Vancouver, British Columbia, Canada – September 29, 2020 – Core One Labs Inc. (CSE: COOL), (OTCQX: CLABD), (Frankfurt: LD62, WKN: A2P8K3) (the “Company”) announces that further to its news release dated August 27, 2020, the Company is expecting to file its second quarter financial statements and management’s discussion and analysis for the period ended June 30, 2020 (the “Interim Filings”) by the extension date of October 15, 2020 pursuant to exemptive relief granted by Canadian securities regulatory authorities that allows it to delay the filing of its annual documents required by sections 4.2 and 5.12(2) of National Instrument 51-102 (“NI 51-102”). In response to the coronavirus disease pandemic, securities regulatory authorities in Canada have granted a blanket exemption allowing issuers an additional 45 days to complete their regulatory filings.
The Company is relying on blanket relief granted by Canadian securities regulatory authorities under BC Instrument 51-515 allowing issuers an additional 45 days to complete their regulatory filings required pursuant to sections 4.3 and 5.12(2) of National Instrument 51-102 by August 31, 2020. The Company is continuing to work diligently to file the Interim Filings at its earliest opportunity, which is expected to occur on or before October 15, 2020.
Until such time as the Interim Filings are filed, the Company’s management and insiders are subject to a trading blackout that reflects the principals contained in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
About Core One Labs Inc.
Core One Labs Inc. is a research and technology company with a state-of-the-art cannabis production and packaging facility located in Southern California. The Company’s technology produces infused strips (like breath strips) that are not only a safer, healthier option to other forms of delivery but also superior bioavailability of cannabis constituents. The technology provides a new way to accurately meter the dosage and assure the purity of selected product. The Company holds an interest in walk-in medical clinics located in Vancouver and West Vancouver, British Columbia which maintain a database of over 200,000 patients combined. The Company intends to further develop its product offerings through research and development in these clinics, including the integration of intellectual property related to psychedelic treatments and novel drug therapies.
Core One Labs Inc.
Joel Shacker
Chief Executive Officer
FOR MORE INFORMATION, PLEASE CONTACT:
info@core1labs.com
1-866-347-5058
Cautionary Disclaimer Statement:
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to the Company’s limited operating history and the need to comply with environmental and governmental regulations. In addition, marijuana remains a Schedule I drug under the United States Controlled Substances Act of 1970. Although Congress has prohibited the US Justice Department from spending federal funds to interfere with the implementation of state medical marijuana laws, this prohibition must be renewed each year to remain in effect. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
The toll of the opioid crisis begins in the home and community, destroying lives, picking away at the very fabric which holds us together as a people. From there, the collateral damage extends into the economy and our civic institutions, imposing a financial and economic burden that impacts many sectors.
The Canadian Centre on Substance Use and Addiction, and the Canadian Institute for Substance Use Research, published a collaborative paper on Canadian Substance Use Costs and Harms in 2018 that gave a snapshot of the price of “substance use (SU).” The report includes healthcare costs, lost productivity costs, criminal justice costs and other direct costs associated with substance use and its rippling effects.
In 2014, the cost of substance use in Canada was $38.4 billion—or approximately $1,100 spent for every Canadian, regardless of age. Opioids contributed to $3.5 billion or 9.1% of those total costs, representing the third-largest portion of the total, after alcohol and tobacco.
By 2017, substance use in Canada cost the country a whopping $46 billion, or $1260 per Canadian. Up to $6 billion of that, or $163 per person, is attributed to opioid use.
The Cost of Opioid-Related Lost Productivity and Death in Canada
While opioids trail behind alcohol and tobacco in total healthcare costs, according to the Canadian Substance Use Costs and Harms report, the largest per-person lost productivity costs are associated with opioids, which increased 20.6% from $43 per person in 2007 to $52 per person in 2014.
Estimates of substance use-related lost productivity costs represent the lost value of work due to premature mortality, long-term disability and short-term disability (absenteeism and impaired job performance). This increase is likely due to the increasing number of premature deaths related to opioid use.
Nationally, the rate of apparent opioid-related deaths was 7.9 per 100 000 population in 2016. However, there were pronounced differences between provinces, with western Canada reporting some of the highest death rates. Based on available data, British Columbia and Alberta account for the majority (56%) of opioid-related deaths in 2016.
Statistics indicate that most apparent opioid-related deaths in Canada occurred among males; individuals between 30 and 39 accounted for the most significant proportion, meaning young, working-age people are being taken from their families and the economy prematurely.
Today, the opioid crisis is experiencing a widely-reported spike and continues to affect a broadening section of the population. The consequences of this hastening crisis have the power to negatively impact individuals, their families, their employers, and their healthcare teams. We already know that opioid dependency indiscriminately crosses demographic and socioeconomic lines, although treatment modalities tend to draw those lines and create barriers based on who can afford the treatments.
