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New England Journal of Medicine publishes exploratory study showing signals of positive activity in COMP360 psilocybin compared with escitalopram for major depressive disorder

Study concludes that psilocybin findings should be explored further in larger studies

COMPASS Pathways plc (Nasdaq: CMPS) (“COMPASS”), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, welcomed a study published in the New England Journal of Medicine (NEJM) yesterday, which showed signals of positive activity in COMP360 psilocybin compared with the standard antidepressant escitalopram, for major depressive disorder (MDD).

The study was designed and conducted by a research team at Imperial College London, using COMPASS’s COMP360 psilocybin.

This was an exploratory, randomised, double-blind clinical study. Its aim was to compare the efficacy and mechanisms of action of psilocybin with a six-week course of escitalopram, a selective serotonin reuptake inhibitor (SSRI), for MDD.

The study included 59 participants; 30 were randomly assigned to the psilocybin arm, and 29 to the escitalopram arm. Participants in the psilocybin arm received two doses of 25mg psilocybin three weeks apart, with psychological support delivered prior to, during and after each psilocybin administration, plus six weeks of daily placebo capsules. The escitalopram arm received two doses of 1mg psilocybin (presumed negligible effect) three weeks apart, with equivalent psychological support to the psilocybin arm, plus six weeks of daily escitalopram capsules, 10mg for the first three weeks titrated to 20mg for the following three weeks.

The study authors, from Imperial College London, noted that the study was not powered to detect a difference between psilocybin and escitalopram. As reported in the NEJM, the primary efficacy measure, the change from baseline in the self-rated 16-item Quick Inventory of Depressive Symptomatology (QIDS-SR-16) total score at six weeks, did not show a significant difference between the two groups, with a two point difference favouring the psilocybin group compared with the escitalopram group. This trend favouring psilocybin was present from week one.

Secondary outcomes including clinician-rated depression scales, response and remission, signalled the antidepressant effects of both agents; psilocybin showed numerical advantages on clinical measures compared with escitalopram. On the clinician-rated depression scales, the change from baseline at week six on the Montgomery-Asberg Depression Rating Scale (MADRS), showed a 7.2 point treatment difference favouring psilocybin, while the Hamilton Depression Rating Scale (HAM-D-17) showed a 5.3 point treatment difference favouring psilocybin. Response rates (a 50% or greater reduction on the QIDS-SR-16 total score from baseline) at week six were 70.2% for the psilocybin arm compared with 48.0% for the escitalopram arm, and remission rates (defined as a QIDS-SR-16 total score ≤5) at week six were 57.1% and 29.1%, respectively. Similar patterns favouring psilocybin were found in other secondary endpoints measuring work and social functioning, anxiety, avoidance, anhedonia, and wellbeing. Such secondary endpoints were uncorrected for multiplicity.

Adverse event rates and severity were largely comparable across conditions. Adverse events in the psilocybin arm were typically transient, occurring and resolving within 24 hours of dosing days, with the most commonly reported adverse event being transient headaches. No Serious Adverse Events were reported.

“In a field of research where it is very difficult to separate treatments in head-to-head comparative efficacy trials, this study found signals favouring psilocybin therapy over escitalopram. This is an encouraging investigator-initiated study that supports the need for additional clinical investigations in larger, well-powered studies to more accurately determine the efficacy of COMP360 psilocybin in MDD”, said George Goldsmith, CEO and Co-founder of COMPASS Pathways. “At COMPASS, we are already committed to a full clinical development programme of psilocybin therapy in treatment-resistant depression, and we know there is much more work to be done so that we can bring evidence-based innovation to patients who have run out of options in a number of mental health illnesses.”

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 22 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.

Availability of other information about COMPASS Pathways

Investors and others should note that we communicate with our investors and the public using our website (www.compasspathways.com), our investor relations website (ir.compasspathways.com), and on social media (LinkedIn), including but not limited to investor presentations and investor fact sheets, US Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that we post on these channels and websites could be deemed to be material information. As a result, we encourage investors, the media, and others interested in us to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on our investor relations website and may include additional social media channels. The contents of our website or these channels, or any other website that may be accessed from our website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as “may”, “might”, “will”, “could”, “would”, “should”, “expect”, “intend”, “plan”, “objective”, “anticipate”, “believe”, “contemplate”, “estimate”, “predict”, “potential”, “continue” and “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, the efficacy of COMP360 psilocybin therapy as a treatment for depression, COMPASS’s business strategy and goals, COMPASS’s ability to continue to advance its research, including COMP360, and COMPASS’s expectations regarding the benefits of its psilocybin therapy, including COMP360. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond COMPASS’s control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

These risks, uncertainties, and other factors include, among others: preclinical research and clinical development is lengthy and uncertain, and therefore our preclinical studies and clinical trials may be delayed or terminated, or may never advance to or in the clinic; and those risks and uncertainties described under the heading “Risk Factors” in COMPASS’s annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC) on 9 March 2021 and in subsequent filings made by COMPASS with the SEC, which are available on the SEC’s website at www.sec.gov. Except as required by law, COMPASS disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on COMPASS’s current expectations and speak only as of the date hereof.

Enquiries

Media: Tracy Cheung, tracy@compasspathways.com, +44 7966 309024
Investors: Stephen Schultz, stephen.schultz@compasspathways.com, +1 401-290-7324

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OTC Markets Group Announces Quarterly Index Performance and Rebalancing

NEW YORK, April 15, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced the first quarter 2021 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.

The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was up 3.9% in the first quarter. Fifty-eight new companies were added to the index, including: AYR WELLNESS INC. (OTCQX: AYRWF); Blackstone Minerals Ltd. (OTCQX: BLSTF); Integrated BioPharma, Inc. (OTCQX: INBP); Newcore Gold Ltd. (OTCQX: NCAUF); Tilt Holdings Inc. (OTCQX: TLLTF); The Trendlines Group Ltd. (OTCQX: TRNLY), and Zoetic International PLC (OTCQX: ZOEIF). Twenty-seven were removed from the index, including Lexaria Bioscience Corp. (LEXX) which graduated to Nasdaq on 1/12/2021 and URBAN-GRO. (UGRO) which graduated to Nasdaq on 2/12/2021. Midas Gold Corp. changed its name to Perpetua Resources Corp. (PPTA) and graduated to Nasdaq on 2/18/2021. Ferguson Plc (FERG) graduated to NYSE on 3/8/2021.

