Tag: $CMND

Clearmind Medicine Holds Annual and Special Shareholders Meeting

TORONTO,September 1, 2021, Clearmind Medicine Inc. (CSE: CMND) (“Clearmind”or the “Company“), a psychedelic medicine biotech company focused on the discovery and development of novel psychedelic-derived therapeutics to solve widespread and undertreated health problems, today announces that all resolutions were duly passed by shareholders at the Company’s Annual and Special Meeting held on September 1, 2021.

“I am pleased to welcome Oz and Oded to our Board of Directors. Together, they bring decades of experience in corporate finance and accounting – areas that are critical to an emerging public company. Both gentlemen have diverse backgrounds in business, management, and leadership, and I know their insight will be invaluable as we work together to establish Clearmind as a leading creator of novel therapeutics for treating mental health issues,”commented Adi Zuloff-Shani, Ph.D., CEO of Clearmind.

OdedGilboa

Mr.Gilboa brings over 20 years of experience in finance and public accounting,having served as a senior finance executive in the technology and biotech industries with responsibilities in corporate finance, accounting, strategic planning and operational and financial management.

Gilboa’s prior positions include CFO of several public companies; CannaPowder Inc.(OTCQB: CAPD) a biomedical company focused on the nutraceutical industries, Emerald Medical Applications Corp. (OTCQB: MRLA) developer of a medical application for the early detection of skin cancer and BreedIt Corp (OTCQB: BRDT) an aggrotech company focused on the development of advanced agriculture breeding. Other financial positions include, Revenue Manager of Mylan Specialty, a subsidiary of Mylan Inc. (NASDAQ: MYL), Director of Finance and US Controller of Taro Pharmaceuticals (NASDAQ:TAROF), and Director of Finance at IDT Corporation(NYSE:IDT), a worldwide provider of telecommunications and media services.

Mr.Gilboa is a CPA with licenses in the US and Israel. He graduated with a B.A in Economics and Accounting degree from Tel-Aviv University and an M.B.A. from Recanati Business School also at Tel-Aviv University.

OzAdler

Mr.Adler currently serves as Chief Financial Officer of SciSparc Ltd (OTC:SPRCF) and sits on the Board of Elbit Imaging Ltd and Charging Robotics Ltd., and previously served as the Chief Financial Officer of Medigus Ltd.

Mr.Adler worked in the audit department of Kost Forer Gabbay & Kasierer, amember of Ernst & Young Global. Mr. Adler is a certified public accountant in Israel and holds a B.A. degree in Accounting and Business Management from The College of Management, Israel.

About Clearmind Medicine Inc.

Clearmind is a psychedelic pharmaceutical biotech company focused on the discovery and development of novel psychedelic-derived therapeutics to solve widespread and underserved health problems, including alcohol use disorder. Its primary objective is to research and develop psychedelic-based compounds and attempt to commercialize them as regulated medicines, foods or supplements.

The Company’s intellectual portfolio currently consists of two patent families. Thefirst, “Binge Behavior Regulators”, has been granted in the U.S.,Europe, China and India, with pending divisional applications in Europe and theU.S. The second, “Alcohol Beverage Substitute”, has been approved for a European patent, with pending applications in the U.S., China and India. The Company intends to seek additional patents for its compounds whenever warranted and will remain opportunistic regarding the acquisition of additional intellectual property to build its portfolio.

Shares of Clearmind are listed for trading on the Canadian Securities Exchange under the symbol “CMND.”

For further information, please contact:

Investor Relations,

Email:invest@clearmindmedicine.com

Telephone: (778) 400-5347

General Inquiries,

Info@Clearmindmedicine.com

www.Clearmindmedicine.com

FORWARD-LOOKING STATEMENTS:

This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks,uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements.Such statements include submission of the relevant documentation within the required timeframe to the satisfaction of the relevant regulators and raising sufficient financing to complete the Company’s business strategy. There is no certainty that any of these events will occur. Although such statements are based on management’s reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.

Investing into early-stage companies inherently carries a high degree of risk, and investment into securities of the Company shall be considered highly speculative.

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

Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Clearmind Issues Shareholder Letter

Dear Shareholders,

As Clearmind’s new CEO, I would like to take this opportunity to welcome you as ashareholder, introduce myself and give you an update on the Company aswell as some insight regarding our plans going forward.

I trust by now you are aware that this past May we finalized a Change ofBusiness Listing on the Canadian Stock Exchange (CSE). In conjunction with thelisting, the Company changed its name from Cyntar Ventures Inc. to ClearmindMedicine Inc. to better reflect our shift to the research and development ofinnovative psychedelic therapeutics. As of May 26th, shares of Clearmind havebeen trading on the CSE under the symbol “CMND.”

As we announced last week, I was recently appointed as the Company’sCEO. I first joined Clearmind as a member of the Scientific Advisory Board. AsI became more involved in the Company and reviewed the pre-clinical testingresults, I recognized real commercial potential. So, when I was offered theposition of CEO, I jumped at the opportunity to initiate the regulatoryapproval process for our 5-Methoxy-2-aminoindane (MEAI), a novel syntheticsmall molecule psychedelic, with Alcohol Use Disorder (AUD) as the initialindication. Further to that, it is my intention to use my experience to build aviable proprietary psychedelic-centric product pipeline for Clearmind.

