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Core One Labs Provides Update on Financial Statements and Management Cease Trade Order

Vancouver, British Columbia, Canada – July 15, 2020 – Core One Labs Inc. (CSE: COOL), (OTCQX: CLABD), (Frankfurt: LD62, WKN: A2P8K3) (the “Company”). The Company wishes to advise its valued shareholders that the new management team (“Management”) is currently working with its auditor and accountants around the clock to finalize its audited financial statements and the related management’s discussion and analysis (“MD&A”) for the year-ended December 31, 2019. With the majority of the Company’s operations being located in California, COVID -19 has caused delays to the audit that are beyond Management’s control due to the ongoing border closure with the United States, travel restrictions arising from the ongoing pandemic, and related lockdowns imposed by the State of California.

Management continues to work closely with its auditor to ensure the audit is completed as close to the July 15th deadline as possible. At the outset, Management was able to identify the areas of the audit which required the most amount of attention, and moved to address those immediately, including deploying funds from the recently completed financing to settle an outstanding account with the auditors. Daily update calls are being done with the auditors and accountants to ensure the auditors have the full support of Management to expedite this process and ensure that shareholder value is not lost due to a prolonged cease trade.

The Company confirms that it has the financial resources necessary to complete the audit, and now anticipates being in a position to file the audited financial statements for the year-ended December 31, 2019, along with the interim financial statements for the three-month period ended March 31, 2020, and their related MD&A (collectively, the “Required Filings”), by July 31, 2020.

“With new management coming on board, our goal is to create shareholder value and build a strong Company. Although there were some clean-up issues when we took over management of the Company, we feel that we have a handle on all items that impact the Company, and are excited about moving the Company forward. The Company is now properly capitalized with two operating assets which are generating monthly revenue. I feel that we are in a strong position to grow the business and create shareholder value, once we get through this challenge,” said Joel Shacker, CEO of the Company.

The Company is currently subject to a management cease trade order (“MCTO”) issued by the British Columbia Securities Commission (“BCSC”) on June 16, 2020. The BCSC has now notified the Company that it will not consent to an extension of the MCTO beyond July 15, 2020, and as a result the Company anticipates that a general cease trade order will be issued by the BCSC. It is anticipated that a general cease trade order will remain in effect, and trading in the securities of the Company will be suspended, until the Required Filings are completed.

About Core One Labs Inc.

Core One Labs Inc. is a technology company that licenses its technology to a state-of- the-art 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. Some strips will also include supplemental co-active ingredients such as nutraceuticals, vitamins and peptides. The technology provides a new way to accurately meter the dosage and assure the purity of selected product.

Core One Labs Inc.
Joel Shacker
Chief Executive Officer

FOR MORE INFORMATION, PLEASE CONTACT:

InvestorRelations@coreonelabs.ca 1-866-347-5058

Cautionary Disclaimer Statement:

The Canadian Securities Exchange, and its Regulation Services Provider, have not reviewed and do 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.

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When you are living with cancer, quick and optimal access to medication can be a matter of life or death

Timely access to innovative medicines benefits all Canadians and should be a top government priority

 

By Denis Hello, Vice-President and General Manager, AbbVie Canada

 

Despite innovative, clinically proven therapies being approved by Health Canada, there are still many Canadians with cancer who are experiencing delays and medication access challenges. Today, it is estimated that over 600 Canadians will learn they have cancer.i As the leading cause of death in Canada, cancer is responsible for 30 per cent of all deaths in our country.ii While alarming, there is hope. Between 1992 to 1994 and 2012 to 2014, cancer survival rates in Canada increased from 55 per cent to 63 per cent at the five years after diagnosis mark.iii   A report released by the Canadian Cancer Society (CCS) shows the biggest increases in cancer survival since the early 1990s have been for blood cancers. In 2019, an estimated 21,000 Canadians were diagnosed with blood cancers, representing about 10 per cent of all cancer diagnoses.iv

 