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies, was up 3.6% for the quarter. Nine companies were added to the index including: Atlantic Sapphire ASA (OTCQX: AASZF); Bombardier Inc. (OTCQX: BDRBF); Bitwise 10 Crypto Index Fund (OTCQX: BITW), and TerrAscend Corp. (OTCXQ: TRSSF)

The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was up 3.6% in the quarter. Fourteen new companies were added to the index including: Britvic plc (OTCQX: BTVCY); Endeavour Mining Corporation (OTCQX: EDVMF); Prime Meridian Holding Co. (OTCQX: PMHG), and TAG Oil Ltd. (OTCQX: TAOIF)
Fifteen companies were removed.

The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, increased 15.9% in the first quarter. Twelve banks were added to the index in the quarter and four companies were removed. The twelve banks added were: Century Next Financial Corp (OTCQX: CTUY); Equitable Financial Corp. (OTCQX: EQFN); Grand River Commerce Inc. (OTCQX: GNRV); InBankshares, Corp (OTCQX: INBC); JD Bancshares, Inc. (OTCQX: JDVB); Morris State Bancshares, Inc. (OTCX: MBLU); Merchants & Marine Bancorp Inc. (OTCQX: MNMB); Pilot Bancshares, Inc. (OTCQX: PLBN); Prime Meridian Holding Co. (OTCQX: PMHG); Town Center Bank (IL) (OTCQX: TCNB); Two Rivers Financial Group, Inc. (OTCQX: TRVR), and Uwharrie Capital Corp (OTCQX: UWHR).

The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was up 3.0% for the quarter. Thirty-one new companies were added to the index including: Apollo Healthcare Corp. (OTCQX: AHCCF); BIGG Digital Assets Inc. (OTCQX: BBKCF); Earthasia International Holdings Limited (OTCQX: ETIHY); Frontier Lithium (OTCQX: LITOF); Steppe Gold Limited (OTCQX: STPGF) and Victory Square Technologies Inc (OTCQX: VSQTF). Twenty-two companies were removed.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, was up 11.9% in the first quarter. Twenty-five companies were added to the index and eight companies were removed.

OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was up 16.5% in the first quarter. Twenty-five companies were added to the index and thirteen companies were removed.

OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, was up 26.0% in the first quarter. Eleven new companies joined the index. The eleven companies added were:  Columbia Care Inc. (OTCQX: CCHWF); TPCO HLDG CORP. (OTCQX: GRAMF); Green Thumb Industries Inc. (OTCQX: GTBIF); Indiva Ltd. (OTCQX: NDVAF); Next Green Wave (OTCQX: NXGWF); Red White & Bloom Brands Inc. (OTCQX: RWBYF); Tilt Holdings Inc. (OTCQX: TLLTF); TerrAscend Corp. (OTCQX: TRSSF); Vireo Health International Inc. (OTCQX: VREOF); WeedMD Inc (OTCQX: WDDMF); Zoetic International PLC (OTCQX: ZOEIF). Eight companies were removed.

The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was up 20.3% in the first quarter. One hundred-seven companies were added to the index and sixty-six companies were removed. FingerMotion (FNGR) graduated to OTCQX on 1/7/2021. KemPharm Inc. (KMPH) graduated to NASDAQ on 1/8/2021. Zoetic International PLC (ZOEIF) graduated to OTCQX on 1/8/2021. Tilt Holdings Inc. (TLLTF) graduated to OTCQX on 1/8/2021. Versus Systems (VS) graduated to NASDAQ on 1/15/2021. ComSovereign Holding Corp. (COMS) graduated to NASDAQ on 1/22/2021. AiXin Life International, Inc. (AIXN) graduated to OTCQX on 1/22/2021; Integrated BioPharma, Inc. (INBP) graduated to OTCQX on 1/22/2021; Crossroads Systems, Inc. (CRSS) graduated to OTCQX on 1/28/2021; Cuentas Inc. (CUEN) graduated to NASDAQ on 2/2/2021; Simply Inc. (SIMP) graduated to OTCQX on 2/8/2021; Reliance Global Group Inc. (RELI) graduated to NASDAQ on 2/9/2021; MustGrow BioLogics Corporation (MGROF) graduated to OTCQX on 2/12/2021; Antibe Therapeutics, Inc. (ATBPF) graduated to OTCQX on 2/16/2021; Amplitech Group Inc. (AMPG) graduated to NASDAQ on 2/17/2021; Greenbox POS (GBOX) graduated to NASDAQ on 2/17/2021; Novo Integrated Sciences, Inc. (NVOS) graduated to NASDAQ on 2/23/2021; BIGG Digital Assets Inc. (BBKCF) graduated to OTCQX on 2/23/2021; Briacell Therapeutics Corp. (BCTXF) graduated to NASDAQ on 2/24/2021; Ares Strategic Mining Inc (ARSMF) graduated to OTCQX on 3/2/2021; PyroGenesis Canada Inc. (PYR) graduated to NASDAQ on 3/11/2021; Taat Lifestyle & Wellness Ltd. (TOBAF) graduated to OTCQX on 3/23/2021; Gratomic Inc. (CBULF) graduated to OTCQX on 3/26/2021, and  Franklin Wireless Corp. (FKWL) graduated to NASDAQ on 3/29/2021.

For a list of all index additions and deletions, visit https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf

All indexes are market capitalization-weighted and adjusted on a quarterly basis for additions and share changes over 5% during the months of March, June, September and December. In the case of ADRs, the DR ratio is considered. Dividends are re-invested as of the close of business the day before the ex-dividend date.

The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks Index, OTCQX Cannabis Index, and OTCQB Venture Index have minimum liquidity screens to ensure tradability.

All index data is priced in real-time and is available on the OTC Markets Group website, www.otcmarkets.com, and via major financial data distributors and websites, including Bloomberg, Reuters and FT.com.