Medicated-Assisted Treatment programs, in which a person consumes a daily maintenance dose of methadone, can cost up to $6000 a year – and that is in the best-case scenario. Addiction treatment centers that utilize the 12-step model can cost up to $650 per day, many of which require the patient to stay at the clinic for 60 to 90 days of detox, followed by recovery work. Many have wondered, due to the observed efficacy and safety profile of psychedelic medicines, if psychedelic-assisted therapy can ease the socioeconomic burden of addiction.
Are Psychedelics a Cost-Affordable Solution to the Opioid Epidemic?
Can a psychedelic substance be cost-effective, safe enough, and have enough positive patient outcomes that it helps reduce the amount of money needed to care for drug-dependent Canadians? It’s something that the Entheon wonders, and is working on.
Kenneth Tupper, Ph.D., is Entheon’s Advisor of Ethics as well as the Director of Substance Use Prevention & Harm Reduction at the British Columbia Ministry of Health. Dr. Tupper was one of the authors of a paper based on a 2013 study undertaken by the Centre for Addictions Research of British Columbia at the University of Victoria. The study set out to show the efficacy of ayahuasca-assisted therapy in addiction treatment, specifically for those with chronic addictive behaviours. In the study, patients made statistically significant improvements in several factors related to problematic substance use among the participants. These findings suggest that participants experienced substantial positive psychological and behavioural changes in response to this therapeutic approach.
Entheon is developing medicines based on DMT, the psychoactive ingredient within traditionally-brewed Ayahuasca tea. Entheon Biomedical is researching and developing a legal DMT therapeutic protocol that is being specifically designed to treat substance-abuse disorders, and will specifically focus on opioid-use disorder in coming pre-clinical and clinical trials The path of treating the underlying mechanisms of substance-use disorder with psychedelic therapies is well-known in the traditional and naturalistic psychedelic space, but this environment remains unregulated and cannot be easily scaled to serve the expanding group of substance-use sufferers who require treatment. Many mainstream medical practitioners are just now becoming aware of the potential of psychedelics to treat disorders of this nature, and much work is being done to further validate psychedelic-assisted psychotherapy, both privately and publicly, which is both crucial and exciting, for as the threat of opioid abuse grows in power and strength, so to must the solutions we develop and implement.
Learn More
Learn more about the personal and social costs associated with the opioid crisis here.
BASEL, Switzerland, Sept. 24, 2020 /PRNewswire/ — Mind Medicine (MindMed) Inc. (NEO: MMED)(OTC: MMEDF), the leading drug development company for psychedelic inspired medicines, announces that the company has been conducting R&D work on psilocybin in collaboration with the University Hospital Basel’s Liechti Lab in a study to better understand and compare the altered states of consciousness induced by psilocybin and LSD.
MindMed is interested in understanding how psilocybin or LSD affects humans differently so that it can design better later stage trials or potentially even combine substances in future next-generation psychedelic assisted therapies for patients.
As part of MindMed’s exclusive license agreement with the University Hospital Basel, MindMed will retain an exclusive license to all IP and any patents generated from data or findings in the study and related work on psilocybin, such as pharmacokinetic data and information on the metabolism. The study is anticipated to finish in Q2 2021.
There is increasing medical interest in LSD and psilocybin for the treatment of mental illnesses. However, LSD and psilocybin have never been accurately compared in a modern clinical setting to understand the differences they create in the alterations in one’s mind. Clearly, psilocybin has a shorter duration of acute action but whether there are any differences in the quality of the experience, and as a result in the therapeutic potential, remains to be tested.
MindMed President Dr. Miri Halperin Wernli said, “Both LSD and psilocybin are thought to induce hallucinations mainly through the stimulation of the 5-HT2A receptor. However, it is known that there are differences in the receptor activation profiles between the two substances and these differences may induce different subjective effects. Therefore, with this study we will try to understand and compare the altered states of consciousness induced by the two substances and identify potential medicines for patients.”
Dr. Matthias Liechti added, “LSD and psilocybin are increasingly used in neuroscience and in psychiatry as pharmacological tools to induce and investigate alterations in waking consciousness and associated brain functions and also as potential medications. However, there are no modern studies comparing these two substances directly within the same clinical study and research subjects and using validated psychometric tools. We are aiming to compare the acute effects of the two substances including different doses and placebos to see whether there are differences in the alterations in mind produced by them.”