While there are a variety of factors including the Canadian Governments’ efforts that are contributing to improved cancer care in Canada and advancements in cancer treatment, Canadians still experience delays in accessing clinically proven, innovative medications. Once the Canadian Agency for Drugs and Technologies in Health (CADTH) commences its drug review process, it can take up to 2 years for a medication to be made available to Canadians.v Some Canadians are granted quicker access to their medication through their private insurer, while others may have to wait longer for public funding. Many countries have tackled this barrier, by simplifying access to innovative medicines providing sustainable solutions. For example, in Germany, once a pharmaceutical product has been authorized, it is immediately eligible for reimbursement from the Government Health Insurance (GKV) fund.vi We must focus on individuals living with cancer who must wait multiple years to access public coverage of Health Canada approved therapies.

 

For cancer patients like Mark Silverstein, medication choice and timely access are essential.

Most blood-related cancers are considered incurable and become harder to treat each time they return. Relapse – meaning the cancer reappears after a period of remission – and refractory – used to describe when cancer no longer responds to a specific treatment – become a new reality that Canadians managing blood cancer get accustomed to. In this context, it is important to delay disease progressions and improve quality of life so that Canadians can live longer.  “The first thing I understood during my initial consultation with my hematologist about my leukemia is that it was chronic. Since my diagnosis in 2010, I have relapsed three times, but I am one of the lucky ones since the right treatment was available to me at the right time,” says Silverstein who resides in Aurora, ON. “As a Canadian living with CLL, having medication choice and access is essential. I have chosen my own way over the last eight years – by educating myself on my disease, maintaining a healthy partnership with my hematologist, by removing fear from my choices, and finally to consistently remain intellectually, emotionally, and spiritually open to a journey with no assurances on how it will all turn out.”

 

Better together – Canadians with cancer deserve enhanced access to innovative treatments.

With a strong commitment to developing innovative therapies for patients and contributing to longer-term healthcare sustainability, AbbVie is committed to developing and providing solutions that transform the current treatment paradigm and bring significant clinical value to patients, healthcare practitioners and our healthcare system.

 

For cancer patients, timely access to the right medication can mean the difference between life and death. Collaboration between government, industry and our healthcare system will surely result in more optimal cancer care and our policymakers can play a greater role in ensuring the timeliness of that access to care.

 

Denis Hello is Vice-President and General Manager of AbbVie Canada. AbbVie’s mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow.

 

 

i Cancer Statistics at a Glance. Canadian Cancer Society. https://www.cancer.ca/en/cancer-information/cancer-101/cancer-statistics-at-a- glance/?region=on

ii IBID

iii IBID

iv New report shows survival for blood cancers has increased more than any other cancer over 20 years. Canadian Caner Society. https://www.cancer.ca/en/about-us/for-media/media-releases/national/2019/canadian-cancer-statistics/?region=nl

v Innovative Medicines Canada. http://innovativemedicines.ca/wp-content/uploads/2018/06/CADTH-Poster-EN.pdf

vi Reimbursement of Pharmaceuticals in Germany 2018. https://www.iges.com/e15094/e15095/e15096/e17469/IGES_Reimbursement_Pharmaceuticals_2018_WEB_ger.pdf

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Novamind Announces Closing of Oversubscribed Private Placement

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 / July 14, 2020 / Novamind Ventures Inc. (”Novamind” or the ”Company”), a mental health and wellness company specialized in Psychedelic-Assisted Psychotherapy (PAP), is pleased to announce that it has closed an oversubscribed private placement (the ”Financing”) raising aggregate gross proceeds of CAN$4.4 million, upsized from an original CAN$3.0 million target.

The proceeds of the Financing will support investments in Novamind’s growing, global network of clinics and retreats offering legal, medically supervised psychedelic experiences, as well as providing capital for Novamind’s pipeline of targeted investments, with additional announcements expected during July 2020.

Yaron Conforti, Chief Executive Officer and Director of Novamind commented: “We are grateful for the support from new and existing shareholders that share our vision for a new standard in mental healthcare.”