Past performance does not guarantee future results. Investors cannot invest directly in any of these indexes.   

OTC Markets Group Inc. provides no advice, recommendation or endorsement with respect to any company or securities.  Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

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MINDCURE Announces The Addition of Daniel Herrera, A Pharmaceutical Industry Executive With Specific Experience in Medical Psychoactive Segment

Mr. Herrera, Who Will Join The Company As Its Vice President Of Growth And Strategic Partnerships, Has 15+ Years Of Global Life Sciences Experience And Will Help To Drive MINDCURE’s Commercial Focus And Strategic Partnerships

VANCOUVER, BC, April 14, 2021 /CNW/ – Mind Cure Health Inc. (CSE: MCUR) (OTCQB: MCURF) (FRA: 6MH) (“MINDCURE” or the “Company”) a leader in advanced proprietary technology for psychedelic therapy, is pleased to announce the addition of Daniel Herrera as Vice President, Growth and Strategic Partnerships. Mr. Herrera joins the company with extensive experience in the life sciences industry, where he has led teams and divisions at high-growth start-ups as well as large multinational pharmaceutical companies.

Most recently, he led Corporate Development at Medcolcanna, a Canadian integrated medical cannabis company that is situated in Colombia, as their Chief Corporate Development Officer, where he managed global partnerships within the highly regulated medical cannabis industry. During his tenure there, Mr. Herrera gained specific experience in the psychoactive medical cannabis segment as he helped lead the company’s efforts to have the Colombian Government grant the company the authorization to manufacture psychoactive medical cannabis derivatives.

Prior to joining Medcolcanna, Mr. Herrera was with CannTrust Holdings Inc., where he was Director of Global Strategy and Business Development as well as leading the Global Partnerships and Investments group, where he advised on several M&A and sales transactions in Denmark, Germany, Australia and the US, including acquisition and licensing of technologies related to the cannabis and biopharmaceutical sectors. He has over 15 years’ experience in the pharmaceutical industry serving in various commercial and strategic roles at Eli Lilly and Company.

“MINDCURE’s core mission to identify, develop and provide solutions to the healthcare community that ease suffering, increase productivity, and enhance mental health is what really attracted me to this opportunity, ” said Daniel Herrera, MINDCURE Vice President, Growth and Strategic Partnerships. “Having worked over many years with key stakeholders in hospitals, governments and with payers globally to establish new treatment paradigms and improved patient access to novel medicines, I understand the importance of trust and collaboration within partnerships and stakeholder relations in health care. As MINDCURE further establishes itself as a life sciences leader in this nascent space, I hope to help accelerate its growth with the experience gained from the highly regulated pharmaceutical and cannabis industries.”

In this new position at MINDCURE, Daniel will focus on establishing strategic partnerships that help with the Company’s sales efforts, leveraging MINDCURE’s technology and research expertise with mental health partners across the psychedelics and health care value chain. He will also spearhead the company’s mission to be a premier service provider for therapist deployment of psychedelic care and develop industry partnerships that drive platform engagement of iSTRYM.

“Daniel’s track record of success makes him a great addition to our team as we drive penetration of our technology product and develop long term relationships targeting our research outcomes,” said Kelsey Ramsden, MINDCURE President and CEO. “He has the life sciences industry credibility from his experience working with doctors, medical professionals, and governments around the world. He is also the right person to help us further build out MINDCURE’s commercial team and help quicken the Company’s continued growth via Joint Ventures, Partnerships and M&A transactions.”

About Daniel Herrera:

Daniel Herrera is a pharmaceutical executive with extensive experience in large and startup pharmaceutical organizations and a proven track record in translating business strategy into actionable goals for growth, and profitability in highly regulated industries. His experience ranges from sales and marketing management to medical affairs, product development and product licensing, to negotiations with public and private payers, GPOs, and pharmacy buyers, to operations and strategic business development, and strategic partnerships resulting in high-value M&A transactions.

Daniel is a graduate of McGill University, the University of Montreal and earned an MBA from the John Molson School of Business at Concordia University.

About Mind Cure Health (MINDCURE) Inc.

MINDCURE exists as a response to the current mental health crisis and urgent calls for effective treatments. MINDCURE believes in the need to reinvent the mental health care model for patients and practitioners to allow psychedelics to advance into common and accepted care.

MINDCURE is focused on identifying and developing pathways and products that ease suffering, increase productivity, and enhance mental health. MINDCURE is interested in exploring diverse therapeutic areas beyond psychiatry, including digital therapeutics, neuro-supports, and psychedelics, all to improve mental health.

On Behalf of the Board of Directors
Kelsey Ramsden, President & CEO
Phone: 1-888-593-8995

Forward-Looking Information

Certain statements in this news release may constitute “forward-looking information” within the meaning of applicable securities laws (also known as forward-looking statements). Forward-looking information involves known and unknown risks, uncertainties and other factors, and may cause actual results, performance or achievements or industry results, to be materially different from any future results, performance or achievements or industry results expressed or implied by such forward-looking information. Forward-looking information generally can be identified by the use of terms and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “feel”, “intend”, “may”, “plan”, “predict”, “project”, “subject to”, “will”, “would”, and similar terms and phrases, including references to assumptions. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: Mr. Herrera helping to drive MINDCURE’s commercial focus and strategic partnerships; Mr. Herrera’s experience in the pharmaceutical industry to help accelerate MINDCURE’s growth; Mr. Herrera establishing meaningful partnerships for MINDCURE’s strategic sales efforts; Mr. Herrera spearheading MINDCURE’s mission to be the premier service provider for therapist deployment of psychedelic care; Mr. Herrera developing industry partnerships that drive platform engagement; and Mr. Herrera being the right person to help MINDCURE further build out its commercial team.

