OPTIMI HEALTH STRENGTHENS CLINICAL AND REGULATORY EXPERTISE

VANCOUVER, BC ( July 27, 2021) — Optimi Health Corp. (CSE: OPTI) (OTC: OPTHF) (FRA: 8BN) (“Optimi” or the “Company”), as part of its strategic aim to fully investigate the science of mushrooms, is pleased to announce the engagement of industry veteran Mr. John Simon to facilitate regulatory submissions and planning relevant to key elements of psychedelic research.

Mr. Simon specializes in gaining site and product licences and related commercialization pathway development efforts. He has served in a variety of managerial and consulting roles overseeing quality assurance and regulatory affairs with direct involvement with the FDA and Health Canada audits relevant to medical device manufacturing, drug manufacturing and testing, drug and device establishments and clinical trial site implementation.

Mr. Simon stated, “Working on the Optimi project is an exciting opportunity to help people with unmet medical needs. The IMPACT team is aiming for a clinical trial that meets international standards and this is the sort of goal I find compelling. I believe our studies will offer an extraordinary opportunity to identify the beneficial differences between systemic and natural formulations, and the FDA’s botanical guide/framework could offer strategic insights as to how Optimi can achieve intellectual property (IP) rights even while executing the clinical trial. I have worked in drug development before, and one project in particular went on to become the largest biotech licensing deal in Canadian history at that time. I am keenly aware that mental health & overall wellness is an immense field of opportunity and look forward to helping unlock the potential of psychedelics.

A long-time resident of Edmonton, Canada, he was the very first cannabis sector license holder in that city which he later sold to Avant Brands. He was instrumental in assisting Aurora Cannabis Inc. as well as Radient Technologies in the implementation of Quality Management Systems (QMS) regarding key commercial activities.  He has built an extensive client base in the region including a major chocolatier’s cannabis infusion goals. He has undertaken research & development efforts for globally recognized non-cannabis health & wellness clients in the treatment of common colds, skin beautification, sunscreens, and conditioners. His clinical trial experience includes advanced studies for therapeutic cancer vaccines, as well as numerous projects supporting clinical trials for drugs, natural health products and medical devices.

Organizationally, Mr. Simon serves under the auspices of Optimi’s service agreement with the IMPACT Clinical Trial Accelerator Program of Alberta’s Life Sciences Innovation Hub at the University of Calgary. The IMPACT program provides Optimi expert clinical support towards commercializing proposed psilocybin-based formulations through the conduct of clinical trials and expert assistance towards securing regulatory approval. John Simon B.Sc., RAC, CQA, RQAP-GLP earned his B.Sc. from the University of Alberta, is a Senior Member of the American Society for Quality, is a Certified Quality Auditor (CQA) through the American Society for Quality and holds Regulatory Affairs Certification (RAC) through the Regulatory Affairs Professional Society and RQAP-GLP certification through the Society of Quality Assurance.

JJ Wilson, Optimi Board Chair, notes, “We were very pleased when the IMPACT team presented John as the expert to assist in managing our path through these particularly critical aspects of our strategic plan. To credibly work towards a successful commercial future for psychedelics, we have to align our efforts to meet the standards of both the FDA and Health Canada. With John’s participation, we have significantly upped our game and ability to participate in a much larger arena. Our ultimate goals are for the betterment of mental health and human optimization around the world, and today is an important step forward in meeting that expectation.”

On Behalf of the Board of Directors,

Optimi Health Corp.

Mike Stier
President, Chief Executive Officer and Director

ABOUT OPTIMI (CSE: OPTI) (OTC: OPTHF) (FRA: 8BN)

Optimi is developing a sophisticated mushroom brand that focuses on the health and wellness markets. With a vertically integrated approach, Optimi intends to cultivate, extract, process and distribute high quality functional mushroom products at its two facilities comprising a total of 20,000 square feet nearing completion in Princeton, British Columbia. To fully investigate the science of mushrooms, the Company has received a research exemption under Health Canada Food and Drug Regulations (FDR) for the use of Psilocybin and Psilocin for scientific purposes via its wholly owned subsidiary Optimi Labs Inc. Optimi has also applied for a dealer’s license under Canada’s Narcotic Control Regulations governing possession, distribution, sale, laboratory analysis of and research and development of Psilocybin and Psilocin formulations. Optimi is committed to expert cultivation and quality production subject to and in accordance with the terms of all applicable laws and governing regulations to ensure safe, superior Canadian fungi production. Find out more at: https://optimihealth.ca/.

FOR FURTHER INFORMATION CONTACT:

Investor Relations
Email: investors@optimihealth.ca
Phone: +1 (778) 930-1321
Web: https://optimihealth.ca/

FORWARD‐LOOKING STATEMENTS

This news release contains forward‐looking statements and forward‐looking information within the meaning of Canadian securities legislation (collectively, “forward‐looking statements”) that relate to Optimi’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result,” “are expected to,” “expects,” “will continue,” “is anticipated,” “anticipates,” “believes,” “estimated,” “intends,” “plans,” “forecast,” “projection,” “strategy,” “objective,” and “outlook”) are not historical facts and may be forward‐looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward‐looking statements. No assurance can be given that these expectations will prove to be correct and such forward‐looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward‐ looking statements pertaining to the Company’s potential Nasdaq listing, the dealer’s license application, activities proposed to be conducted under the Company’s research exemption and associated business related to Psilocybin and Psilocin and Optimi’s plans, focus and objectives.

Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Optimi’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID‐19 pandemic and other factors set forth under “Forward‐Looking Statements” and “Risk Factors” in the Company’s Final Prospectus dated February 12, 2021. Optimi undertakes no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Optimi to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward‐looking statement. Any forward‐looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

The CSE does not accept responsibility for the adequacy or accuracy of this release.

PharmaTher Expands Psychedelic Patent Portfolio with Filing of U.S. Patent Application for Novel Ketamine Formulation

  • Strengthens position to become a leader in the intradermal delivery of FDA prescription-based ketamine products
  • Supports commercializing novel uses and delivery methods of psychedelics
TORONTO, July 21, 2021 — PharmaTher Holdings Ltd. (the “Company” or “PharmaTher”) (OTCQB: PHRRF) (CSE: PHRM), a clinical-stage psychedelics biotech company, today announced that it has filed a provisional patent application with the U.S. Patent and Trademark Office outlining a novel formulation of ketamine for intradermal administration as potential treatments for mental health, neurological and pain disorders.  The Company’s intellectual property portfolio includes 19 granted patent and patent applications filed in over 150 countries.

Fabio Chianelli, CEO of PharmaTher, commented:  “As we continue to advance our clinical programs with ketamine, we are building a robust intellectual portfolio of potential prescription-based ketamine products and psychedelics through novel uses, formulations and delivery forms to treat various diseases and disorders.  I am pleased with our continued dedication to becoming a leader of novel ketamine products and implementing a patent strategy that would protect our clinical development and commercialization initiatives.”

The patent application, entitled “Methods and Compositions of Ketamine Formulation for Intradermal Administration,” describes the potential improvement and therapeutic value of ketamine by delivering it through the skin.  Intradermal drug delivery, defined as bypassing the outermost layer of the skin (the stratum corneum) by a suitable device (i.e. patch or spray) and depositing the drug in the underlying viable skin layers (the epidermis and dermis), is an attractive alternative drug delivery approach employed to overcome certain drug administration challenges present in oral, subcutaneous and intramuscular injections, intravenous, and intranasal delivery.  Also, intradermal delivery methods and compositions provide the potential for significant reduction of skin irritation, rapid and controlled drug uptake, pharmacodynamics and pharmacokinetics, as well as improved bioavailability and deposition of the drug at a pre-specified volume.