Novamind’s acquisition and investment strategy began in 2019 with an investment in the Synthesis Institute, a legal psilocybin retreat in the Netherlands (see news release dated November 18, 2019). Novamind later announced the acquisition of Utah-based Cedar Psychiatry LLC, a specialized provider of Ketamine-Assisted Psychotherapy (KAP), and Cedar Clinical Research LLC, a dedicated research center leading clinical trials for psychedelic medicines (see news release dated March 24, 2020).

Novamind’s acquisition and investment strategy is expected to continue throughout 2020, with a capital allocation plan focused on: i) KAP clinic expansion; ii) offshore retreat facility expansion; iii) clinical trials & IP; iv) developing proprietary technology.

Leveraging its early investments, and partnering with leading clinicians in the psychedelic space, Novamind is building a global network of clinics and retreats offering people access to safe, legal psychedelic experiences while advancing research for psychedelic medicine.

About Novamind

Novamind is building a global network of clinics and retreats that are required for a regulated psychedelics industry. We provide access to safe, legal psychedelic experiences, while advancing research for psychedelic medicine. For more information visit www.novamind.ca.

Contact Information

Yaron Conforti
CEO and director
T: +1 (647) 953 9512
E: info@novamind.ca

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CHAMPIGNON PROVIDES CORPORATE UPDATE

VANCOUVER, British Columbia, July 13, 2020 – Champignon Brands Inc. (“Champignon” or the “Company”) (CSE: SHRM) (FWB: 496) (OTCQB: SHRMF) announces the following corporate updates:

BCSC Continuous Disclosure Review

The Company continues to work with the British Columbia Securities Commission (the “Commission”) to complete its continuous disclosure review.  The review relates to the Company’s disclosure obligations since it became a reporting issuer on February 6, 2020, and includes a review of the disclosure surrounding certain recent acquisitions completed by the Company.  The Company will continue to fully cooperate with the Commission to assist in completion of the review in a timely fashion.

Corporate Rebranding & Spin Out

In June 2020, the Company’s board of directors considered options for realizing additional value for the consumer-packaged goods (CPG) pillar of its business and contemplated a reorganization that would result in the spinout of this business into a new reporting issuer.  The board of directors has determined that this is not a suitable transaction to undertake at this stage and will not be proceeding with the contemplated reorganization and spinout.

The Company also clarifies that its previously announced intention to undertake a corporate rebranding, and to change its name did not result from any specific transaction undertaken by the Company.  At this time, the board of directors has resolved not to proceed with the corporate rebranding and name change. The board of directors continues to review options for marketing and branding of the Company to represent its CPG, research and clinical business channels but has no plans to execute on any such initiatives in the near term.

Wellness Clinic of Orange County Inc.

The Company announces that the term sheet entered into with the Wellness Clinic of Orange County Inc. has been terminated, and the Company will not be proceeding with the proposed transaction at this time.  The Company did not assume any ongoing liabilities or obligations in connection with the termination of the term sheet.

AltMed Capital Corp.

The Company also announces that it will rely on the temporary relief granted pursuant to British Columbia Instrument 51-517 (Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020) in respect of the filing of a business acquisition report (“BAR”) in connection with its acquisition of AltMed Capital Corp. (“AltMed”).  A BAR in connection with the acquisition of AltMed would otherwise be due on July 13, 2020, based on the timeframe prescribed by National Instrument 51-102 (Continuous Disclosure Obligations), and is now expected to be filed no later than August 27, 2020.

ON BEHALF OF THE BOARD OF DIRECTORS

Dr. Roger McIntyre
Chief Executive Officer
E: info@braxiascientific.com

FOR INVESTOR INQUIRIES:

Champignon Brands | Storyboard Communications
Investor Relations, Toronto, Canada
Investor Line:  +1 (833) 375-9995 x611
E: champignonbrands@storyboardcommunications.com

FOR CHAMPIGNON BRANDS FRENCH INQUIRIES:
Remy Scalabrini, Maricom Inc.
E: rs@maricom.ca
T: (888) 585-MARI

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the business plans for Champignon Brands described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which are available at www.sedar.com.