Forward-looking information is based on a number of key expectations and assumptions made by MINDCURE, including, without limitation: the COVID-19 pandemic impact on the Canadian economy and MINDCURE’s business, and the extent and duration of such impact; no change to laws or regulations that negatively affect MINDCURE’s business; there will be a demand for MINDCURE’s products in the future; no unanticipated expenses or costs arise; MINDCURE will be able to continue to identify products that make them ideal candidates for providing solutions for treating mental health; that the functional mushroom industry will continue to grow; Mr. Herrera will help MINDCURE to accelerate its strategic sales efforts; Mr. Herrera will develop industry partnerships to drive platform engagement; Mr. Herrera will be the right person to help MINDCURE further build out its commercial team; and MINDCURE will be able to operate its business as planned. Although the forward-looking information contained in this news release is based upon what MINDCURE believes to be reasonable assumptions, it cannot assure investors that actual results will be consistent with such information.

Forward-looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information involves significant risks and uncertainties and should not be read as a guarantee of future performance or results as actual results may differ materially from those expressed or implied in such forward-looking information. Those risks and uncertainties include, among other things, risks related to: the impacts of the COVID-19 pandemic on the Canadian economy, MINDCURE’s industry and MINDCURE’s business, which may negatively impact, and may continue to negatively impact, MINDCURE and may materially adversely affect MINDCURE’s investments, results of operations, financial condition, and MINDCURE’s ability to obtain additional equity or debt financing, and satisfy its financial obligations; general economic conditions; future growth potential; competition for mental health and wellness investments; Mr. Herrera may not help MINDCURE to accelerate its strategic sales efforts; Mr. Herrera may not develop industry partnerships to drive platform engagement; Mr. Herrera may not be the right person to help MINDCURE further build out its commercial team; and changes in legislation or regulations. Management believes that the expectations reflected in the forward-looking information contained herein are based upon reasonable assumptions and information currently available; however, management can give no assurance that actual results will be consistent with such forward-looking information. Additional information on the risk factors that could affect MINDCURE can be found under “Risk Factors” in MINDCURE’s final prospectus which is available on SEDAR at www.sedar.com.

The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management’s current beliefs and is based on information currently available to MINDCURE. The forward-looking information is stated as of the date of this news release and MINDCURE assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

The CSE has neither approved nor disapproved the contents of this press release and the CSE does not accept responsibility for the adequacy or accuracy of this release.

SOURCE Mind Cure Health Inc.

For further information: Connect: Investor Relations: investors@mindcure.com; 1-888-593-8995; Jonathan L. Robinson CFA, Partner, Oak Hill Financial Inc., jrobinson@oakhillfinancial.ca, 416-669-1001

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Vireo Health Completes Expansion of Cannabis Cultivation Facility in New Mexico & Announces Opening of Two Green Goods Dispensaries in Albuquerque and Las Cruces

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Core One Labs to Rescind Share Exchange with Plant-Based Investment Corp.

Vancouver, British Columbia, Canada – April 14, 2021 – Core One Labs Inc. (CSE: COOL), (OTC: CLABF), (Frankfurt: LD62, WKN: A2P8K3) (the “Company” or ”Core One”) announces that it has reached an agreement with Plant-Based Investment Corp. (formerly, Cannabis Growth Opportunity Corporation) (CSE: PBIC) (“PBIC”) to rescind the share exchange transaction previously completed between the parties (the “Share Exchange”).

Effective March 16, 2020, the Company subscribed for and acquired 3,149,606 common shares of PBIC, and in consideration issued 5,333,333 common shares to PBIC (or 2,666,667 common shares after giving effect to the share consolidation completed by the Company on July 8, 2020).  The Company and PBIC have agreed to rescind the Share Exchange and return to treasury and cancel all securities of the Company and PBIC issued in connection with the transaction.

Rescission of the Share Exchange concludes the relationship between the Company and PBIC and allows both companies to focus on execution of their core business objectives.

About Core One Labs Inc.

Core One is a biotechnology research and technology life sciences enterprise focused on bringing psychedelic medicines to market through novel delivery systems and psychedelic assisted psychotherapy. Core One has developed a patent pending thin film oral strip (the “technology”) which dissolves instantly when placed in the mouth and delivers organic molecules in precise quantities to the bloodstream, maintaining excellent bioavailability. The Company intends to further develop and apply the technology to psychedelic compounds, such as psilocybin. Core One also holds an interest in medical clinics which maintain a combined database of over 275,000 patients. Through these clinics, the integration of its intellectual property, R&D related to psychedelic treatments and novel drug therapies, the Company intends to obtain regulatory research approval for the advancement of psychedelic-derived treatments for mental health disorders.

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 strict regulatory regulations.  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.

In addition, psilocybin is currently a Schedule III drug under the Controlled Drugs and Substances Act (Canada) and it is a criminal offence to possess substances under the Controlled Drugs and Substances Act (Canada) without a prescription or authorization. Health Canada has not approved psilocybin as a drug for any indication. Core One does not have any direct or indirect involvement with illegal selling, production, or distribution of psychedelic substances in jurisdictions in which it operates. While Core One believes psychedelic substances can be used to treat certain medical conditions, it does not advocate for the legalization of psychedelics substances for recreational use. Core One does not deal with psychedelic substances, except within laboratory and clinical trial settings conducted within approved regulatory frameworks.

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Mydecine Announces Launch of Cutting-Edge Therapeutic Compound Screening

Published at GlobeNewsWire.com

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DENVER, April 13, 2021 (GLOBE NEWSWIRE) — Mydecine Innovations Group (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA) (“Mydecine” or the “Company”), an emerging biopharma and life sciences company committed to the research, development, and acceptance of alternative nature-sourced medicine for mainstream use, is pleased to announce the next steps in its research and development process as it investigates the chemical compounds and potential therapeutic effects of natural psilocybin as well as the company’s large library of synthetic novel compounds.

Following the receipt of the world’s first international export of dried psilocybin mushrooms at Mydecine’s Canadian Current Good Manufacturing Practice (cGMP) facility at API in Alberta, the Company has begun wide-ranging work to extract and characterize various compounds contained within the fruiting bodies of the dried psilocybin mushrooms. To date, Mydecine and API’s analytical research has found what it believes to be multiple chemical entities not previously characterized within these species before. The Company will now begin the screening process to test the potential therapeutic effects of these entities against serotonin receptors such as HTR1A, HTR2A, HTR2B, HTR2C as well as a broad range of metabolism and absorption assays.