PharmaTher is positioning itself as an innovator of novel uses, formulations and delivery forms of ketamine.  PharmaTher has a robust pharmaceutical pipeline including, an FDA approved IND to conduct a Phase 2 clinical trial evaluating ketamine to treat Parkinson’s disease, and upcoming clinical studies with KETABET™ (ketamine and betaine) for depression and ketamine for amyotrophic lateral sclerosis (Lou Gehrig’s disease).

The Company also focuses on incorporating psychedelics (i.e. ketamine, psilocybin, DMT, MDMA and LSD) in a microneedle patch with the potential to improve on the safety (i.e. fewer side effects), efficacy (i.e. bioavailability, optimized dosing regimen including continuous system delivery) and compliance (i.e. storage, distribution and self-administration) of these compounds.

In addition, the Company continues to evaluate novel uses of ketamine that would follow the FDA 505(b)(2) regulatory pathway targeting rare disorders that could receive orphan drug designation and large market indications that the FDA could grant fast track designation.  As a result, certain PharmaTher current and future programs have the potential to meet the requirements for these FDA designations.

About PharmaTher Holdings Ltd.

​PharmaTher Holdings Ltd. (OTCQB: PHRRF) (CSE: PHRM) is a clinical-stage psychedelics biotech company focused on the research, development and commercialization of novel uses, formulations and delivery methods of psychedelics to treat mental health, neurological and pain disorders.  PharmaTher is currently conducting an FDA approved phase 2 clinical study with ketamine to treat Parkinson’s disease and is developing a novel microneedle patch for the intradermal delivery of psychedelics.

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

For more information about PharmaTher, please contact:

Fabio Chianelli
Chief Executive Officer
PharmaTher Holdings Ltd.
Tel: 1-888-846-3171
Email: info@pharmather.com
Website: www.pharmather.com

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

Cautionary Statement

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “potential”, “aim” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on PharmaTher Holdings Ltd. (the “Company”) current belief or assumptions as to the outcome and timing of such future events. Forward-looking information is based on reasonable assumptions that have been made by the Company at the date of the information and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information. Given these risks, uncertainties and assumptions, you should not unduly rely on these forward-looking statements. The forward-looking information contained in this press release is made as of the date hereof, and Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking information contained herein. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption “Risk Factors” in Company’s management’s discussion and analysis for the period of February 28, 2021 (“MD&A”), dated April 28, 2021, which is available on the Company’s profile at www.sedar.com.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction.

Mindset Pharma Announces Appointment of Clinician Scientist, Dr. Ishrat Husain, to Scientific Advisory Board

TORONTO, July 20, 2021 (GLOBE NEWSWIRE) — Mindset Pharma Inc. (CSE: MSET) (FSE: 9DF) (OTCQB: MSSTF) (“Mindset” or the “Company”), a drug discovery and development company focused on creating optimized next-generation psychedelic medicines to treat neurological and neuropsychiatric disorders with unmet medical needs, today announced the appointment of Dr. Ishrat Husain to its Scientific Advisory Board. Dr. Husain will provide strategic guidance to Mindset as the Company develops a regulatory pathway for its novel psychedelic-based therapeutics to receive FDA approval and eventually offer relief to patients suffering from mental illness.

Dr. Ishrat Husain is at the forefront of research into the neurobiology of depression and bipolar disorder, and currently conducting clinical trials of emerging treatments for these conditions. Dr. Husain has published over 40 research papers investigating the neurobiology and associated clinical care of mood disorders. He is currently the Lead of the Mood Disorders Service and Clinician Scientist in the General Adult Psychiatry and Health Systems Division at the Centre for Addiction and Mental Health (CAMH), as well as an Assistant Professor in the Department of Psychiatry at the University of Toronto. Prior to Dr. Husain’s work at CAMH, he was an academic psychiatrist in the UK. Dr. Husain earned his Bachelor of Medicine and Bachelor of Surgery from St. George’s University of London and received his Doctorate of Medicine Research from the world renowned Institute of Psychiatry, Psychology and Neuroscience at King’s College London.

“Dr. Husain brings an important perspective and skillset to Mindset with his experience developing clinical trials for emerging treatments for mood disorders, as well as his first-hand clinical knowledge as an active psychiatrist,” said James Lanthier, CEO of Mindset. “He will help position us for success as we move through the regulatory process and eventually into the clinic. Dr. Husain’s appointment is another important milestone in our journey to bring safer, more efficacious psychedelic-inspired mental illness treatments to the market.”

About Mindset Pharma Inc.

Mindset Pharma Inc. is a drug discovery and development company focused on creating optimized and patentable next-generation psychedelic medicines to treat neurological and psychiatric disorders with unmet needs. Mindset was established in order to develop pharmaceutical assets that leverage the breakthrough therapeutic potential of psychedelic drugs. Mindset is advancing its own proprietary therapeutics identified across its four novel families of psychedelic-inspired compounds.

For further information on Mindset, please visit our website at www.mindsetpharma.com.

For more information, please contact:

Investor Contact:
Allison Soss/Tim Regan
KCSA Strategic Communications
Email: MindSet@kcsa.com
Phone: 212-896-1267/ 347-487-6788

Company Contact:
James Lanthier, CEO
Email: jlanthier@mindsetpharma.com

Jason Atkinson, VP, Corporate Development
Email: jatkinson@mindsetpharma.com
Phone: 416-479-4094

Forward-Looking Information

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”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Additional information regarding risks and uncertainties relating to the Company’s business are contained under the heading “Risk Factors” in the Company’s annual information form for the financial year ended June 30, 2020 dated March 5, 2021. The forward-looking information included in this news release is made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise, except as required by applicable law.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

PURE EXTRACTS SIGNS WHITE LABEL AGREEMENT WITH BRITISH COLUMBIA-BASED GREEN LIGHT SOLUTIONS

Vancouver, B.C., July 20, 2021 – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, is pleased to announce that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has signed a custom manufacturing/white label agreement with Nelson, BC based Green Light Solutions Corp.’s (“GLS”) subsidiary, Joe’s Hemp Shack Inc., to launch a line of vape products.

The agreement calls for the initial extraction & formulation of premium hemp into high quality CBD vape cartridges. These products will be created by collaboration between the two companies with a reliance on Pure Extracts’ 30+ proprietary formulations and its optimized vape hardware. Pure Extracts will be providing co-manufacturing extraction services including all sales and distribution, labelling, packaging, applying of excise stamps and shipping.

GLS is an innovation firm committed to driving excellence in the Cannabis industry. GLS delivers value across multiple cannabis verticals through an agile, tech-forward business model, following cannabis and hemp specific strategies in its subsidiary business units. The company’s leadership team combines extensive experience in the cannabis industry with strong manufacturing and technology development expertise and a robust IP portfolio.

Pure Extracts CEO, Ben Nikolaevsky, remarked, “We are excited about launching a white label product with our new partner, GLS, a fellow BC company, as they are focused on creating state-of-the-art cannabis-based products utilizing their small-batch cannabis and high-potency CBD hemp. With the addition of GLS and the increased capacity and flexibility our new cosolvent injection system provides, we have begun to execute our strategy with craft producers and branding specialists to get their white label products into the provincial dispensaries and drive up to $3 million of annual revenue from this vertical.”