About Liechti Lab (University Hospital Basel) Liechti Lab is based at the University Hospital Basel in Basel Switzerland. Founded in 1460, the University of Basel is the oldest university in Switzerland and has a history of success going back over 550 years. Liechti Lab’s research focus is on the pharmacology of psychoactive substances in vitro and in humans. The Laboratory investigates the pharmacokinetics-pharmacodynamics of MDMA, LSD, and amphetamines in humans including psychological tests, pharmacogenetics, and functional brain imaging.
About MindMed Mind Medicine (MindMed) Inc. is a neuro-pharmaceutical company that discovers, develops, and deploys psychedelic-inspired medicines to improve health, promote wellness, and alleviate suffering. The company is assembling a compelling drug development pipeline of innovative treatments through human clinical trials to help patients with mental and behavioral health issues, including substance use disorder. The MindMed executive team brings extensive biopharmaceutical industry experience to this groundbreaking approach to the development of next-generation psychedelic medicines. MindMed trades on the NEO Exchange under the symbol MMED. MindMed can also be traded in the US under the symbol OTC: MMEDF and in Germany under the symbol DE:MMQ. For more information: www.mindmed.co.
MindMed Forward-Looking Statements This press release includes forward-looking statements that involve risks and uncertainties relating to future events and performance of Mind Medicine (MindMed) Inc. (“MindMed”), and actual events or results may differ materially from these forward-looking statements. Words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “seek,” “estimate,” variations of such words, and similar expressions are intended to identify such forward-looking statements, although not all forward-looking statements contain these identifying words. These statements concern, and these risks and uncertainties include, among others, MindMed’s and its collaborators’ ability to continue to conduct research and clinical programs, MindMed’s ability to manage its supply chain, product sales of products marketed by MindMed and/or its collaborators (collectively, “Products”), and the global economy; the nature, timing, and possible success and therapeutic applications of Products and Product candidates and research and clinical programs now underway or planned; the likelihood, timing, and scope of possible regulatory approval and commercial launch of Product candidates and new indications for Products; unforeseen safety issues resulting from the administration of Products and Product candidates in patients, including serious complications or side effects in connection with the use of MindMed’s Products and product candidates in clinical trials; determinations by regulatory and administrative governmental authorities which may delay or restrict MindMed’s ability to continue to develop or commercialize Products; ongoing regulatory obligations and oversight impacting Products, research and clinical programs, and business, including those relating to patient privacy; uncertainty of market acceptance and commercial success of Products and Product candidates and the impact of studies on the commercial success of Products and Product candidates; the availability and extent of reimbursement of Products from third-party payers, including private payer healthcare and insurance programs, health maintenance organizations, pharmacy benefit management companies, and government programs such as Medicare and Medicaid; competing drugs and product candidates that may be superior to Products and Product candidates; the extent to which the results from the research and development programs conducted by MindMed or its collaborators may be replicated in other studies and lead to therapeutic applications; the ability of MindMed to manufacture and manage supply chains for multiple products and product candidates; the ability of MindMed’s collaborators, suppliers, or other third parties (as applicable) to perform manufacturing, filling, finishing, packaging, labelling, distribution, and other steps related to MindMed’s Products and product candidates; unanticipated expenses; the costs of developing, producing, and selling products; the ability of MindMed to meet any of its financial projections or guidance and changes to the assumptions underlying those projections or guidance; the potential for any license or collaboration agreement to be cancelled or terminated without any further product success; and risks associated with intellectual property of other parties and pending or future litigation relating thereto, other litigation and other proceedings and government investigations relating to MindMed and its operations, the ultimate outcome of any such proceedings and investigations, and the impact any of the foregoing may have on MindMed’s business, prospects, operating results, and financial condition. Any forward-looking statements are made based on management’s current beliefs and judgment. MindMed does not undertake any obligation to update publicly any forward-looking statement.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act)
Appointment of two leaders from the Multidisciplinary Association of Psychedelic Studies further strengthens AWAKN’s industry leading scientific advisory team
Dr. Mithoefer, Senior Medical Director for Medical Affairs, Training and Supervision at MAPS Public Benefit Corporation (MPBC), has, has worked with MAPS since 2000, while Ann Mithoefer, a registered Nurse and Lead MDMA-Assisted Psychotherapy PTSD Investigator at MAPS, has worked with MAPS since 2004. Together Dr. Michael Mithoefer and Ann Mithoefer are two of the world’s leading MDMA-assisted psychotherapy investigators and trainers. Michael and Ann have completed: two of the six MAPS-sponsored Phase II clinical trials testing MDMA-assisted psychotherapy for PTSD; as well as a pilot study treating couples with MDMA-assisted psychotherapy combined with Cognitive Behavioral Conjoint Therapy; and a study providing MDMA-assisted sessions for therapists who have completed the MAPS Therapist Training.