“Having the ability not only to discover and extract compounds, but also provide the end-to-end screening to determine their potential effects as therapeutics is a tremendous capability,” says API CEO, Andrew MacIsaac. “We’ve built a world class drug discovery and development platform with Mydecine that will continue to set the company up for success as a global leader.”

“Utilizing the significant analytical capabilities at our disposal through our work with API as well as our proprietary ability to screen our large libraries of both synthetic and naturally derived novel compounds, we are pleased to announce this exciting advancement to our research and studies around these novel compounds for activity,” said Mydecine CEO Josh Bartch. “These findings tie in with Mydecine’s broader synthetic and development efforts and the programs and tools afforded us through our partnership with API will potentially provide the ability to scale these novel compounds all the way to the clinic in an efficient manner that provides internal insight to the biological effects of psychedelic therapeutics.”

About Mydecine Innovations Group

Mydecine Innovations Group™ (NEO:MYCO) (OTC:MYCOF) (FSE:0NFA) is an emerging biotech and life sciences company dedicated to developing and commercializing innovative solutions for treating mental health problems and enhancing vitality. The company’s world-renowned medical and scientific advisory board is building out a robust R&D pipeline of nature-sourced psychedelic-assisted therapeutics, novel compounds, therapy protocols, and unique delivery systems. Mydecine has exclusive access to a full cGMP certified pharmaceutical manufacturing facility with the ability to import/export, cultivate, extract/isolate, and analyze active mushroom compounds with full government approval through Health Canada. Mydecine also operates out of a state-of-the-art mycology lab in Denver, CO to focus on genetic research for scaling commercial cultivation of rare (non-psychedelic) medicinal mushrooms.

At the heart of Mydecine’s core philosophy is that psychedelic-assisted psychotherapy will continue to gain acceptance in the medical community with many of the world’s best accredited research organizations demonstrating its remarkable clinical effectiveness. Mydecine recognizes the responsibility associated with psychedelic-assisted therapy and will continue to position itself as a long-term leader across the spectrum of clinical trials, research, technology, and global supply. Mydecine has also successfully completed multiple acquisitions since its inception.

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

For further information about Mydecine Innovations Group, Inc., please visit the Company’s profile on SEDAR at www.sedar.com or visit the Company’s website at www.mydecine.com.

This news release contains forward-looking information within the meaning of Canadian securities laws regarding the Company and its business, which relate to future events or future performance and reflect management’s current expectations and assumptions. Often but not always, forward-looking information can be identified by the use of words such as “expect”, “intends”, “anticipated”, “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would” or “will” be taken, occur or be achieved. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, without limitation, risks regarding the COVID-19 pandemic, the availability and continuity of financing, the ability of the Company to adequately protect and enforce its intellectual property, the Company’s ability to bring its products to commercial production, continued growth of the global adaptive pathway medicine, natural health products and digital health industries, and the risks presented by the highly regulated and competitive market concerning the development, production, sale and use of the Company’s products. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation.

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Delic Provides First Quarter 2021 Shareholder Update

VANCOUVER, BC, April 12, 2021 /PRNewswire/ – Delic Holdings Inc. (“DELIC” or the “Company“) (CSE: DELC) (OTCQB: DELCF), a psychedelic wellness-focused company, is pleased to provide the following shareholder update on its operations for the first quarter of 2021.

The first quarter of 2021 has been transformative and expansive as DELIC has entered into new sectors of this nascent industry. From early beginnings in media with Reality Sandwich, Meet DELIC, & DELIC Radio, DELIC now has begun to execute its M&A strategy by entering into binding agreements with Ketamine Infusion Center (“KIC”), with their clinics located in California and Arizona, and of Complex Biotech Discovery Ventures (“CBDV”) in Vancouver, and more.

Acquisition Transactions:

Ketamine Infusion Center

On February 5th, 2021 DELIC announced the acquisition of KIC, who over the last 3 years have overseen over 4,000 ketamine infusion treatments delivered, all while seeing revenues increase to over USD$1.5mm. The KIC team has been in the clinic and medical space for over 15 years scaling and operating clinics and hospitals across the United States.

KIC exclusively administers IV Ketamine infusions, which allows them to master the science behind this unique psychedelic therapy. They utilize a state of art electronic medical record system specifically designed for KIC which allows them to track patient outcomes seamlessly. With this effective monitoring tool they gain full representation of progress when it comes to assessing each individual patient. KIC believes that quality of life should not be accomplished by socioeconomic status, so they work diligently to utilize insurance benefits of patients to provide crucial treatment. With 2 clinics already operating in Arizona and California, DELIC plans to help KIC expand to other states in the near future with a goal of adding 12 to 18 clinics in the next 12 to 18 months.

Closing of the transaction is subject to customary conditions and is expected to close in the second quarter of 2021.

Complex Biotech Discovery Ventures

On February 25th, 2021 DELIC announced its acquisition of CBDV (to be renamed DELIC labs), which is a licensed (granted a “Section 56 exemption” by Health Canada) psilocybin and cannabis research lab focused on extraction, analytical testing, and chemical process development. Founded by award-winning chemist, Dr. Markus Roggen, and UBC Professor, Glenn Sammis, CBDV supports the psycheDELIC industry with high precision chemical analytics and metabolomic identification.

CBDV is working to solve the current and future problems of the cannabis and psilocybin industries. CBDV utilizes their talented team and collaborative relationships with partner organizations, industry leaders, and academia. These collaborative efforts enable them to expand knowledge on complex subjects and work on a wide array of chemistry and  health and business issues. They are committed to broadening their horizons by ultimately building a stronger foundation of expertise for DELIC, and the sector as a whole.

Closing of the transaction is subject to customary conditions and is expected to close in the second quarter of 2021.

Homestead Brand

On top of the acquisitions of KIC and CBDV, on March 4th 2021 DELIC announced the acquisition of Homestead which is a legacy counterculture distributor of psychedelic media and creator of one of the first self-contained psilocybin mushroom grow kits. The acquisition of Homestead is an exciting one as It shows how DELIC is increasing accessibility to this nascent industry within regulated jurisdictions. Homestead not only sold tens of thousands of mushroom kits globally but also was one of the earliest distributors for High Times Holdings and many other counter culture publications.