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Core One Labs Completes Acquisition of Interest in Medical Clinics

Vancouver, British Columbia, Canada – July 10, 2020 – Core One Labs Inc. (CSE: COOL), (OTCQX: CLABF), (Frankfurt: LD6, WKN: A14XHT) (the “Company”) is pleased to announce that it has completed the acquisition (the “Acquisition”) previously announced on June 5, 2020, of all of the outstanding share capital of Rejuva Alternative Medicine Research Centre Inc. (“Rejuva”) and one-quarter of the non-voting participating share capital of Shahcor Health Services Inc. (“Shahcor”),.

Rejuva and Shahcor are privately held companies which operate walk-in medical clinics located in Vancouver and West Vancouver, British Columbia, and 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. The Company will aim to prove increased efficacy and bioavailability of existing and novel drugs, including psilocybin, with its proprietary delivery methods currently utilized by its CannaStrip technology. Bioavailability of cannabis constituents in the Company’s CannaStrips infused strip allow for more efficient absorption of the active ingredients, which is an optimum delivery system for microdosing. Medical patients who want to receive alternative health treatments can use this less invasive way of treatment to help alleviate their symptoms and complications. Core One and Rejuva plan to advance psychedelic-derived treatments and establish a portfolio of intellectual property, through human clinical trials, to build a robust drug development platform in the psychedelic medicine space.

The Acquisition was completed pursuant to share exchange agreements, dated effective July 9, 2020, entered into with each of the shareholders of Rejuva and Shahcor. In consideration for all of the outstanding share capital of Rejuva, the Company has issued 23,000,000 common shares to the existing shareholders of Rejuva. In consideration for one-quarter of the non-voting participating share capital of Shahcor, the Company has made a one-time cash payment of $400,000 and has issued 5,555,556 common shares to the existing shareholders of Shahcor.

The existing shareholders of Shahcor will also be eligible to receive a one-time bonus payment of $1,000,000 (the “Bonus Payment”) in the event Shahcor achieves monthly recurring revenue of at least $30,000 in the three months following completion of the Acquisition. At the election of the Company, the Bonus Payment will be payable in cash, or common shares of the Company, based upon the volume-weighted average closing price of the common shares of the Company on the Canadian Securities Exchange in the ten trading days prior to the issuance of the shares.

The Company is at arms-length from each of Rejuva, Shahcor, and their respective shareholders. The Acquisition does not constitute a fundamental change for the Company, nor has it resulted in a change of control of the Company, within the meaning

of applicable securities laws and the policies of the Canadian Securities Exchange. In connection with completion of the Acquisition, the Company has issued 2,300,000 common shares (the “Finders Fee Shares”) to an arms-length third-party that assisted in introducing the Acquisition to the Company. The Company has also issued 571,111 common shares (the “Administrative Fee Shares”) and paid $8,000 as an administrative fee to a consultant who assisted with completion of the Acquisition. The Finders Fee Shares are subject to a statutory hold period, expiring on November 11, 2020, in accordance with applicable securities laws.

About Core One Labs Inc.

Core One Labs Inc. is a technology company that licenses its technology to a state-of-the-art 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. Some strips will also include supplemental co-active ingredients such as nutraceuticals, vitamins and peptides. The technology provides a new way to accurately meter the dosage and assure the purity of selected product.

Core One Labs Inc.

Joel Shacker

Chief Executive Officer

FOR MORE INFORMATION, PLEASE CONTACT:

InvestorRelations@coreonelabs.ca

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.

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Vireo Health’s New Packaging Technology Keeps Cannabis Flower Flavorful and Potent Longer

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ATAI Life Sciences takes on opioid crisis by acquiring Kures to develop novel therapeutics for opioid abuse

BERLIN and NEW YORK, July 9, 2020 /PRNewswire/ — ATAI Life Sciences AG, a global biotechnology company builder that envisions an end to mental illnesses, has acquired a majority stake in New York-based pharmaceutical company Kures, which targets the important intersection between pain and opioid use disorder. Additionally, Srinivas Rao, MD, PhD, Chief Scientific Officer of ATAI Life Sciences, has been appointed CEO of Kures.