Why Psychedelics?

A researcher at heart, I was intrigued by the mounting evidencesupporting the “Psychedelic Renaissance,” particularly for the treatment ofmental health disorders, where existing therapies can be ineffective and areoften associated with adverse side effects.

The FDA seems receptive to the possibilities; they have easedrestrictions on research into psychedelic-based pharmaceuticals and theyrecently granted the first Breakthrough Therapy designation to twopsilocybin-based drugs for the treatment of Major Depressive Disorder.

Another promising indicator: several states have proposed or arecurrently preparing legislation permitting psilocybin use for medical purposes.

Our Mission

Clearmind’s mission is to leverage the properties of our compounds todevelop novel therapeutics that address prevalent mental health conditionswhich are under-treated or lacking effective treatments today, such asaddictions.

Our leading compound, MEAI, is designed to address AUD, binge drinkingand other binge behavior prevention, as well as addiction, conditions thataffect over 13 million people in the U.S. alone.

MEAI is a novel psychoactive aminoindane derivative that simulates theeuphoric alcohol-like experience while reducing the desire to consume alcohol.

Pre-clinicalstudy results were extremely favorable, demonstrating a high safety profile andpromising efficacy. We are now beginning the process of requesting anInvestigational New Drug (IND) review with the FDA. The first step is a pre-INDmeeting, after which an IND submission will be filed in preparation for phase Iclinical study in humans.

IP Portfolio

Intellectual Property is the primary asset of any pharmaceuticalcompany, and as such it is critical that we protect the proprietary nature ofour intellectual property, whether it is our compounds, formulations,indications, etc., as well as the investment of time and capital we have allmade in the Company. This is especially important now, as researchers and pharmaceuticalcompanies begin to recognize that the benefits and potential applications for psychedelictreatments represent a substantial market opportunity.  

The Clearmind IP Portfolio currently comprises two patent families; bingebehavior regulators which have been granted approval in the U.S., Europe,China, and India, as well as pending divisional applications in Europe and theUS. Our alcohol beverage substitute has been approved for a European patent,with pending applications in the US, China, and India.

We are seeking additional patents to expand not only our IP portfoliobut also our therapeutic solutions for underserved conditions.

Financial Summary

I am happy to report that Clearmind is financially sounder since theChange of Business listing. In addition to eliminating obligations related tothe previous business, we recently secured $6.2 million in private placement.The capital raised strengthens our balance sheet and provides us funding forour current R&D plan, and since the offering was a unit deal, the warrants,if exercised, present the possibility for additional future capital.

Looking Ahead

I believe psychedelic-based medicine has the potential to revolutionizethe way we treat mental health issues. Clearmind is committed to creatingeffective therapies that will better the lives of millions. Our management teamhas the expertise and passion necessary to achieve that objective, and we haveattracted a world-class Scientific Advisory Board to help us become a leader inthe field.  

I would like to thank you for your continued support along this journeyand look forward to sharing more good news with you soon.

Sincerely,

Adi Zuloff-Shani, PhD.

Chief Executive Office

If you would like more information on our recent progress, we invite youto read the listing documents posted on the Exchange website www.thecse.com.

Learn more at:

www.Clearmindmedicine.com

Investor Relations,

Email: invest@clearmindmedicine.com

Telephone: (778) 400-5347

General Inquiries,

Info@Clearmindmedicine.com

FORWARD-LOOKINGSTATEMENTS:

This news release may containforward-looking statements and information based on current expectations. Thesestatements should not be read as guarantees of future performance or results.Such statements involve known and unknown risks, uncertainties and other factorsthat may cause actual results, performance or achievements to be materiallydifferent from those implied by such statements. Such statements includesubmission of the relevant documentation within the required timeframe to thesatisfaction of the relevant regulators and raising sufficient financing tocomplete the Company’s business strategy. There is no certainty that any ofthese events will occur. Although such statements are based on management’sreasonable assumptions, there can be no assurance that such assumptions willprove to be correct. We assume no responsibility to update or revise them toreflect new events or circumstances.

Investing into early-stagecompanies inherently carries a high degree of risk and investment intosecurities of the Company shall be considered highly speculative.

This press release shall notconstitute an offer to sell or the solicitation of an offer to buy nor shallthere be any sale of the securities in any province in which such offer,solicitation or sale would be unlawful. The securities issued, or to be issued,under the Private Placement have not been, and will not be, registered underthe United States Securities Act of 1933, as amended, and may not be offered orsold in the United States absent registration or an applicable exemption fromregistration requirements.

Neither the CanadianSecurities Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the CSE) accepts responsibility for the adequacy oraccuracy of this release.

Not for distribution to U.S. newswire services or dissemination in theUnited States.

