and Trademark Office, which include:
    • Psilocybin in the Treatment of Neurological Brain Injury – United States Provisional Application Serial No. 63/011,493 – Relates to pharmaceutical compositions comprising psilocybin and their use for the treatment of neurological brain injuries and migraines.
    • Use of Psilocybin in the Treatment of Cancer, United States Provisional Application Serial No. 63/113,913 – Psilocybin’s use of significant unmet medical needs for Liver Carcinoma, Melanoma, Breast Neoplasms, Kidney Neoplasms and Acute Myeloid Leukemia.
    • Psilocybin Pharmaceutical Combination Therapies, United States Provisional Application Serial No. 63/125,106 – Novel combinations of certain FDA approved drugs with psilocybin as a potential therapeutic option to reduce the side effects and improve the effectiveness of psilocybin to treat neurological disorders.

The Acquisition follows the previously announced exclusive research collaboration agreement with PharmaTher to accelerate the development of psilocybin in the treatment of cancer and the discovery of novel uses of undisclosed psychedelic compounds.

“Our psychedelics pharmaceutical program has been predominantly focused on the development and evaluation of our novel orally dissolvable thin film strip for psilocybin, and with the acquisition of PharmaTher’s proprietary psilocybin platform it will complement our objectives in commercializing a unique prescription-based psilocybin product for neurological disorders and FDA orphan drug indications,” said Michael Frank, CEO of Revive.

“PharmaTher discovers novel uses of psychedelic pharmaceuticals, such as psilocybin, and combinations with FDA-approved drugs for development internally or with pharmaceutical partners, such as Revive, which has a unique oral drug delivery system to complement our psilocybin development program,” said Fabio Chianelli, CEO of PharmaTher. “I am pleased that we have found a home for our psilocybin program which will allow us to solely focus our resources on our clinical-stage product pipeline with FDA-approved ketamine to treat neurological disorders, such as Parkinson’s disease and movement disorders, depression and pain.”

The final terms of the Acquisition will be agreed to by the parties after the completion of due diligence by Revive. The Acquisition is expected to close on or before January 31, 2021, subject to customary closing conditions, including but not limited to, the negotiation and execution of a definitive agreement.

About PharmaTher Inc.

PharmaTher Inc., a wholly-owned subsidiary of Newscope Capital Corporation (CSE: PHRM) (OTC Pink: PHRRF), is a specialty life sciences company focused on the research and development of psychedelic pharmaceuticals. PharmaTher discovers novel uses of psychedelic pharmaceuticals, such as ketamine and psilocybin, and combinations with FDA-approved drugs for FDA approval to treat neurological disorders, such as Parkinson’s disease and movement disorders, depression and pain.  Learn more at: PharmaTher.com and follow us on TwitterLinkedIn and Facebook.

About Revive Therapeutics Ltd.

Revive is a life sciences company focused on the research and development of therapeutics for infectious diseases and rare disorders, and it is prioritizing drug development efforts to take advantage of several regulatory incentives awarded by the FDA such as Orphan Drug, Fast Track, Breakthrough Therapy and Rare Pediatric Disease designations. Currently, the Company is exploring the use of Bucillamine for the potential treatment of infectious diseases, with an initial focus on severe influenza and COVID-19. With its recent acquisition of Psilocin Pharma Corp., Revive is advancing the development of Psilocybin-based therapeutics in various diseases and disorders. Revive’s cannabinoid pharmaceutical portfolio focuses on rare inflammatory diseases and the company was granted FDA orphan drug status designation for the use of Cannabidiol

(CBD) to treat autoimmune hepatitis (liver disease) and to treat ischemia and reperfusion injury from organ transplantation. For more information, visit www.ReviveThera.com.

For more information, please contact:

Michael Frank
Chief Executive Officer
Revive Therapeutics Ltd.
Tel: 1 888 901 0036
Email: mfrank@revivethera.com
Website: www.revivethera.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Revive’s current belief or assumptions as to the outcome and timing of such future events. Forward looking information in this press release includes information with respect to the Offering, including the intended use of proceeds. Forward-looking information is based on reasonable assumptions that have been made by Revive at the date of the information and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information. Given these risks, uncertainties and assumptions, you should not unduly rely on these forward-looking statements. The forward-looking information contained in this press release is made as of the date hereof, and Revive is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking information contained herein. Reference is made to the risk factors disclosed under the heading “Risk Factors” in the Company’s annual MD&A for the fiscal year ended June 30, 2020, which has been filed on SEDAR and is available under the Company’s profile at www.sedar.com.