Joe Corea, VP of Business Development at GLS, added, “Working with an experienced and agile manufacturing partner is critical in executing a differentiated product strategy. The emerging CBD market is dynamic, and by collaborating with adaptive partners, we can rapidly meet consumers’ evolving demands. We are confident that Pure Extract’s capabilities and market philosophy will enable us to disrupt the CBD vape category.”

ON BEHALF OF THE BOARD

Ben Nikolaevsky
Ben Nikolaevsky
CEO and Director

About Pure Extracts (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ)

Pure Extracts Technology Corp. features an all-new, state-of-the-art processing facility located just 20 minutes north of world-famous Whistler, British Columbia. The bespoke facility has been constructed to European Union GMP standards aiming towards export sales of products and formulations, including those currently restricted in Canada, into European jurisdictions where they are legally available. Health Canada, under the Cannabis Act, granted Pure Extracts its Standard Processing License on September 25, 2020. The Company’s stock began trading on the Canadian Securities Exchange (CSE) on November 5, 2020.

Find out more at https://pureextractscorp.com/.

For more information:

Pure Extracts Investor Relations

Tel: +1 604 493 2052

info@pureextractscorp.com    

Forward Looking Statements

This news release contains forward-looking statements relating to the future operations of Pure Extracts, and the other statements are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding US expansion and the future plans and objectives of Pure Extracts’, are forward-looking statements and involve risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from what is projected in forward looking statements. Although we believe that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and we cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements. Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under “Risk Factors” in the Company’s Annual Information Form. The Company does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws.

This news release contains information about potential sales revenue from supply agreements, which may be considered as disclosure of financial outlook under applicable securities laws. Such information is subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraph. Specifically, estimated sales revenue which may be derived from supply contracts has been calculated based on current wholesale prices and assume, among other things, that the Company will be able to find buyers for its products. Financial outlook contained in this news release was made by management as of the date of this news release and was provided for the purpose of providing readers with an understanding of the potential revenue which may be derived from supply agreement recently entered into by the Company and are not an estimate of profitability or any other measure of financial performance. Readers are cautioned that the financial outlook contained in this document should not be used for purposes other than for which it is disclosed herein.

The CSE has neither approved nor disapproved the contents of this press release.

AIkido Pharma Issues Update on Antiviral Platform with the University of Maryland

Computer Aided Drug Design Accelerates Development

Work on Coronavirus, Influenza and Ebolavirus Advances

Computer Aided Drug Design Accelerates Development

PR Newswire

NEW YORK July 16, 2021 /PRNewswire/ — AIkido Pharma Inc. (Nasdaq: AIKI) (“AIkido” or the “Company”) today provided an update to the progress of its antiviral platform with the University of Maryland School of Medicine.  The Company stated:

(PRNewsfoto/AIkido Pharma Incorporated)

The goal for the project is the identification and optimization of anti-viral compounds that inhibit viral replication by targeting a protein complex that degrades RNA at the cellular level.  Scientists have identified proteins that are required for viral replication in these viruses.  Computers were also used to aid the drug design approach by identifying compounds that are predicted to block viral replication.  From this work, scientists have identified 4 lead compounds that block Influenza, Coronavirus (CoV-2), and Ebolavirus replication.

Anthony Hayes , CEO of AIkido Pharma stated, “Moving forward, the upcoming phase is to optimize the best of these compounds to make them even better.  At the same time, the scientists will take the compounds and measure how well they are bioavailable in the lungs when given either as an injection or as an oral dosing.  Ultimately the goal is to have compounds that demonstrate strong antiviral activity against Influenza virus, SARS-CoV-2, and Ebolavirus.  These illnesses have significant unmet medical needs as demonstrated by their continued resurgence and represent tremendous market opportunities.”

About AIkido Pharma Inc.
AIkido Pharma Inc. 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 University of Maryland at Baltimore . Our diverse pipeline of therapeutics includes therapies for pancreatic cancer and prostate cancer. 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 Pharma Inc.:

Phone: 212-745-1373
Email: investorrelations@aikidopharma.com
www.aikidopharma.com

CisionView original content to download multimedia: https://www.prnewswire.com/news-releases/aikido-pharma-issues-update-on-antiviral-platform-with-the-university-of-maryland-301335312.html

SOURCE AIkido Pharma Inc.

News Provided by PR Newswire via QuoteMedia

MDMA-Assisted Therapy for PTSD: In conversation with Rick Doblin & Payton Nyquvest

Why is real world evidence important for psychedelic research and how do therapy and psychedelics work together? MAPS founder, Rick Doblin, and our CEO, Payton Nyquvest share their thoughts, our collaboration, and where our trial of MDMA for PTSD is headed. Moderated by Sharad Kharé of Human Biography.

Press release here

Full Dialogue Transcript

Sharad: First of all, thank you so much for making time, both of you, today. I believe there’s so much great work in this collaboration that we can talk about further in this dialogue. And I’ll start with you, actually. I remember being in an audience at TED and I got to watch your talk. And I knew of your work. I followed your work. But actually, I remember more glancing at everyone else, looking at you on stage, saying who’s into this right now? Who is fascinated by this conversation? And I remember you saying the words, he’ll inspire us and save us in your dialogue. And I felt like I had goosebumps because I thought, like, thank you for saying that we needed that to be said. And then at the end of your talk, everybody got up and gave you a standing ovation. Doesn’t happen all the time at TED, but when it does, everybody is celebrating together. And that’s what we’re doing here. We’re celebrating your great work. And I wanted to ask Payton, what was your first introduction to Rick and then how did that happen and what was your first impressions of this incredible character here?

Payton: Yeah, I actually and I don’t know if Rick would even remember this, but I met Rick at the same TED event, it was like an after party thing, that sort of a group that was holding after Rick’s talk. And Rick and I met there and I remember and that was very early. That was probably three… was that three? Three and a bit years ago. 2019 and I remember having a conversation with Rick and I was like, Yeah. Doing this and doing that. And I remember Rick, he had the look on his face like I was maybe a crazy person or something like that. And Rick and I regularly joked a few times about the fact that I’m probably still a crazy person, but it’s just being validated, maybe a little bit more than that back then. But that was the first time that Rick and I actually spoke. And obviously I’ve been watching the work that MAPS has been doing for a very long time and then really getting a much deeper understanding of it through Dr. Evan Wood and the BCSU.

Rick: Yeah, well, it’s so nice just to hear about the TED talk, because nothing has made me as nervous as that in many, many years of preparing for that TED talk.

Sharad: It’s an interesting audience. You know, it’s everyone is staring and looking and waiting…  but I remember, and thinking back, I remember you talking about MDMA and it says, you know, it can reduce the fear of difficult emotions. And I remember that quote and I wanted to talk about the study that this collaboration between Numinus and MAPS talking about this. And I want to just get deeper into that, actually. So can you tell me what is involved in the study and we’ll talk about it. MDMA for PTSD study. And we’re currently as and if you can, either of you maybe we’ll start with you, Rick. What is involved? Yeah, OK.