Awakn’s SAB provides strategic scientific counsel as the company implements its vision and strategy across three business lines of clinical research, therapeutic clinics and practitioner training.
Dr. Michael Mithoefer stated: “Annie and I are delighted to join the Awakn SAB for a combination of reasons. Their mission, in response to the urgent need for more effective treatments, is to develop and support further clinical research and training programs for psychedelic therapists, with the aim of providing access to affordable treatments using psychedelic-assisted therapy as these compounds become legal for clinical use. This is very much in alignment with the goals we’ve all been working toward at MAPS and Maps Public Benefit Corporation for many years. The other draw for us is that we’ve known David Nutt and Ben Sessa for a long time, and we have confidence in the expertise and integrity they bring to the project. And they’re inspiring and fun to work with.”
Dr. Ben Sessa, Awakn Chief Medical Officer, commented on the appointments: “For me, my first introduction to modern psychedelic research started in the early 2000’s when I discovered the work of the Multidisciplinary Association for Psychedelic Studies (MAPS) and the ongoing MDMA-for-PTSD study being run by Michael and Annie Mithoefer. I subsequently met Michael in 2007 at a conference in Vienna, where we discussed bringing clinical MDMA assisted psychotherapy to the UK. It took another ten years to achieve that goal.”
“During that time, I got to know Annie and Michael well; having them stay at my house in Somerset and I stayed with them in South Carolina, receiving formal MDMA therapy, delivered by the Mithoefers, in a clinical setting as part of my training to become an MDMA psychotherapist. So I am pleased to know that Annie and Michael have joined AWAKN’s SAB. Annie, as the one of world’s most experienced MDMA therapy nurses, brings multidisciplinary approach to the AWAKN board; especially in our design of clinical protocols, which put our patients’ care at the centre of their bespoke clinical care plans. Michael, undoubtedly the most experienced MDMA doctor anywhere, will provide invaluable scientific advice; not only to AWAKN’s MDMA protocols, but to all psychedelic projects going forward. And, given their roles as MAPS trainers, both Annie and Michael will of course be essential in the development of our therapist training courses; helping to achieve the aim of training hundreds of new psychedelic therapists in the next few years. Welcome on board, the pair of you!”
Finally, Prof. David Nutt, Chair of AWAKN’s Scientific Advisory Board, stated: “I am delighted to have the great pioneers of MDMA treatment of PTSD join our research team. They will provide outstanding clinical insights.”
Numinus progresses on its ecosystem approach to the ultimate delivery of safe, evidence-based, accessible psychedelic-assisted psychotherapies
VANCOUVER, BC, Sept. 24, 2020 /CNW/ – Numinus Wellness Inc. (“Numinus” or the “Company”) (TSXV: NUMI), a company creating an ecosystem of health solutions centred on developing and supporting the safe, evidence-based, accessible use of psychedelic-assisted psychotherapies, is pleased to announce it has begun cultivating Psilocybe mushrooms, for the purpose of psilocybin production, at its 7000 square-foot Health Canada licensed facility. Psilocybin-assisted psychotherapy is currently being studied as a treatment for a range of mental health conditions including depression, anxiety, and substance use disorders.
Under its Health Canada licence for the production and extraction of psilocybin from mushrooms, Numinus intends to cultivate and harvest the mushrooms for a variety of purposes including:
development of standardized extraction methods
exploration of product formulations of naturally occurring psilocybin
development and evaluation of qualitative and quantitative mycochemicals standardized test methodologies
exploration of the ability to investigate naturally occurring psilocybin’s efficacy as an alternative supply to synthetic psilocybin currently used in research
ultimately, the delivery of safe, evidence-based psilocybin-assisted psychotherapy at clinics including its own
“We are thrilled to start growing mushrooms at our laboratory under our Health Canada licence,” says Michael Tan, Chief Operating Officer. “We envision a day when the option of natural, plant-based psilocybin is available for use in therapies at Numinus Clinics and by others, and this is a tangible step towards that goal.”
Numinus’ vertically integrated ecosystem positions the Company to be a first-in-market, trusted leader in the delivery of psychedelic-assisted psychotherapies when regulated. From product development and supply, to analytics and testing, to clinical protocol development and implementation science in partnership with leading research organizations, the ecosystem approach allows Numinus to ensure quality control and best-in-class delivery with steady revenue streams to support its developments.
Numinus continues to make progress in all units of its ecosystem. Other recent developments include:
Numinus Health — Upgrades have commenced on the existing wellness clinic for compliance to the Multidisciplinary Association of Psychedelics Studies (MAPS) specifications for psychedelic-assisted psychotherapies, to ready the clinic for delivery of therapies and to provide a blueprint for the expansion of Numinus clinics in a range of jurisdictions in the future. In addition, the Company is fast-tracking plans for virtual delivery of transformative health solutions to counter COVID-related risks.