“Joining ATAI’s platform comes with much more than a capital infusion,” said Dr. Rao. “Our model involves pooling resources, expertise and best practices from across the platform, helping our companies steer clear of the many pitfalls that come with breaking new ground in drug development.”

Kures’ flagship product, KUR-101, is a derivative of mitragynine, the major active alkaloid of the kratom plant. Used for centuries in Southeast Asia as a remedy for fatigue, pain, and myriad other conditions, kratom leaf has recently grown in popularity as an herbal medicine in the United States. Importantly, in addition to its traditional medicinal applications, consumers in the United States report that it may also be effective in ameliorating the symptoms of opioid withdrawal. Both mitragynine and KUR-101 are atypical opioid receptor modulators, boasting unique pharmacology that may make them safer than currently available opioids in treating pain. Additionally, Kures’ second asset, KUR-002, is under evaluation for the treatment of subsets of depression through a unique mechanism of action.

Kures has an exclusive license from Columbia University to develop small molecules discovered in the lab of Dr. Dalibor Sames in collaboration with the labs of Dr. Jonathan Javitch and Dr. René Hen to treat pain, opioid use disorder, and depression. Sames, a professor of chemistry, uses organic synthesis and molecular design to address challenges in neuroscience and brain medicine.

Given that the majority of opioid abuse starts with a prescription to manage pain, addiction and pain are fundamentally linked. While opioids are indeed effective for most forms of acute pain, they are associated with a variety of adverse effects, including risk of addiction, constipation, and respiratory depression, the latter being the main cause of death among opioid users. Of individuals prescribed at least 1 day of opioids, 6% are still taking them 1 year later. Moreover, it is estimated that 8-12% of individuals prescribed opioids for chronic pain ultimately develop opioid use disorder.

There are notable drawbacks to existing opioid maintenance therapies as well. In addition to respiratory depression and high abuse potential, methadone, a full mu-opioid receptor agonist, significantly impacts cardiovascular function and can induce life threatening arrythmias. Furthermore, it is only dispensed in highly structured clinical settings, severely limiting patient access. Buprenorphine, a partial agonist at mu-opioid receptors, is more widely available and has an improved pharmacological profile in terms of cardiac and respiratory safety, but retains significant abuse liability and promotes long-lasting dependence.

Therefore, by developing a potentially safer and more widely available alternative for both pain management and opioid maintenance therapy, ATAI and Kures are poised to address two key factors underlying the opioid epidemic. “We are very concerned about the opioid epidemic in the United States and are committed to developing approaches to both treat and prevent this condition,” said Florian Brand, CEO of ATAI.

“Kures is excited to have the resources and commitment of ATAI in advancing our promising therapeutic compounds,” added Andrew Kruegel, CSO and co-founder of Kures. “We look forward to working with the ATAI team to bring new treatment options to patients suffering from pain and mental illness.”

ATAI is recognized as the world’s leading – and largest – company in the field of psychedelic therapy. KUR-101 will join ATAI’s pipeline of ground-breaking mental health interventions such as arketamine and psilocybin, with additional high-impact compounds to be announced soon.

Company Contact:
Allan Malievsky
ATAI Life Sciences
Phone: +1 (917) 974-1371
Email: Allan@ATAI.life

Investor Contact:
Allison Soss
KCSA Strategic Communications
Phone: +1 (212) 896-1267
Email: ATAI@KCSA.com

About ATAI Life Sciences
Founded by visionary entrepreneur Christian Angermayer, ATAI Life Sciences AG is a global biotech platform and company builder working to address significant unmet medical needs rooted in a lack of innovation in neuropsychiatry. Based in Berlin, London and New York, its vision is to cure mental health disorders, enabling people to live healthier and happier lives.