Rick: Well, the study is a study of more real world evidence, which has been talking about rather than a controlled study. So the particular partnership that we have is not about generating the data to get the drug approved directly as a medicine from Health Canada or from FDA or anywhere else, because there’s no control group. It’s an open label study. And the two main purposes of it are it’s the same design as we’re using it more or less in phase three. But the purpose is twofold. One is to train more therapists so that we will be working to have our therapy training team supervised by watching the videotapes of the therapy sessions. Then the other part is to get more safety data, which can be helpful because there’s no control group, the regular agencies won’t consider it to be efficacy data. So I think the advantage for us to working with Numinus is that we really want to lay the groundwork for once this becomes medicine, how does it actually get implemented? And then how do we get national healthcare like Health Canada to pay for the treatments? Because it’s definitely more expensive initially than giving somebody and SSRI or even giving them weekly therapy. You know, this is basically forty two hours of therapy and it’s with a two person team. So, the way in which some countries will decide to pay for it is are the effects durable and what’s the extent of the effect… And how does it work not just in these super, highly controlled settings. The other advantage of this project is that it’s a little bit broader, the inclusion criteria, so that we’ll be able to have more of this real world evidence that we have to be very narrow for the Phase 3 studies. So I think it’s really important. The other part is that because of a lot of efforts with drug policy reform in Canada, there may be a way that Health Canada might even go before FDA. I mean, we’re not sure about that, but that seems like a possibility with what they’ve been doing with compassionate use for psilocybin, for end of life and therapies, being able to use psilocybin as part of their training. So the other place I’ll just say that we’d like to expand a partnership with Numinus is this idea of giving MDMA to therapists as part of their training. And that’s something that we battled with the FDA recently and we’ve gotten permission, but they put on clinical hold a study for almost a year and a half for us to give MDMA to more therapists. We’ve already done it with over 90 therapists, tremendously effective. And we wanted a shorter study. And even though we got approval, it’s still expensive and a lot of data gathering. So there are going to be thousands of therapists in the US that we would like to give an MDMA session legally to, but the problem is the cost and therefore it may be a lot less expensive to do in Canada. And if so, once the border opens and everything is working, we could conceivably send thousands of therapists to Canada to work in a lower intensive protocol or even just consider it as part of. You could even say as part of whatever health Canada might be willing to do this as a very simple protocol, it would be less expensive for us to send thousands of people up to Canada than to do it ourselves in the US. So that’s another future part of the partnership that we hope to look forward to.

Sharad: It’s quite exciting. And Payton, could you talk more about Numinus’ side and this great work? Yeah.

Payton: Yeah, I you know, obviously echoing a lot of what Rick has just mentioned, and I think for us, you know, when we started Numinus, it was really how do we create accessibility for people? And, you know, now, as Rick, we were just joking about, you know, now people are talking about stock prices and raising money and all of these different kinds of things and and not to get distracted from the fact that that’s all wonderful if you’re focusing on accessibility for the people who really need access to to this treatment. And what I’ve really always loved about what the work that MAPS has been doing and their commitment to integrity is really around accessibility for people. And that’s something that I really enjoyed. And with Numinus, that’s been a big focus of ours as well. And, you know, the opportunities around the training of therapists is extremely important, not only to provide, I think, accessibility, but to keep the integrity and really make sure that you’re keeping a certain standard in regards to the people who are ultimately going to be the access providers for this therapy. Because while psychedelics show really encouraging promise, they’re tools and they need to be used with really, really well-trained practitioners who really know what they’re doing. And Rick and I have talked about this, too, but the importance of experiential based training is from just from my own personal experience, you know, it’s like you wouldn’t want to step into an airplane with someone who’s never flown the plane before. And I think it’s really important. And I think Canada, I agree with Rick. I think Canada is in a really unique position right now to really open up accessibility. And with this study, MAPS has done an absolutely hard to fathom job in getting MDMA to where it is today and through the FDA process. And for us to really commit to you know, I think we’re all in agreement that MDMA is going to become legally available. And what is seeming to be in shorter and shorter order. And, you know, there’s a lot of work to do and a lot of heavy lifting to do to build an accessible infrastructure for that to be able to fit into. You know, Rick and the work that MAPS has been doing, the last results from the Phase three trials are absolutely staggering results. And more and more people are reading those results. And if you can’t create accessibility for those, all of these people who are in desperate need of this treatment, you’re going to have a problem on your hands. And so there’s a lot of work that needs to be done by, you know, again, all these groups that are raising money and doing all the things that they’re doing to do the heavy lifting now, not the heavy lifting, MAPS has done a significant amount of the heavy lifting. But there’s more… There’s a lot of work to be done on a lot of our parts to do our part to provide accessibility for people and continue to help put some of these pieces together. So, you know, with this study, that’s where we see a really great opportunity.

Rick: Yeah. There’s two other points that make a partnership between Numinus and MAPS such a good natural fit. And so one of them and then you’ve talked about it a bunch, which is that you guys really have a therapeutic orientation.

Rick: Know it’s not so much maximizing money on your stock price. It’s really about treating people. And so there’s going to be pressure from national health insurance companies to minimize the amount of therapy as much as possible. And there may be costs of doing that in terms of patient outcomes, and so I feel that your therapeutic orientation will be such that you’ll be cautious about those things while also clinics that you’re trying to set up, things like that, that the more therapy you provide, the less drug people need, because then they can do the integration work. And so for us, it’s you are therapeutically oriented. You know, for us, we are manufacturing the MDMA, you know, will sell the MDMA by prescription. But I really like the fact that you guys are very therapeutically oriented. So I feel confident that there’s that sense of protecting the therapeutic intervention, even from pressures that come from insurance companies are now trying to weaken.

Rick: The other thing that I think makes such a good natural partnership is the drug policy reform orientation, particularly with Evan, where he’s seen so much of the harms of the drug war.

Rick: And so I think that in some companies, there’s kind of this what I think is the misunderstanding. There’s no way to prove it. But I think in a lot of the for profit companies, there’s a sense that they need to protect their business model from legalization, that once people can buy mushrooms legally at a store, why are they going to go and pay more for psilocybin or why would they go to a clinic? So I think that’s a real misunderstanding, because I think the more you destigmatize these things and the more you do that through both drug policy reform and medicalization, I think it will actually increase the number of people that want to go for trained professionals covered by insurance. And particularly those are going to be the people that have more complex problems. And not only that, they’re going to want to go to people that are cross-trained and have ketamine and MDMA and psilocybin.

Rick: And so I think this idea that Numinus sees drug policy reform as something important to be in parallel, not 10 years later with medicalization and also that it’s not about MDMA or psilocybin or ketamine, it’s about psychedelic therapy. You have that bigger vision. All these are why I think a partnership between MAPS and Numinus is such a good idea and such a natural fit.

Sharad: When I was going through the notes about all the work that’s going on, I read the words “Real World Study”. And can you talk to that and and tell me what that means from a layman aspect. What is a real world study?

Rick: Well, I’ll just start and then Payton, you can continue. But I’ll say that real world study is different from a controlled clinical trial. So just to say that we have probably 8:1 or 10:1 of people that contact us about being in the study and those that we can actually enroll because of all of the different inclusion and exclusion criteria that we have, that we have to, we have to be exceptionally cautious. For example, we exclude people with diabetes. That’s not really necessary. Loads of people with diabetes have taken MDMA, no problem. But there’s a slightly higher potential theoretical risk. So we have a narrow slice of the PTSD population. And we also have… we pay for everything. So there’s no patients, don’t have to pay for it. There’s no health insurance. So, real world means more like your average patient in the world so that you’ll be able to enroll a larger number of people, some of whom we would exclude. You know, there could be more safety monitoring necessary for certain people. But you’re gathering information that’s going to be about scaling this to the larger PTSD population. And then this idea that there’s no control group is the way that it’s going to be administered so that you may find that some people only want one session instead of everybody getting three. Some people may want two sessions. We can also have larger times between the sessions. So it’ll be more like what’s going to happen with real patients post approval, than it is in a rigid clinical trial the same for everybody.

Sharad: Payton, do you want to touch a bit on that from a Numinus standpoint.