Numinus R&D — Refinements are being implemented in the Company’s clinical protocols to support MDMA and psilocybin research, and partnership discussions with leading research organizations are progressing, with the goal of making these substances accessible in a research context before they are widely available on the market.
Numinus Bioscience — The laboratory is preparing to add additional revenue streams as a contract analytical and research lab for psychedelic substances including MDMA, psilocybin, psilocin, DMT, and mescaline under its Health Canada Controlled Drugs and Substances licence.
“Numinus is setting the stage – and establishing its leadership position – for a future state where psychedelic-assisted psychotherapies are approved for clinical use outside of research,” says Payton Nyquvest, Founder, CEO, and Board Chair. “We are progressing on our mission right now by creating the infrastructure and advancing evidence-based research to support routine clinical use in the health care system. We have the infrastructure, licenses, resources, and expertise to help hasten evidence-based accessibility to these treatments so we can, ultimately, help people heal and be well.”
ON BEHALF OF THE BOARD OF NUMINUS WELLNESS INC.
Payton Nyquvest
President, Chief Executive Officer and Chair
About Numinus Numinus is a Vancouver-based health care company creating an ecosystem of health solutions centred around developing and supporting the safe, evidence-based, accessible use of psychedelic-assisted therapies. Numinus’ ecosystem units include Numinus Bioscience, Numinus R&D, and Numinus Health. Each unit is undertaking distinct, synergistic initiatives to hasten legal, for-profit psychedelic-assisted therapy models and position Numinus as a trusted industry leader for the eventual regulated rollout of these therapies.
Numinus Bioscience includes a 7,000 square foot research and testing laboratory as well as numerous Health Canada licenses (through its wholly-owned subsidiary Salvation Botanicals) including a cannabis testing licence used for sustainable B2B revenue to support the company’s psychedelic efforts. The company holds a Dealer’s Licence which allows it to import, export, possess, and test MDMA, psilocybin, psilocin, DMT and mescaline as well as a license to produce and extract psilocybin from mushrooms. These licences allow Numinus to support the growing number of studies on the potential benefits of psychedelic-assisted psychotherapies through research projects, product development, and the supply and distribution of these substances.
Numinus R&D is embarking on implementation science and leveraging established relationships for partnerships to host studies, develop medical and therapeutic protocols, and influence regulatory approval.
Numinus Health is dedicated to delivering therapies that enhance and supplement existing options for people wanting lasting physical, mental and emotional health — centred around safe, evidence-based accessible psychedelic-assisted psychotherapy.
Forward Looking Statements This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements.” Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, among others, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing federal, provincial, municipal, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits to operate and expand the Company’s facilities; regulatory or political change such as changes in applicable laws and regulations, including federal and provincial legalization, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; the Company’s limited operating history and lack of historical profits; reliance on management; the Company’s requirements for additional financing, and the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with research and development institutions, customers and suppliers. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
SOURCE Numinus Wellness Inc.
For further information: Dana Harvey, VP Communications and Investor Relations, dana@numinus.ca, 778.929.3262
Toronto, Ontario–(Newsfile Corp. – September 23, 2020) – Anahit International Corp. (“Anahit“) announces it has acquired beneficial ownership of an aggregate of 12,791,667 common shares (the “Common Shares“) of New Wave Holdings Corp. (the “Corporation“) pursuant to a share exchange agreement among Anahit, Anahit Therapeutics Ltd (“Therapeutics”), and the Corporation whereby Anahit exchanged Class A shares in the capital of Therapeutics for the Common Shares (the “Share Exchange“). Anahit obtained the Common Shares at a deemed price of $0.115 per Common Share, for total deemed consideration of $1,471,041.705.
Prior to the Share Exchange, Anahit held 163 Common Shares and zero (0) convertible securities. Following the Share Exchange holds an aggregate of 12,791,830 Common Shares representing approximately 14.50% of the issued and outstanding Common Shares. Anahit acquired the Common Shares for purposes of distributing them to its shareholders as a reduction and return of capital, which will result in the disposition of all or substantially all the Common Shares.
This news release is issued pursuant to the early warning requirements of applicable securities laws. This news release and the related early warning reports will be filed on SEDAR at www.sedar.com under the Corporation’s profile.