SOURCE ATAI Life Sciences

Related Links

https://www.atai.life

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AIkido Pharma Inc. Announces Key Progress in Computational Approaches to Identify Virus Treatments, Including Coronavirus

Research identified human protein complex that is important for viral replication

NEW YORK, July 9, 2020 /PRNewswire/ — AIkido Pharma Inc. (Nasdaq: AIKI) (“AIkido” or the “Company”) today provided an update on its effort to identify compounds to potentially address the COVID-19 pandemic. As previously announced, on April 13, 2020, AIkido executed a Master License Agreement with the University of Maryland, Baltimore (“UMB”), covering certain antiviral compounds discovered by UMB.

Recently, the researchers at UMB, including Matthew Frieman, PhD, Associate Professor of Microbiology and Immunology at the University of Maryland School of Medicine (UMSOM),  Alexander MacKerell, PhD, Professor of Pharmaceutical Sciences at the University of Maryland School of Pharmacy, and Stuart Weston, PhD, Postdoctoral Fellow at UMSOM, have identified a human protein complex (called the SKI complex) that is important for replication of several viruses including Influenza, COVID-19, SARS1, MERS, SARS2, Ebola and Marburg.  Using a computer modeling approach called SILCS from SilcsBio LLC, chemical compounds were identified that are predicted to bind to a pocket on a human protein in this complex. These compounds were tested for their ability to block replication of the Influenza virus in human cells, from which several active compounds were found. These compounds were then tested against the other viruses and found to block replication of these as well. Utilizing the information gleaned from this initial research and the power of the SILCS technology combined with machine learning tools, the researchers are currently identifying compounds with chemical structures similar to the active compounds and testing them to find ones that work better at blocking virus replication.

“This is encouraging progress, demonstrating the importance of machine learning to accelerate pharmaceutical research,” commented Anthony Hayes, CEO of AIkido. “Legacy processes, involving manually testing potentially thousands of compounds, are slower and potentially more expensive. Utilizing a combination of a physics-based approach and machine learning, our partners are able to significantly narrow the range of potential compounds to test, accelerating efforts and significantly reducing costs. The ultimate goal is to create a new compound that blocks replication of a wide variety of viruses in humans that will be an effective drug for the treatment of known viral infections as well as those that may arise in the future.”

About AIkido

AIkido was initially formed in 1967 and is a biotechnology company with a diverse portfolio of small-molecule anti-cancer therapeutics.  The Company’s platform consists of patented technology from leading universities and researchers and we are currently in the process of developing an innovative therapeutic drug platform through strong partnerships with world renowned educational institutions, including The University of Texas at Austin and Wake Forest University. Our diverse pipeline of therapeutics includes therapies for pancreatic cancer, acute myeloid leukemia (AML) and acute lymphoblastic leukemia (ALL). In addition, we are constantly seeking to grow our pipeline to treat unmet medical needs in oncology.  The Company is also developing a broad spectrum antiviral platform that may potentially inhibit replication of multiple viruses including Influenza virus, SARS-CoV (coronavirus), MERS-CoV, Ebolavirus and Marburg virus.

Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Investor Relations:

Hayden IR

Brett Maas, Managing Partner

Phone: (646) 536-7331

Email: brett@haydenir.com

www.haydenir.com

AIkido:                  

Phone: 212-745-1373

Email: investorrelations@AIkido.com

www.AIkido.com

 

 

CisionView original content:http://www.prnewswire.com/news-releases/aikido-pharma-inc-announces-key-progress-in-computational-approaches-to-identify-virus-treatments-including-coronavirus-301091089.html

SOURCE AIkido Pharma Inc.

News Provided by PR Newswire via QuoteMedia

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Professor David Nutt Joins Awakn Life Sciences

Former UK Government Drug TSAR Appointed as Chairman of Scientific Advisory Board

Awakn is pleased to announce the appointment of Professor David Nutt as Chairman of its newly formed Scientific Advisory Board (SAB).