The Homestead acquisition allows DELIC to increase their product offering on their owned website Reality Sandwich (realitysandwich.com), which most recently hit record average monthly traffic of over 200,000 unique visitors, and over 2.6 million active readers in 2020. Through Homestead’s extensive intellectual property and heritage brand, DELIC anticipates to revive the “at home EZ Grow experience” targeted at the Reality Sandwich consumer. Product launch is expected in the later half of Q2 2021, and the new mushroom at home grow kit will have a modern interpretation of the company’s history and will include everything a consumer needs to be an at home mycologist – pre-sterilized and as easy as mixing the core ingredients provided. In addition to the mushroom kit being offered, consumers will also be able to purchase other complementary products to the kit to enhance their experiences and to become better mycologists.

Launch of Meet DELIC Conference:

DELIC will announce our new date for Meet Delic, the premier psychedelic wellness event of the year, in early April. Come and experience what’s new in psychedelic wellness, connect with the community and expand your horizons. Happening in sunny Las Vegas, Nevada. We can’t wait to Meet you. For more information visit MeetDelic.com.

Matt Stang, Founder and CEO commented “What’s in store for the rest of 2021? DELIC is focused on expanding its M&A strategy well beyond its early acquisition targets. We look to utilize our mental health platform to assist studies and increase the intellectual properties born from CBDV’s research, (to be renamed DELIC Labs), and our acquisition of Ketamine Infusion Center’s to expand not only across the US, but Canada also, with the goal to expand clinics from 2 current clinics to up to 12 in the next 12 to 18 months. As we push forward on this exciting new path and transformation within the psychedelic space. We strive to become a leader in the health and wellness sector and ultimately help people. I am extending a big thank-you to the continued support received from our shareholders. We’re just getting started.”

About DELIC

DELIC Always Expanding. In All Ways.

DELIC was formed in 2019 to address the growing interest in psychedelic wellness backed by science. DELIC was the ‎first psychedelic umbrella platform and is currently a trusted source for those interested in ‎psychedelic culture, psychedelic clinics, and more. ‎DELIC’s offerings include, Ketamine Infusion Center (under binding acquisition agreement), a limited liability corporation formed under the laws of Arizona and runs two ketamine clinics in Arizona and California, “Reality Sandwich”, a free public education platform providing psychedelic guides, news and ‎culture, “Meet Delic”, the first ever psychedelic wellness summit, and “The Delic”, an e-commerce lifestyle brand. ‎For more information, check out www.deliccorp.com.

The Canadian Securities Exchange ‎has neither approved nor disapproved the contents of this news release and does not accept responsibility ‎for the adequacy or accuracy of this release.‎

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable ‎Canadian securities ‎legislation and may also contain statements that may constitute “forward-looking ‎statements” within the meaning of ‎the safe harbor provisions of the United States Private Securities ‎Litigation Reform Act of 1995. Such forward-looking ‎information and forward-looking statements are not ‎representative of historical facts or information or current ‎condition, but instead represent only the ‎Company’s beliefs regarding future events, plans or objectives, many of ‎which, by their nature, are ‎inherently uncertain and outside of DELIC’s control. Generally, such forward-looking ‎information or ‎forward-looking statements can be identified by the use of forward-looking terminology such as ‎‎”plans”, ‎‎”expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, ‎‎‎”anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may ‎contain ‎statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be ‎taken”, “will continue”, ‎‎”will occur” or “will be achieved”. The forward-looking information and forward-‎looking statements contained herein ‎may include, but are not limited to, closing of the Transaction, the growth and business of CBDV, potential earn out payments, anticipated continued growth in the health and wellness sector (and, in particular, related to psychedelics), the continued emergence of psychedelics from stigmas, the ability of the Company to maintain sensible messaging, the ability of the Company to avoid dogmatic practices and binary rhetoric‎, the ability of DELIC to successfully achieve business ‎objectives, ‎and expectations ‎for other economic, ‎business, and/or competitive factors.‎

By identifying such information and statements in this manner, DELIC is alerting the reader that ‎such ‎information and statements are subject to known and unknown risks, uncertainties and other factors ‎that may cause ‎the actual results, level of activity, performance or achievements of DELIC to be ‎materially different from those ‎expressed or implied by such information and statements. In addition, in ‎connection with the forward-looking ‎information and forward-looking statements contained in this press ‎release, DELIC has made certain ‎assumptions. Among the key factors that could cause actual ‎results to differ materially from those projected in the ‎forward-looking information and statements are the ‎following:‎ the ability to consummate the Transaction; the ability to satisfy the conditions to closing of the Transaction on the proposed terms and schedule; the potential impact of the announcement or consummation of the acquisition on ‎relationships, ‎including with regulatory bodies, employees, suppliers, customers and competitors; ‎changes in general economic, ‎business and political conditions, including changes in the financial ‎markets; changes in applicable laws; compliance ‎with extensive government regulation; and the diversion of management time on the Transaction.

Should one or more of these risks, uncertainties or other factors materialize, or should assumptions ‎underlying the ‎forward-looking information or statements prove incorrect, actual results may vary ‎materially from those described ‎herein as intended, planned, anticipated, believed, estimated or ‎expected.‎

Although DELIC believes that the assumptions and factors used in preparing, and the expectations ‎contained ‎in, the forward-looking information and statements are reasonable, undue reliance should not ‎be placed on such ‎information and statements, and no assurance or guarantee can be given that such ‎forward-looking information and ‎statements will prove to be accurate, as actual results and future events ‎could differ materially from those anticipated ‎in such information and statements. The forward-looking ‎information and forward-looking statements contained in this ‎press release are made as of the date of ‎this press release, and DELIC does not undertake to update any ‎forward-looking information ‎and/or forward-looking statements that are contained or referenced herein, except in ‎accordance with ‎applicable securities laws. All subsequent written and oral forward- looking information and ‎statements ‎attributable to DELIC or persons acting on its behalf is expressly qualified in its entirety by this ‎‎notice.‎

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Benzinga – Psyched: Entheon Launches Psychedelics Genetic Test, Mydecine Unveils Psychedelic Drug Candidates, California Bill Passes Senate Committee

Entheon Biomedical Corp. announced the launch of a psychedelics genetic test kit last week through its wholly owned subsidiary HaluGen Life Sciences Inc.