Corporation’s Contact Information:
For further information relating to the Corporation, please refer to the Corporation’s profile on SEDAR which can be accessed at www.sedar.com or contact:
Havn Retail, a core pillar of Havn Life continues to reach milestones as the company works towards its launch of a line of retail products
Vancouver, BC – Havn Life Sciences Inc. (CSE : HAVN) (FSE : 5NP)(the “Company” or “Havn Life”), a biotechnology company focused on unlocking human potential using evidence-informed research and developing standardized psychoactive compounds derived from plants and fungi, is pleased to announce it has submitted formulations for its natural health products to Health Canada.
“At Havn Life we are focused on developing Natural Health Products for Havn Retail that build on and complement the work being done in our Havn Labs division with psychedelic compounds,” Gary Leong, Havn Life’s Chief Scientific Officer.
Leong formerly served as Chief Scientific Officer for natural health manufacturer, Jamieson Laboratories Limited, for fourteen years and with Aphria Inc., where he established and oversaw the quality assurance, quality control, regulatory affairs and research and development functions.
“In today’s world, the prospect of searching for effective, safe and natural remedies to address mental wellness issues is very compelling,” adds Leong. “I’m not sure if mental issues are more prevalent today or if we are just more aware and more receptive to acknowledging it, but regardless, there is a major, growing crisis at hand. We see it in our health costs and most poignantly in social indicators such as the opiate crisis.”
The Centre for Addiction and Mental Health reports that COVID-19 is having a negative impact on Canadians’ mental health, noting many have seen their stress levels double since the onset of the global pandemic. In an Angus Reid poll earlier this year, 50% of those surveyed reported their mental health declining since the pandemic began, with one in ten respondents saying it “worsened a lot.”
Havn Life has submitted a range of supplement formulations including a mushroom mix that addresses cognitive function and regulation, human performance and immunity.
With the submission to Health Canada, the company currently remains on track to launch a line of retail products by early 2021, and is currently formulating another range of unique products that will be submitted to Health Canada that are also expected to launch in 2021.
On Behalf of The Board of Directors
Susan Chapelle & Tim Moore
Co-CEOs
About Havn Life Sciences Inc.
Havn Life Sciences is a biotechnology company on a mission to unlock human potential using evidence-informed research. The Company is focused on standardized, quality-controlled extraction of psychoactive compounds from plants and fungi, and the development of natural health care products from non-regulated compounds. Learn more at: havnlife.com and follow us on Facebook, Twitter and Instagram.
COMPASS Pathways plc (Nasdaq: CMPS) (“COMPASS”), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, today announced the closing of its previously announced initial public offering of 8,625,000 American Depositary Shares (“ADSs”) representing 8,625,000 ordinary shares at an initial public offering price of $17.00 per ADS, which includes 1,125,000 additional ADSs issued upon the exercise in full by the underwriters of their option to purchase additional ADSs. The total gross proceeds to COMPASS from the offering were $146.6 million. All ADSs sold in the offering were offered by COMPASS. The ADSs began trading on the Nasdaq Global Select Market on September 18, 2020 under the ticker symbol “CMPS.”
Cowen, Evercore ISI and Berenberg are acting as joint book-running managers for the offering. Canaccord Genuity is acting as lead manager and H.C. Wainwright & Co. is acting as co-manager for the offering.
A registration statement relating to these securities has been filed with the US Securities and Exchange Commission (the “SEC”) and was declared effective on September 17, 2020. The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Attention: Prospectus Department, by telephone at (833) 297-2926 or by email at PostSaleManualRequests@broadridge.com; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 36th Floor, New York, New York 10055, telephone: (888) 474-0200, or email: ecm.prospectus@evercore.com; or Berenberg Capital Markets LLC, Attention: Investment Banking, 1251 Avenue of the Americas, 53rd Floor, New York, New York 10020, or by telephone at +1 (646) 949-9000, or by e-mail at prospectusrequests@berenberg-us.com. For the avoidance of doubt, such prospectus will not constitute a “prospectus” for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and will not have been reviewed by any competent authority in any EU member state or the UK.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction.
For readers in the European Economic Area (“EEA”) and the UK
In any EEA member state and the UK (each, a “Relevant State”), this press release and any offering are only addressed to and directed at persons who are qualified investors (“Qualified Investors”) in that Relevant State within the meaning of the Prospectus Regulation. The term “Prospectus Regulation” means Regulation (EU) 2017/1129.
For readers in the UK
In the UK, this press release, in so far as it constitutes an invitation or inducement to enter into investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000, as amended (the “FSMA”), and any offering are only addressed to and directed at Qualified Investors (i) who are investment professionals as described in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), (ii) persons and entities who fall within Article 49(2)(a) to (d) of the Order, or (iii) to whom it may otherwise lawfully be communicated (all such persons being referred to as “relevant persons”).