Payton: Yeah, I mean, I don’t want to I, I think Rick said it much better than I have, but Ithink, you know, from Numinus’ side of things, what we want to establish is the real world help create the real world infrastructure. There’s lots of clinical trials going on. There’s lots of research on all different kinds of things. And I think for Numinus, our focus has really been on, again, going back to the comment around accessibility, what does this really, really look like at the end of the day? And ultimately I think that’s what’s going to make Numinus is successful, is we’re really focused on the client. We’re really focused on the person that is going to, in a real world context, come through the doors of a Numinus facility. And what does that look like and how can we do the best job for those people? And ultimately, I think that’s what’s going to make us successful. I think if we look at the space, you know, down the road, ultimately the groups that are really, really focused on client or patient outcomes are going to be successful. And and so I think with this study, it gives us the ability to continue to set that up. And again, Rick talked a lot about, you know, the very… what’s becoming the very short future of when MDMA is going to be available for people. And it is soon, even if it’s a couple of years from now – a couple of years is fast. And I’d love to hear Rick talk about this. But, you know, it must be amazing. MAPS has been doing this now for over thirty five years. To be able to actually say that we’re a couple of years out potentially is very short and there’s a lot of people struggling right now. We need a lot of help.

Rick: Yeah. Although I imagine that you may have heard of what they call the 80/20 rule, which is that you can get 80% of the progress with 20% of the work. And then the last 20% of the progress is 80% of the work they also use. That is, 80%of the people that use drugs don’t have problems, but most of the sales go to the 20% who either use a lot or some. But I, I am a little nervous about we have about declaring success too early because I think the next couple years are big challenges. And here in America, we have the example of the second George Bush president who after the initial invasion of Iraq, had went on an aircraft carrier and had a big mission accomplished flag the night before it turned into a quagmire. So, you know, this whole idea of celebrating. Yeah, the fact that it’s only a couple of years away is amazing to me after all these years. But I am very nervous about making sure we do everything that we can to to really get it approved. There’s something else I just want to add about the real world evidence, which is that you may find that for what, for example, that starting somebody off on ketamine before they do MDMA prepares them for MDMA. I don’t know that that’s true. But I’m just saying that as part of real world in these protocols, it’s not excluding everything else before and after. So there’s only just this one variable. You can start thinking, because we’re not really looking at efficacy, because it’s not a control group. So you can experiment now with different kinds of programs of treatment that could involve ketamine as well as MDMA in the same patient. And so you can learn a lot of things for the feel.

Payton: Yeah, and psilocybin as well…

Rick: yeah, you know, yeah, and the thing I think that will come in the future is and maybe I don’t know that you can do this is the combination of MDMA and psilocybin at the same time. People are talking. We hear a lot of reports about that. As a way for… either MDMA to be given first and then it sort of smooths out the social event or to give this, I prefer doing the hard part first, give the LSD or psilocybin first and a couple hours later MDMA to smooth the integration. But you’ve got the dissolution, the challenge unalloyed by the help you get from MDMA. So there’s all different things that need to be experimented with. And that’s where… what we mean about real world evidence.

Sharad: And what’s interesting to me. Rick, you’ve been in this, like this mindset for over 30 years and it’s great work. I want to talk about values alignment between Numinus and MAPS. And I think that’s so important to this conversation, because there’s many people that have come and tried to do such work or they’re working on this. But there’s something great about MAPS and Numinus and and this collaboration. If you can talk about values for both Payton and Rick. That would be great.

Rick: Well, I’ve talked about it in terms of being sympathetic and actively speaking favourably about drug policy reform. We’ve also talked about it in terms of really prioritizing therapeutic outcomes. I think that’s really important. And I would say that the even more fundamental one is to recognize what exactly we are going to do. Is this a treatment? That’s a drug treatment that sort of is minor, supplemented by preparation or so like the way as ketamine spravado is approved? Or is this fundamentally psychotherapy that the drug helps make more effective? And I think from the values perspective with Numinus is that you understand that it’s fundamentally therapy and it’s the therapeutic relationship that makes the outcomes so good.

And so I think it’s that sense, and while there is also this sense of for profit, I think that the other part of the value is really that we all recognize that you know that this is ultimately about helping people reduce suffering and that money can be made, but it’s not about putting money as the number one goal.

So, for example, when we talk about our goals are to treat a million people in the first 10 years after approval and train somewhere over thirty five thousand therapists. But we could also express that and we’re going to make X number of dollars from selling. But it’s like the patients first, then the money is important and it’s there. And that’s why you have investors who have given you these opportunities because they want a return. But it’s more about seeing that…. Well, the example is you can have all the money in the world and be on the Titanic and be going down with the ship that it’s about the whole world. And we’re in a major crisis with the sanity of the human race and the climate change and all these things. And so I think just Numinus has that value of what we’re really doing and what kind of a context are we in. And there’s kind of a spiritual element that I get from some of the Numinus people that’s really ideal.

Sharad: Peyton, talking about the amazing people, you know, and Devin Christie, you know, Evan Wood, all these incredible people that are part of this, you want to talk about them, Payton, and their role in this great company?

Payton: Yeah, yeah. I think just echoing so much of what Rick mentioned, values alignment, and, you know, especially, you know, the talking about the financial piece as well. If we continue to focus on the problem that we’re trying to solve and create solutions around, that ultimately, not only will you know financially that that will be successful, but also sustainable. Let’s not be shortsighted and just focus on what’s the best immediate bang for our buck sort of thing. And let’s think about what’s sustainable and what’s going to be really lasting for the long time. And that’s what we’ve been focused on. And ultimately, that does come down to people, the people that we have involved with and Numinus and the people that I see in MAPS just deeply, deeply understand that. And their commitment to the people that they’re trying to serve, I think is exceptional. And Devon, the work that she’s done to really and boldly – Right – these are people who have really stepped out within a health care system that these especially when when people like Devon were and obviously Rick and his team as well, it took a lot of courage and it took and to to boldly make those commitments. And it you know, from there’s certainly a personal alignment there, but it’s also what they felt was best for the people that they were trying to affect and help. And now MAP has the data to back that up through this Phase 3 work. And so I think, you know, again and then people like Evan, same sort of thing. For him to go out there and be a stand for the drug policy change that he believes is right and not only be a stand for it, but be effective in actually making changes. I mean, Evan has made astounding changes in regards to drug policy change. And he’s extremely passionate about it because he feels that’s what’s right. And so it sort of marrying this effectiveness with real integrity and focusing on the people first. So that continues to be my motivation for getting out of bed every morning and doing this is – just the amazing people and their ability to to really move these categories forward.

Rick: And I would say because of this kind of values alignment, I think this is going to just be the first of many partnerships that we have together.

Rick: As I’ve already mentioned, this idea of training therapists, I mean, that’s going to be a big one, but there can be a lot more as well. Other indications of MDMA that we could be looking at together or MDMA in combination of things or, you know, particularly Evan having done a lot of work with substance abuse. What can we do about MDMA for people whose trauma drives them to substance abuse? Right now we’ve had a challenging… again, OK, this gets to your question about real world evidence. So we have wanted to try to enroll people who are still active substance abusers, who maybe just been through detox or something. And but the FDA is not permitting us to do that, nor is Health Canada right at the moment. They want a certain period of time that’s been like 60 days or so. So in England then Ben Sessa did a study with MDMA, with alcoholics, and they were only out of detox a week or two. For some of these people, so I think one of the big areas that I’d really like to think about working together with Numinus on is working with people sort of, you could say dual diagnosis with active PTSD, but still potentially, you know, very brief time of after having some sort of detox or something so that they can or maybe not at all even. I mean, what could we do with ibogaine for opiate addiction? There’s a whole range of things that I look for that we can be doing together in partnership.