The launch represents the first revenue stream for the company, said CEO Timothy Ko.

The test will serve as a pre-screening platform for patients looking into psychedelics-assisted psychotherapy, offering “genetic, personal and familial insights” to improve patient care and reduce possible risks associated with the therapy.

Clients receive a simple test kit in their home, do a cheek swab and return the kit to the company, which conducts a PCR genetic analysis at its Toronto testing facility.

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The company said the test is now available for sale in Canada, and expects to offer availability in the U.S. in coming months.

Mydecine Unveils 4 Psychedelic Drug Candidates

Mydecine Innovations Group (Pink: MYCOF) announced its four lead novel drug candidates Wednesday.

The company plans to present the candidates at Pre-Investigational New Drug meetings with the FDA and Health Canada, a necessary step in obtaining approval for drug development and clinical trials.

The candidates are:

  • MYCO – 001: a form of pure psilocybin derived from natural fungal sources, targeted to be used at mid-to-late-stage clinical trials.
  • MYCO – 002: an empathogen with similar effects to MDMA that could have an improved safety profile.
  • MYCO – 003: a psilocybin-based formula that could diminish the possibility of bad experiences by reducing patient anxiety.
  • MYCO – 004: a hallucinogen delivered transdermally, offering precision dosing and long-term compound stability.
  • The claims presented for these compounds need to be proven in clinical trials and via further research.

“By increasing the complexity of these compounds, we are increasing layers of patents applied, which in turn, also adds pharmaceutical value to the drug candidates,” said Joshua Bartch, co-founder and CEO of Mydecine.

California Psychedelics Decriminalization Bill Passes Senate Committee

A bill to decriminalize psychedelic substances in California, introduced in February by Sen. Scott Wiener, was approved by the Senate Public Safety Committee of the California legislature.

The legislation would remove penalties for the possession and use of psilocybin, LSD and DMT, MDMA, ketamine, mescaline and ibogaine, among others. It would also expunge the criminal records of people charged with crimes related to use and possession of these compounds.

The bill will now head to the Senate Health Committee, Marijuana Moment reported.

Atai Buys Majority In Psyber Brain-Computer Interface

Atai Life Sciences announced on Wednesday it has acquired a majority stake in Psyber, a company working with brain-computer interface digital therapeutics.

Brain-computer interface is a type of technology that allows a direct interaction between the human brain and a piece of software. Psyber, a Delaware-based company, works with EEG to provide this technology.

“Traditionally, the main goal of BCI has been to replace or restore useful functions to people disabled by neuromuscular disorders,” Atai said in a press release.

The company intends to use the technology in the treatment of mental health disorders, using Psyber’s interface in combination with compounds in Atai’s portfolio.

The interface would allow patients to receive a more clear interpretation of their emotional experience from a look at their own neural activity.

The company said it plans to use Psyber’s technology to enhance pharmacological treatment by “offering personalized and novel digitally enhanced, behaviour-changing experiences that complement [patients’] medication assisted therapy.”

The Milestone Round

Core One Labs Inc. (OTC:CLABF) completed the acquisition of Ketamine Infusions Centers of Texas Inc., a clinic providing ketamine therapy. The company plans to leverage the site to develop its psychedelic treatment platform that would deploy psilocybin once it becomes legal.

Core One Labs applied to list its shares on the Nasdaq last month.

Mind Cure Health Inc. (OTCQB:MCURF) filed a provisional patent with the USPTO for its proprietary digital therapeutics tool iSTRYM.

The platform, targeted for both therapists and patients, uses data and patient feedback to improve diagnosis and treatment.

“We intend to build iSTRYM into the world’s largest data repository of psychedelic experiences, backed by science and built on trust,” said Kelsey Ramsden, president and CEO of Mind Cure.

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Mydecine Announces Four Lead Novel Drug Candidates and Prepares for Pre-IND Meetings with the FDA and Health Canada To Prepare For Human Clinical

Published at psychedelicfinance.com

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DENVER, April 07, 2021 — Mydecine Innovations Group (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA) (“Mydecine’), an emerging biopharma and life sciences company committed to the research, development, and acceptance of alternative nature-sourced medicine for mainstream use, has announced its four lead novel drug candidates as the Company prepares for its Pre-Investigational New Drug (IND) meetings with the FDA and Health Canada.

“Our first four novel drug candidates deliver on our long-term strategic road map for drug development with regular milestones that iteratively add value over time. By increasing the complexity of these compounds, we are increasing layers of patents applied, which in turn, also adds pharmaceutical value to the drug candidates,” said Joshua Bartch, Co-Founder and CEO, Mydecine Innovations Group. “The promise of these molecules is undeniable. By providing scalable, more stable compounds and delivery mechanisms for research and development, it means that new treatments for previously untreatable mental illnesses are close at hand.”

The four initial drug candidates include:

  • MYCO – 001 is pure psilocybin from natural fungal sources. Its target uses include mid-to-late stage clinical trials.
  • MYCO – 002 is an entactogenic compound that has been created with the goal of reducing harm and improving the safety profile vs. traditional MDMA.
  • MYCO – 003 is a psilocybin-based formula with reduced anxiety potential, with the aim of removing the possibility of “bad trips,” even with severely ill patients.
  • MYCO – 004 is a patch delivered tryptamine compound. Properties include short duration (~2hours), transdermal, precision dosing and long-term compound stability. The target use is mid-to-late-stage clinical trials, taking advantage of current publicly-available data.

These drug candidates were developed with the research team at Mydecine, led by Chief Science Officer and Co-Founder of Mydecine, Rob Roscow, along with collaboration from Dr. Denton Hoyer, drug-discovery expert and Mydecine Scientific Advisory Board Member. Mydecine believes that these drug candidates are unique and patentable in the United States and Canada and has received advice from counsel confirming such belief.

“In addition to Mydecine’s natural product portfolio, we believe these natural compounds also provide excellent starting points for new compounds which further meet the demands of the clinic and have improved safety, efficacy and formulation properties. Our research focus on molecular design achieves these goals,” said Dr. Hoyer.