This press release must not be acted on or relied on (i) in the UK, by persons who are not relevant persons, and (ii) in any EEA member state, by persons who are not Qualified Investors. Any investment or investment activity to which this press release relates is available only to and will only be engaged with (i) in the UK, relevant persons, and (ii) in any EEA member state, Qualified Investors. This press release does not contain an offer or constitute any part of an offer to the public within the meaning of sections 85 and 102B of the FSMA or otherwise.
About COMPASS Pathways
COMPASS Pathways plc (Nasdaq: CMPS) is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those who are suffering with mental health challenges and who are not helped by current treatments. We are pioneering the development of a new model of psilocybin therapy, in which our proprietary formulation of synthetic psilocybin, COMP360, is administered in conjunction with psychological support. COMP360 has been designated a Breakthrough Therapy by the US Food and Drug Administration (FDA), for treatment-resistant depression (TRD), and we are currently conducting a phase IIb clinical trial of psilocybin therapy for TRD, in 20 sites across Europe and North America. We are headquartered in London, UK, with offices in New York, USA. Our vision is a world of mental wellbeing.
Vancouver, B.C. – September 22, 2020: Better Plant Sciences Inc. (CSE: PLNT) (OTCQB: VEGGF) (FSE: YG3) (“Better Plant”) or (the “Company”) is pleased to announce that JUSU Bar juices are now available for online order in Victoria through www.jusubaryyj.com for home delivery.
JUSU Bar currently has one retail juice bar location open in Victoria, British Columbia, and is now delivering cold-pressed JUSU juices directly to customers through its eCommerce store. Better Plant plans to continue expansion of the juice delivery program across Canada and the U.S. over the next year.
“JUSU was launched in Victoria, with this store, in November of 2014, and since then, the company has grown a loyal local community while expanding the brand beyond British Columbia,” said Penny White, CEO of Better Plant Sciences. “Today’s busy lifestyles mean that people are eating fewer fruits and vegetables, so juicing has become an easy way to increase nutritional uptake, boost the immune system, improve digestion, clear up skin issues and encourage better eating habits. Our gut is the foundation of our health.”
JUSU juices are available for purchase in brick-and-mortar locations including JUSU Bar at Cadboro Bay, Whole Foods, Red Barn Markets, Root Cellar and Lifestyles Markets. In both Calgary and Victoria, JUSU juices can be ordered online for home delivery.
“Organic cold-pressed juice is the perfect fuel to help everyone look after their immune systems, and it has never been more important to do so,” said JUSU Founder, Bruce Mullen. “We have no-contact delivery and pickup available to keep our customers safe.”
The following six cold-pressed JUSU juices are available as singles or as part of 1, 3 and 5-day cleanses:
Green Machine
Hawkeye
Emerald City
Blue Lagoon
Dirty Lemonade
Classic
A report by Technavio projected that the global cold-pressed juice market is poised to grow by USD $275.5 million during 2019-2023, progressing at a CAGR of almost 8% during the forecast period.
On August 19, 2020, Better Plant announced that it had entered into an agreement to acquire JUSU branded plant-based assets from JUSU Bar Inc., JUSU Life Inc. and JUSU Cbd Inc. The acquisition is expected to close within the next 30 days.
About JUSU
JUSU is a full spectrum wellness brand with a mission to enlighten consumers to the protective and effective properties of plant based products. Its group of companies is committed to making pure, organic, plant-based products for consumption, body and personal care. This includes one JUSU Bar location and brick-and-mortar juice bar franchise opportunities as well as an extensive direct-to-consumer product offering including cold-pressed juices, skin care and body products, aromatherapy and home cleaning lines. JUSU is fully dedicated to offering consumers healthier alternatives to currently available chemical-based skin care, edible, and beverage products. All JUSU Group companies provide customers only the highest-quality all-natural products made from 100% natural, non-GMO ingredients and operate under the moto: Great products for great people.
About Better Plant Sciences Inc.
Better Plant develops and acquires intellectual property and other assets related to plant-based products and therapeutics. Through its integrated business model, Better Plant develops, manufactures, markets, sells and distributes plant-based products. It has 14 patent applications to protect its Intellectual Property, and over 200 proprietary wellness formulas at various stages of commercialization, including over 20 proprietary products that are now for sale via eCommerce or brick-and-mortar retail stores. It operates websites and oversees eCommerce and Amazon sales for over 200 JUSU plant based products for body, baby and home and has announced it will acquire all JUSU Bar Inc. assets. Its majority-owned subsidiary NeonMind Biosciences Inc. is launching a line of coffees infused with health optimizing medicinal mushrooms including reishi, cordyceps, lion’s mane and turkey tail mushrooms. NeonMind is also engaged in research into developing a psilocybin (psychedelic mushroom) based product for weight loss and has applied for a Section 56 Exemption to begin preclinical trials to study its pending psychedelic medicine patents.