Payton: Just echoing on that as well – we have the substance use disorders studies that we’re doing with psilocybin at the end of the summer as well. And I, you know, I think there’s some really it’s very exciting to sort of see, you know, again, whether it’s with different medicines or what are some, again, going back to some of the real world work as is. How could we sort of leverage some of these different experiences and things to, again, really focus on the outcomes for poor patients?

Sharad: This collaboration between MAPS and Numinus, Canada and the US sort of coming here. I want to talk about what does this mean for the world and what are the opportunities for the world to look at this? That’s what I want to start off here.

Rick: Yeah, OK. Well, I’ll say that the way we’re looking at it now is that because we have intentionally taken on a globalization perspective, our first phase three study for FDA could have been all done just in sites in the United States and we could have gotten approval that way. But we’ve chosen to add sites in Canada and in Israel so that everything that we do for FDA is both for Ministry of Health in Canada and I mean Health Canada and Ministry of Health in Israel. What we’ve also been told is that if we can get approval from. FDA, Health Canada, Ministry of Health and also from the European Medicines Agency, which is now we’re starting to do that in Europe, that virtually every country in the world will then accept the drug without additional research done in those countries. The notable exceptions are China, Japan and Russia. Russia being a country that’s blocking all sorts of research, anything with schedule one drugs. China also is problematic, but they want it in Japan. They feel that they’re so unique genetically that they want phase three studies done in their own population, even though they’ll take foreign data. So I think what it means for the world is that people look at the FDA, Health Canada, Ministry of Health in Israel as leading organizations with the scientific capabilities and established regulatory systems so that if it does get approval in these areas, that in these countries, many countries will automatically even without him. So let’s just say that if we have FDA, Health Canada, the Ministry of Health in Israel, most countries of the world will approve based on that. And so I think that what it means for the world is that what we’re talking about is MDMA-Assisted therapy for PTSD is the first in class of psychedelic assisted psychotherapy. And so once you have the first in class of anything that really opens the door for a lot more innovation and other people doing research and other people trying to improve on things. And so what I think it means for the world is and what we see now is that the success that MAPS had them sort of addressing a lot of the regulatory problems that have blocked research, addressing overcoming some of the financial problems that we’ve had to do through donations and then getting this initial evidence. It’s helped build this entire for profit system of hundreds now for profit companies. So I think that’s one thing. But if we actually succeed in getting regulatory approval, then it’s going to open the door all over the world for more research, for more approval, for more patients. And when we talk about it in the US, just to talk about it this way, in the US, Canada and Israel, there’s somewhere in the neighborhood of 10 million patients. But in the world there’s at least three hundred fifty million or way more PTSD patients. So that’s what it means for the world, is that we’ll be able to use this as a launching pad to globalize.

Sharad: Wow, I look at what’s going on in Texas, California, Oregon, the decriminalization of psychedelics, and what does that mean to this work as well?

Rick: Well, first off, it means that the zeal for the drug war, which has been the primary motivation to block psychedelic research. It’s both the zeal for the drug war and also the concern about the counterculture. It’s political reasons. What happens when people realize that there’s a world beyond their own little selves and that people that look differently from them or have a different religion are really like 99.9% the same. What is it that the implications are from those kind of experiences? And I think they’re really profound.

Sharad: It’s beautiful work. I want to ask you about some sort of conclusion, you know, when you think about this work… What does the future look like for us? What is this new paradigm shift and wellness? That’s what I’ve been calling it, the psychedelic revolution, which I’m quite apt to like looking at and seeing it happen right in front of us right now. What does this mean for the future?

Rick: OK, well, I mean, maybe maybe because I’m from a nonprofit context and then you have to be careful what you say Payton about not giving wrong impression. So I’ll be a little bit bolder. I’ll go first and then you can say what I think is going to happen is that we’re going to get approval in 2023, psilocybin in 2024, 2025. Something like that will then have roughly 5,000-10,000 psychedelic clinics set up in the United States, Europe, Europe. Approval we think will be a year behind in 2024. So let’s assume we have these 10,000 psychedelic clinics and 50,000 therapists and different places of the world that’s going to be changing public attitudes. And so I think in 2035 we’re going to move towards not just the decrim for the psychedelics, but legalization in a form that I’m calling license legalization. So  it’s not the libertarian dream of everybody can just get it, but it’s that you have a kind of a license to do drugs. And if you misbehave, you get punished and you might lose your license and you might have to go to education or something for a while and you get it again. But I think that’s 2035. And then with harm reduction, with honest drug education, I think by 2050 we can have a spiritualized humanity. And so it doesn’t require all 8, 10 billion people to be psychologically informed, you can have these kind of spiritual experiences in other ways, even without psychedelics. But I think that the pressures of the globalization, of the global struggles that we have, that’s one that’s my optimistic projection. Alternatively, we could see know a time of crisis, of people really crumbling under the fear and anxiety of millions of climate refugees and the rise of authoritarianism and the way democracy is under challenge all over. And so the hope is that through healing people’s traumas so that they and their depression, anxiety, so they can see the world more clearly and not be inhibited from acting and have hope and and also with ketamine, with psilocybin… that we’ll have enough of a kind of Spiritualized core that will steer the ocean liner of humanity away from the iceberg that sunk Titanic and into the glorious future. And so that’s my thought. And I think psychedelics can play a major role to that. And as I ended up my TED talk, you know, it’s a choice between the humanities, the crossroads between consciousness and catastrophe. Yes. So I think psychedelics are here to help consciousness prevail. And I think that the medical research on what we’re doing with Numinus is a key part of that, because that’s the leading edge of culture right now, is science and medicine.

Sharad: Thank you for your answer and Payton, I don’t want to leave you out of this final thought as well, what is this, the future for Numinus and your work?

Payton: Yeah, I would be boldly in raving agreement with Rick around the… I think psychedelics have this amazing potential to help heal a number of really the largest societal issues that we have today around mental health and then looking towards the future. What about when we start talking about mental wellness instead of just mental health? But what does mental wellness look like? We all go to the dentist twice a year, whether we have perfect teeth or not. So this opportunity for us to shift from, you know, yes, there’s a huge amount of suffering out there right now that we need to help alleviate, but also looking towards the future mental wellness. And as Rick said, to you know, we talk a lot about whole human health and that connection throughout that and globally and on a global scale. And I think Rick’s you know, I’ve always loved Rick’s ambition and focus on, you know, this is a global thing. And for us, it’s been very much the same. So I think the future and again, the future is not far away anymore. It feels like… I think it’s extremely exciting. And I just more than anything, I want to acknowledge the gratitude that I have for Rick and MAPS. And I’m always deeply honored and humbled to be able to have these conversations and for humans to be able to do our part and in moving this forward. So I’m very excited and very grateful.