“These candidates add layers of safety and dose-ability for the use of psychedelic compounds in medical research and eventually medical practice,” said Mr. Roscow. “We are essentially taking the value that is currently present in natural molecules, such as the psilocybin molecule in MYCO-001, and adding in patentable safety features. We want to create attractive features for the research community by providing compounds that can enhance therapy, reduce anxiety, and maximize delivery mechanisms.”

About Mydecine Innovations Group

Mydecine Innovations Group™ (NEO:MYCO) (OTC:MYCOF) (FSE:0NFA) is an emerging biotech and life sciences company dedicated to developing and commercializing innovative solutions for treating mental health problems and enhancing vitality. The company’s world-renowned medical and scientific advisory board is building out a robust R&D pipeline of nature-sourced psychedelic-assisted therapeutics, novel compounds, therapy protocols, and unique delivery systems. Mydecine has exclusive access to a full cGMP certified pharmaceutical manufacturing facility with the ability to import/export, cultivate, extract/isolate, and analyze active mushroom compounds with full government approval through Health Canada. Mydecine also operates out of a state-of-the-art mycology lab in Denver, CO to focus on genetic research for scaling commercial cultivation of rare (non-psychedelic) medicinal mushrooms.

At the heart of Mydecine’s core philosophy is that psychedelic-assisted psychotherapy will continue to gain acceptance in the medical community with many of the world’s best accredited research organizations demonstrating its remarkable clinical effectiveness. Mydecine recognizes the responsibility associated with psychedelic-assisted therapy and will continue to position itself as a long-term leader across the spectrum of clinical trials, research, technology, and global supply. Mydecine has also successfully completed multiple acquisitions since its inception.

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

‍For further information about Mydecine Innovations Group, Inc., please visit the Company’s profile on SEDAR at www.sedar.com or visit the Company’s website at www.mydecine.com.

This news release contains forward-looking information within the meaning of Canadian securities laws regarding the Company and its business, which relate to future events or future performance and reflect management’s current expectations and assumptions. Often but not always, forward-looking information can be identified by the use of words such as “expect”, “intends”, “anticipated”, “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would” or “will” be taken, occur or be achieved. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, without limitation, risks regarding the COVID-19 pandemic, the availability and continuity of financing, the ability of the Company to adequately protect and enforce its intellectual property, the Company’s ability to bring its products to commercial production, continued growth of the global adaptive pathway medicine, natural health products and digital health industries, and the risks presented by the highly regulated and competitive market concerning the development, production, sale and use of the Company’s products. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation.

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Core One Labs Vocan Expands Product Commercialization Team

Vancouver, British Columbia, Canada – April 6, 2021 – Core One Labs Inc. (CSE: COOL), (OTC: CLABF), (Frankfurt: LD62, WKN: A2P8K3) (the “Company” or “Core One”) is pleased to announce its wholly-owned subsidiary Vocan Biotechnologies Inc. (“Vocan”) has expanded its product commercialization team, adding Dr. Elizabeth Matthews as Head of Scientific and Regulatory Affairs.

Dr. Matthews will oversee research and development, as well as the commercialization of Vocan’s new product offerings, including the navigation of regulatory processes involved during transition from laboratory to market.

Dr. Matthews brings extensive experience as both a scientist and a regulatory affairs expert, and her knowledge of, and aptitude in, navigating regulatory processes and eligibility requirements for scientific products will effectively mitigate timelines in getting Vocan’s proprietary alternative medicinal products to market.  Dr. Matthews is a microbiologist with over 18 years experience in vaccine development and licensing. She has management experience in small and large biotech environments, overseeing research teams from early product development through scale-up, manufacturing and final product release.

She previously held Quality Assurance (QA) and Regulatory Affairs Management positions with Pfizer Canada where one of her responsibilities was the coordination of all QA review inspections as well as all communication with government.  Most recently, Dr. Matthews was Head of Scientific & Regulatory Affairs at Green Sky Labs, a technology incubation company that has developed disruptive technologies in the biotech and related industries.  Dr. Matthews has extensive experience working with controlled substances as well as navigating complex regulatory frameworks and upholding best-in-class quality standards. Dr. Matthews received her B.Sc. (Honours) Biochemistry with Microbiology II(i) from the University of St. Andrews, Scotland in 1995.  Dr. Matthews also received a PhD in microbiology from the University of Victoria in 2003.

“We are please to welcome Dr. Matthews to the team. Her extensive experience working with a large internationally renowned pharmaceutical company, and her ability to navigate regulatory environments will be invaluable as we look to commercialize our products at Vocan.” stated Joel Shacker CEO of the Company.

About Core One Labs Inc.

Core One is a biotechnology research and technology life sciences enterprise focused on bringing psychedelic medicines to market through novel delivery systems and psychedelic assisted psychotherapy. Core One has developed a patent pending thin film oral strip (the “technology”) which dissolves instantly when placed in the mouth and delivers organic molecules in precise quantities to the bloodstream, maintaining excellent bioavailability. The Company intends to further develop and apply the technology to psychedelic compounds, such as psilocybin. Core One also holds an interest in medical clinics which maintain a combined database of over 275,000 patients. Through these clinics, the integration of its intellectual property, R&D related to psychedelic treatments and novel drug therapies, the Company intends to obtain regulatory research approval for the advancement of psychedelic-derived treatments for mental health disorders.

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 strict regulatory regulations.  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.

In addition, psilocybin is currently a Schedule III drug under the Controlled Drugs and Substances Act (Canada) and it is a criminal offence to possess substances under the Controlled Drugs and Substances Act (Canada) without a prescription or authorization. Health Canada has not approved psilocybin as a drug for any indication. Core One does not have any direct or indirect involvement with illegal selling, production, or distribution of psychedelic substances in jurisdictions in which it operates. While Core One believes psychedelic substances can be used to treat certain medical conditions, it does not advocate for the legalization of psychedelics substances for recreational use. Core One does not deal with psychedelic substances, except within laboratory and clinical trial settings conducted within approved regulatory frameworks.