This press release includes forward-looking information and statements (collectively, “forward looking statements”) under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates, forecasts, beliefs and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to: risks related to the development, testing, licensing, brand development, availability of packaging, intellectual property protection, reduced global commerce and reduced access to raw materials and other supplies due to the spread of the Coronavirus, the potential for not acquiring any rights as a result of the patent application and any products making use of the intellectual property may be ineffective or the company may be unsuccessful in commercializing them; and other approvals will be required before commercial exploitation of the intellectual property can happen. Demand for the company’s products, general business, economic, competitive, political and social uncertainties, delay or failure to receive board or regulatory approvals where applicable, and the state of the capital markets. Better cautions readers not to place undue reliance on forward-looking statements provided by Better, as such forward-looking statements are not a guarantee of future results or performance and actual results may differ materially. The forward-looking statements contained in this press release are made as of the date of this press release, and Better 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.
CAPE TOWN, SA / ACCESSWIRE / September 22, 2020 /WUHAN GENERAL GROUP, INC. (WUHN) (“Wuhan” or the “Company”), a bioceutical company focused on alternative plant-based cannabinoids and psilocybin medical research is delighted to share the following corporate updates:
Tsime Pharmaceuticals
The last step in completing the due diligence regarding the acquisition of Tsime Pharmaceuticals Inc. (“Tsime”) was accomplished last week with the visit to the Tsime property in Lesotho. Based on our positive results, the Company is pleased to announce it is going forward with the acquisition of Tsime Pharmaceuticals and the plans to cultivate up to 3 hectares of medicinal-grade cannabis on the farm with a land area covering 23 hectares (57 acres). With its license, the Company will grow, extract and process medicinal cannabis on-site, a key element in driving research and the manufacturing of cannabidiol (CBD) by-products. The project’s first crop is scheduled for Q2-Q3 2021, with projected annual revenue of USD 9.8 Million.
We are also very pleased to announce that Willem Jonker, head of the cannabis operation Medigrow will be joining the Wuhan team as Chief Operating Officer in the coming days. A future press release will be shared on the subject once effective.
As well, Bataung Likate has been appointed as the onsite Director of Tsime Pharmaceuticals.
Batung Likate, Director of Tsime, said: “We at Tsime Pharmaceuticals, together with the Chief and the local community of which we form part, are excited that this project is coming to fruition. This area otherwise has few formal employment opportunities, so we welcome M2Bio Sciences with open arms.”
Information regarding the closing of the transaction will be announced in due course.
Capital requirement?
The total project requirement for the first year is USD 4.7 million consisting of USD 2.82 million in Capital Expenditures and Operating Costs of USD 1.88 million.
The Company is actively discussing with private and public financial organizations on the potential funding opportunities and financial instruments to be deployed to secure the necessary capital.
Some key milestones are the construction of the greenhouses (18 tunnels equivalent to 5,400 square metres), establishing Security Protocols and starting the first cultivation.
The company expects to have the first harvest 9 months from the day it breaks ground.
How profitable is a cannabis cultivation operation?
Based on revenue projections for the first 0.5-hectare facility, the net income before tax is USD 9.82 million. After deducting yearly operating expenses, a projected net profit of USD 6.37 million could be realized. The applicable tax rate in Lesotho is 10% for agriculture.
Projected net income after tax is $5.73 million per year.
The Company is currently in discussions with interested parties for the purchase of future cannabis production.
“I enjoyed our trip to Lesotho on both a personal and business level. Willem shared so much remarkable and indispensable knowledge and wisdom. We have such an unfair IP advantage in knowing what has worked and what hasn’t for those that ventured ahead of us. We thank the early players for laying the foundation. It is our turn to sow the seeds and reap the bountiful rewards for our shareholders. “said Wuhan CEO, Jeff Robinson.
About Wuhan General Group, Inc./ M2Bio Sciences, Inc
Wuhan General Group, Inc. through its wholly-owned subsidiary MJ MedTech is a nutraceutical biotechnology company that researches, develops and commercializes a range of CBD-based products under Dr. AnnaRx™ and Medspresso™ brands. In addition, its wholly-owned division, M2Bio is researching and developing indications for psilocybin new therapies that will help patients who suffer from addiction, mental illness, Alzheimer’s and Parkinson’s. Our mission is to advance botanical-based medicine to the forefront by deploying best-practice science and medicine, clinical research and emerging technologies. Wuhan is listed and traded on the Over the Counter Bulletin Board of NASDAQ under the trading symbol “WUHN”.
Safe Harbour Statement – In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences to include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements.
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