Rick: Yeah, le me elaborate one point, which is I think that these clinics that I’ve talked about will initially be for patients. But one study that we’re trying to fundraise for and complete would take place in Toronto. It’s called Cognitive Behavioral Conjoint Therapy for PTSD. And it’s where conjoint means couples are dyads, where one person has PTSD, but it affects the relationship and both people come into the therapy. And so we’ve actually done a small treatment development study where both people get MDMA, the PTSD patient and the person that’s impacted by that patient. And the results were better than anything ever done before with cognitive behavioral therapy. So what I mean to say, though, is that the clinics will initially be for patients, but they will expand and not very long time to family members. If you’re dealing with somebody that’s dying of whatever and you’re working with them with anxiety or depression, with psilocybin, what about their family members? They need help. And so I think it will go from this initial patients then to their families, and then it will move towards then it’ll move towards healthy volunteers for this wellness that is talking about. And that’s what these clinics will then become and then will become sites of initiation, I think, to get a license…. the safest way would be go to these clinics and you have your first experience for free under supervision, paid for by taxes. And then you know what? You’re getting into the same way. You got to drive a car with somebody, you know, in the car from the driver’s license bureau watching you. And but you get a sense of what it is and then you can do it on your own. So I think that these clinics are really going to be both for patients and then broader for family members and then broaden for personal growth and initiation.

Rick: So I think the clinics that Numinus s is going to set up will become models for social development and social growth.

Sharad: I want to congratulate you, too, both on this beautiful collaboration, a feasibility study for MDMA and PTSD is one piece. But bringing you both together and having this conversation and sort of the mind share of everything that’s going on is so important to our humanity. And I wanted to thank you both for your time. I have so much love and respect for you both. So I have one last question. It’s more of a Sharard question, so I will ask it. I want to ask you what gives you both hope in this work?

Rick: I hear from people almost every day saying I took MDMA or I took psilocybin. And I feel a whole lot better. I mean, so I initially got hope, of course, for my own psychedelic experiences. And that’s what really helped me persist through all of this. When the government of the United States was trying to make it out that one dose of MDMA caused serious brain damage and that you would have major functional consequences. And when a lot of people believe that and when regulatory agencies use that to shut down research for a long time, what gave me hope was that I knew that it worked. I saw it directly. And so I think what gives me hope now is these stories of healing, but also the more stories that are told. So the way you talk about being the storyteller. I think that while the regulatory agencies relate to data and they don’t really want to hear individual stories, the vast majority of people respond to stories, not so much to data. So I think this idea that as we do more and more research and as drug policy reform moves in, more and more people are coming out of the psychedelic closet. It’s those stories that give me the most hope.

Sharad: Well, it’s beautiful. Payton, what gives you hope?

Payton: Yeah, again, you know, I was fortunate enough to have my life saved by psychedelic therapy and being in a place where it was very much life or death for me. So, you know, again, resonated with what Rick said, our own personal hope. And then, you know, I was so shocked and astounded when I first started Numinus, the amount of people that were reaching out daily and still to this day happens. You know, as Rick said, MDMA therapy saved my life. Psilocybin therapy saved my life or saved the life of a loved one that I have that continues to give me hope. And I would say, you know, the other part of that is just how excited and how well adopted I see the medical community stepping into this space and how excited it seems that the medical community is as well for these different. Tools, again, go back to the training of therapists. This is really, from what I see, being seen as the next big revolution and paradigm shift in health care, and that’s being recognized by the health care community, not by the advocates that are trying to push it in a certain direction. It’s really, you know, change from within the system. And I think that for me is extremely, extremely exciting. And, you know, now to see this, as we’ve talked a lot about, really looking like it’s right around the corner is extremely exciting. And, yeah, it’s time.

Sharad: It is time. Thank you so much to both of you. I appreciate your energy, your time, your knowledge. And this is going to change the world and you are changing the world. And I like to be a part of it.

PURE EXTRACTS SIGNS PURCHASE ORDER WITH PRIVATE SASKATCHEWAN CANNABIS DISTRIBUTOR

Vancouver, B.C., July 15, 2021 – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, is pleased to announce that its wholly-owned subsidiary, Pure Extracts Manufacturing Corp., has signed a purchase order (PO) with a licensed cannabis distributor in the Province of Saskatchewan, further expanding the Company’s presence in Western Canada. Pure Extracts’ Pure Pulls cannabis vape cartridges and Pure Chews edible gummies will soon be available for purchase through select online outlets and private retailers in the province.

The PO calls for the initial purchase of .5 gram full spectrum oil (FSO) THC vape carts, THC/CBD blended vape carts, THC gummies as well as ultra-high potency CBD gummies. These products have been created by Pure Extracts from its IP consisting of 30+ proprietary formulations and all vape products have been optimized to perform flawlessly with the hardware chosen by the Company.

Pure Extracts’ CEO, Ben Nikolaevsky, remarked, “We are excited about launching our proprietary vape and edible brands in a third Western province. This marks another successful milestone in our country-wide rollout.”

ON BEHALF OF THE BOARD

Ben Nikolaevsky
Ben Nikolaevsky
CEO and Director

About Pure Extracts (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ)

Pure Extracts Technology Corp. features an all-new, state-of-the-art processing facility located just 20 minutes north of world-famous Whistler, British Columbia. The bespoke facility has been constructed to European Union GMP standards aiming towards export sales of products and formulations, including those currently restricted in Canada, into European jurisdictions where they are legally available. Health Canada, under the Cannabis Act, granted Pure Extracts its Standard Processing License on September 25, 2020. The Company’s stock began trading on the Canadian Securities Exchange (CSE) on November 5, 2020.

Find out more at https://pureextractscorp.com/.

For more information:

Pure Extracts Investor Relations

Tel: +1 604 493 2052

info@pureextractscorp.com    

Forward Looking Statements

This news release contains forward-looking statements relating to the future operations of Pure Extracts, and the other statements are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding US expansion and the future plans and objectives of Pure Extracts’, are forward-looking statements and involve risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from what is projected in forward looking statements. Although we believe that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and we cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements. Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under “Risk Factors” in the Company’s Annual Information Form. The Company does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws.

This news release contains information about potential sales revenue from supply agreements, which may be considered as disclosure of financial outlook under applicable securities laws. Such information is subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraph. Specifically, estimated sales revenue which may be derived from supply contracts has been calculated based on current wholesale prices and assume, among other things, that the Company will be able to find buyers for its products. Financial outlook contained in this news release was made by management as of the date of this news release and was provided for the purpose of providing readers with an understanding of the potential revenue which may be derived from supply agreement recently entered into by the Company and are not an estimate of profitability or any other measure of financial performance. Readers are cautioned that the financial outlook contained in this document should not be used for purposes other than for which it is disclosed herein.

The CSE has neither approved nor disapproved the contents of this press release.

 

Two new companies join psychedelic ETF

Optimi Health Joins First Psychedelic Exchange Traded Fund

PSYK, the world’s first psychedelic ETF that launched in January 2020, was rebalanced for the quarter based on respective float market capitalization. Optimi Health (OPTI) and Atai Life Sciences (ATAI) were added to the fund at 1.9% and 5.0% respectively, and Cybin (CYBN) accounts for the largest stake at 15.9%. The chart below shows the distribution of the ETF’s 24 holdings as of July 9.

MINDCURE Announces Filing of U.S. Provisional Patent Applications for Company’s First Fully Synthetic Routes to Create an Ibogaine Psychedelic Compound

The company’s pharmaceutical grade ibogaine would provide researchers access to a sustainable, high-quality, reliable, and consistent supply of the psychedelic drug, ibogaine.

VANCOUVER, BC, July 13, 2021 /CNW/ – Mind Cure Health Inc. (CSE: MCUR) (OTCQB: MCURF) (FRA: 6MH) (“MINDCURE” or the “Company”), a leader in advanced proprietary technology and research for psychedelics, announces the filing of provisional patent applications with the United States Patent and Trademark Office (USPTO) for innovative processes for synthesizing ibogaine.