Professor David Nutt is a world renowned neuroscientist, leading global authority on drug policy reform and former chief drug advisor to the UK government. He serves as the Edmond J. Safra Professor of Neuropsychopharmacology and director of the neuropsychopharmacology unit in the Division of Brain Sciences at Imperial College London, and Founding Chair of Drug Science (formerly the Independent Scientific Committee on Drugs).

Awakn’s SAB will provide strategic scientific counsel as the company implements its vision and strategy across three business lines of clinical research, therapeutic clinics and healthcare training.

Dr. Ben Sessa, Awakn Chief Medical Officer, stated: “David has always been a trailblazer and supporter of innovative psychopharmacology. He is a prolific promoter of drug reform policies and an internationally respected scientific researcher. I have had the pleasure of working alongside David on numerous psychedelic studies over the last 10 years, and we know the time is right and the time is now. David shares Awakn’s vision of how clinical psychedelics in combination with psychotherapy can cure mental health conditions. This is a new way of doing psychiatry. This is the medicine of the future.”

Prof. David Nutt, Awakn Scientific Advisory Board Chair, stated: “I am delighted to be able to support this exciting initiative. I believe psychedelic treatments have the opportunity to change psychiatry in the way immunotherapies are changing medicine. The sooner we can start using these the better it will be for patients, and I am pleased Awakn are taking the lead in this.”

Anthony Tennyson, Awakn CEO, stated: “What a time this is for psychedelic medicine. An era of scientific and therapeutic innovation with real potential to move the dial on mental health care. Professor Nutt encapsulates the essence of scientific change, and we are honored to welcome such global pedigree to the mix alongside his longtime friend and collaborator, our Chief Medical Officer, Dr. Ben Sessa.”

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Core One Labs Announces Effective Date of Share Consolidation

Vancouver, British Columbia, Canada – July 7, 2020 – Core One Labs Inc. (CSE: COOL), (OTCQX: CLABF), (Frankfurt: LD6, WKN: A14XHT) (the “Company”) is pleased to announce that its common shares will begin trading on a post-consolidated basis at the opening of markets on July 9, 2020 under the existing ticker symbol “COOL”.

As previously announced, the Company will be consolidating (the “Consolidation”) its outstanding common share capital on the basis of two (2) pre-Consolidation shares for every one (1) post-Consolidation share. As of the date of this news release, the Company has 79,081,741 common shares issued and outstanding. Following completion of the Consolidation, it is anticipated that the Company will have approximately 39,540,871 common shares issued and outstanding, not including rounding adjustments for any fractional amounts resulting from the Consolidation. The exercise price and number of common shares issuable upon the exercise of the Company’s outstanding options and warrants will be proportionally adjusted upon completion of the Consolidation in accordance with the terms thereof.

The Consolidation will be completed by way of “pushout”, without a letter of transmittal. Upon completion of the Consolidation, all pre-Consolidation share certificates will be considered null and void and the Company’s shareholders of record will receive Direct Registration Advice (DRS) statements with respect to the number of post-Consolidation shares held by such shareholders of record. Shareholders holding shares through brokers, banks or other intermediaries should consult with their broker, bank or other intermediary with respect to their post-Consolidation shareholdings.

The Company also announces that upon completion of the Consolidation it will grant a series of 2,100,000 incentive stock options (each, an “Option”) to certain consultants and employees of the Company. Each Option will vest immediately upon grant, and will be exercisable to acquire a post-Consolidation common share of the Company, at a price of $0.67 per share, for a period of sixty months.

About Core One Labs Inc.

Core One Labs Inc. is a technology company that licenses its technology to a state-of-the-art 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. Some strips will also include supplemental co-active ingredients such as nutraceuticals, vitamins and peptides. The technology provides a new way to accurately meter the dosage and assure the purity of selected product.

Core One Labs Inc.

Joel Shacker

Chief Executive Officer

FOR MORE INFORMATION, PLEASE CONTACT:

InvestorRelations@coreonelabs.ca

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.