The Company has filed patent applications for two chemical synthesis routes, both of which successfully produced ibogaine. The identified routes may provide advantages of improved isomeric purity, increased chiral purity, and more easily isolated intermediate compounds. The ability to look at analogs along the synthesis path provides optionality for further IP development. The two chemical synthesis routes are currently being assessed to determine which one will be selected for further development first.

As announced on June 3, 2021, the Company has completed the first stage of manufacturing pharmaceutical grade ibogaine to be used in clinical research. In the coming weeks, MINDCURE will focus on the scale-up process and expects to launch stage two of the manufacturing process. During this stage, the Company will be running financial models while assessing the quality of the synthetic ibogaine when produced at scale to determine the timing of and economic viability for commercial-scale manufacturing.

Ibogaine has been traditionally sourced from the iboga plant through an extraction process, which can affect the consistency required of a psychedelic drug for research purposes.  If successful, MINDCURE’s fully synthetic production routes could increase access to a medicinal supply and provide the potential to manufacture as a drug, if approved.

“MINDCURE recognizes that the natural iboga plant is a precious resource” said Joel Raskin, MINDCURE’s Chief Medical Officer. “Manufacturing synthetic ibogaine and patenting our process would create the opportunity for synthetic ibogaine to be used by researchers conducting clinical trials and, eventually, by clinicians providing psychedelic therapy. Our company’s research team would also have access to this sustainable drug supply.”

“I believe that the demand for synthetic ibogaine will increase dramatically as research in this field continues to grow. Researchers need access to a standardized, high-quality supply of ibogaine that ensures consistent dosing and reliable results,” said Kelsey Ramsden, MINDCURE’s President and CEO. “We look forward to working with researchers in the medical psychedelic industry, and ultimately supplying the broader market to treat all indications supported by research, with an eye to treating addiction at the forefront.”

Additionally, the Company has entered into an agreement with Investor Brand Network (IBN) to provide services relating to communications and marketing for a one year term beginning July 12, 2021. The Company has agreed to pay a total of USD $20,000 per quarter for the services to be provided during the term.

About Mind Cure Health Inc.
MINDCURE is a life sciences company focused on innovating and commercializing new ways to promote healing and improve mental health. The company is developing digital therapeutics technology and researching psychedelic compounds to support access to safe, evidence-based psychedelic-assisted therapies globally. Learn more at mindcure.com, and follow us on Facebook, Twitter, and Instagram.

Forward-Looking Information
Certain information presented in this news release may constitute “forward-looking information” within the meaning of applicable securities laws regarding MINDCURE and its business.  Forward-looking information inherently entails known and unknown risks and uncertainties about the future and actual results, performance or achievements contemplated by forward-looking statements made may be materially different from the results anticipated 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.

Forward-looking information is based on a number of key expectations and assumptions made by management of 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; that iSTRYM will be developed, optimized and operate as contemplated within the psychedelics industry; or that the Company will be effective in obtaining the patents applied for synthesizing ibogaine, or synthesizing ibogaine, or developing synthesized ibogaine for research, medical or commercial use.

Although MINDCURE has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those described in forward-looking information presented, there may be other factors that cause results, performance or achievements to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements as no forward-looking information can be guaranteed.

Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and MINDCURE does not undertake any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events, or otherwise.

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.

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

OPTIMI HEALTH JOINS FIRST PSYCHEDELIC EXCHANGE TRADED FUND

VANCOUVER, BC (July 13, 2021) — Optimi Health Corp. (CSE: OPTI) (OTC: OPTHF) (FRA: 8BN) (“Optimi” or the “Company”), a vertically integrated developer of mushroom products is pleased to announce its inclusion in the first psychedelics Exchange Traded Fund (“ETF”) (NEO: PSYK). The ETF began trading on the Neo Exchange as of January 26, 2021.

The ETF invests in, and indirectly derive revenues from, companies in the psychedelics industry engaged in legal activities involving psychedelic drugs and substances.

Optimi Health is one of currently twenty-three companies to have met the requirements of listing within the ETF. The ETF seeks to replicate, to the extent possible and net of expenses, the performance of a market index that is designed to provide exposure to the performance of a basket of North American publicly listed life sciences companies having significant business activities in, or significant exposure to, the psychedelics industry. Currently, the ETF seeks to replicate the performance of the North American Psychedelics Index, net of expenses. Rebalancing of the North American Psychedelics Index occurs each calendar quarter. At those points, all stocks eligible for inclusion are generally re-weighted by their respective float market capitalization. Optimi Health received a 1.74% weighting at inclusion.

The ETF is managed by Horizons ETF Management an innovative financial services company offering one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has over $19 billion of assets under management and 95 ETFs listed on major Canadian stock exchanges. Horizons also brought the first cannabis ETF to market in 2017 and continues to lead the industry with ETFs in emerging industries.

Optimi Health’s CEO Mike Stier states, “Inclusion into the ETF is a significant milestone for Optimi Health’s stakeholders. The recognition the Horizons ETF brings us is certainly advantageous to the Company and the increased visibility alone is a big plus, providing increased confidence and assurance to the newer investors. While the ETF brings additional exposure to potential new investors, it also generates value for existing shareholders. We are incredibly pleased to make this announcement today and look forward to capitalizing upon this outstanding opportunity as quickly as possible.”

On Behalf of the Board of Directors,
Optimi Health Corp.

Mike Stier
President, Chief Executive Officer and Director

ABOUT OPTIMI (CSE: OPTI) (OTC: OPTHF) (FRA: 8BN)

Optimi is developing a sophisticated mushroom brand that focuses on the health and wellness markets. With a vertically integrated approach, Optimi intends to cultivate, extract, process and distribute high quality functional mushroom products at its two facilities comprising a total of 20,000 square feet nearing completion in Princeton, British Columbia. To fully investigate the science of mushrooms, the Company has received a research exemption under Health Canada Food and Drug Regulations (FDR) for the use of Psilocybin and Psilocin for scientific purposes via its wholly owned subsidiary Optimi Labs Inc. Optimi has also applied for a dealer’s license under Canada’s Narcotic Control Regulations governing possession, distribution, sale, laboratory analysis of and research and development of Psilocybin and Psilocin formulations. Optimi is committed to expert cultivation and quality production subject to and in accordance with the terms of all applicable laws and governing regulations to ensure safe, superior Canadian fungi production.

Find out more at: https://optimihealth.ca/.

FOR FURTHER INFORMATION CONTACT:

Investor Relations
Email: investors@optimihealth.ca
Phone: +1 (778) 930-1321
Web: https://optimihealth.ca/

FORWARD‐LOOKING STATEMENTS

This news release contains forward‐looking statements and forward‐looking information within the meaning of Canadian securities legislation (collectively, “forward‐looking statements”) that relate to Optimi’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result,” “are expected to,” “expects,” “will continue,” “is anticipated,” “anticipates,” “believes,” “estimated,” “intends,” “plans,” “forecast,” “projection,” “strategy,” “objective,” and “outlook”) are not historical facts and may be forward‐looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward‐looking statements. No assurance can be given that these expectations will prove to be correct and such forward‐looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward‐ looking statements pertaining to the Company’s potential Nasdaq listing, the dealer’s license application, activities proposed to be conducted under the Company’s research exemption and associated business related to Psilocybin and Psilocin and Optimi’s plans, focus and objectives.

Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Optimi’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID‐19 pandemic and other factors set forth under “Forward‐Looking Statements” and “Risk Factors” in the Company’s Final Prospectus dated February 12, 2021. Optimi undertakes no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Optimi to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward‐looking statement. Any forward‐looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

The CSE does not accept responsibility for the adequacy or accuracy of this release.