Clearmind Medicine Inc. Retains Edge Communications Group for Investor Relations and Announces Granting of Stock Options

Toronto, Ontario–(Newsfile Corp. – July 2, 2021) – Clearmind Medicine Inc. (CSE: CMND) (“Clearmind” or the “Company“), a psychedelic medicine biotech company focused on the discovery and development of novel psychedelic-derived therapeutics to solve widespread and under-served health problems, today announced that it has retained Edge Growth Holdings Corporation (“Edge Communications Group” or “Edge“) for strategic investor relations and capital markets communications services (the “Agreement“).

Clearmind CEO Gadi Levin stated, “We have been following Edge closely and have been consistently impressed by their innovation in the investor relations space. We feel that our company story will resonate particularly well with their target demographic, and we are excited to begin a professional relationship that we feel will benefit our shareholders.”

Edge is a team of capital markets communications professionals with a specific focus on engaging the millennial and gen z investor demographic. Edge will provide Clearmind a full spectrum communications strategy that combines traditional investor communications with new age platforms such as Instagram, TikTok, Discord & Reddit.

Under the terms of the Agreement, Clearmind will pay Edge Communications Group a monthly fee of CAD $10,000 for ongoing strategic communication services. In addition, Kevan Matheson will receive 100,000 stock options with an exercise price of $0.84 that vest after 4 months and have a term of two years. The Agreement is for an initial term of four months. At the time of this announcement, neither Edge Communications Group, nor any of its executives have an ownership interest, directly or indirectly, in Clearmind or its securities.

Additionally, the Company wishes to announce that in accordance with the terms of the Company’s stock option plan it has granted a total of 800,000 options (the “Options“), with an exercise price of $0.84, of which 600,000 options were issued to directors and officers and the remainder, 200,000 options, to consultants of the Company. The Options shall vest in twelve (12) equal quarterly installments over a 36-month period, with one twelfth of the Options vesting at the end of each quarter with the first vesting on October 1st, 2021.

http://edgecommunicationsgroup.com

About Clearmind Medicine Inc.

Clearmind is a psychedelic medicine biotech company focused on the discovery and development of novel psychedelic derived therapeutics to solve widespread and under-served health problems including alcohol use disorder. Its primary objective is to research and develop compounds derived from psychedelics and attempt to commercialize them as regulated medicines, foods or supplements.

The Company’s intellectual portfolio currently consists of two patent families, one for binge behavior regulators and the other for an alcoholic beverage substitute. Within these two families the Company has two U.S. patents, one European patent, and allowed applications in China and India and pending divisional applications in Europe and the US related to binge behavior regulators; and a European patent and pending applications in the US, China and India related to the alcohol beverage substitute family.

For further information, please contact:

Investor Relations Contact
Email: invest@clearmindmedicine.com
Telephone: (778) 400-5347
www.Clearmindmedicine.com

For other inquiries
Info@Clearmindmedicine.com

FORWARD-LOOKING STATEMENTS:

This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe to the satisfaction of the relevant regulators and raising sufficient financing to complete the Company’s business strategy. There is no certainty that any of these events will occur. Although such statements are based on management’s reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.

Investing into early stage companies inherently carries a high degree of risk and investment into securities of the Company shall be considered highly speculative.

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

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to U.S. newswire services or dissemination in the United States.

Cyntar Ventures Inc. Completes Change of Business Listing as it Shifts Focus to Psychoactive Pharmaceuticals for Underserved Health Issues Under the Name Clearmind Medicine Inc.

Initial Emphasis On The Development Of Treatments For Disorders Related To Alcohol Use

Toronto, Ontario–(Newsfile Corp. – May 25, 2021) –  Clearmind Medicine Inc. (CSE: CMND) (“Clearmind” or the “Company“), today announced it has completed all requirements of the Canadian Securities Exchange (the “CSE” or the “Exchange“) for a Change of Business (“COB“) listing. Formerly Cyntar Ventures Inc, the Company is shifting from a mineral resource exploration operation to the research and development of innovative psychedelic therapeutics.

The Company first announced the COB in September 2020, in conjunction with the acquisition of all rights, title, and interest in several patents and patent applications for treatment of alcohol abuse disorder and various other non-controlled binge behaviors by Ezekiel Golan, now the Company’s Chief Scientific Officer and a Director.

Mr. Golan commented on the announcement, “Psychedelics as a class of pharmaceuticals have the potential to provide transformational solutions for people suffering from a number of mental-health disorders, including depression, addiction and alcohol abuse. These conditions can be emotionally and financially devastating for patients, their families and society as a whole. I am excited to be a part of the Clearmind team and look forward to working together to bring novel therapies from the lab to the clinic and eventually to patients.”

There is growing evidence that the FDA is slowly easing restrictions on psychedelic pharmaceuticals. Although they have only recently approved the first cannabis-based pharmaceutical, there are currently more than 600 cannabis related clinical trials on file with the National Institutes of Health (NIH). In 2019, the FDA granted the first Breakthrough Therapy designation (an expedited process for drugs where preliminary clinical evidence demonstrated a substantial improvement over available therapies for serious or life-threatening diseases) to two psilocybin-based drugs for the treatment of Major Depressive Disorder, and the NIH lists 64 psilocybin-based studies.

According to the NIH, approximately 6% of the US adult population (over 13 million people) had Alcohol Use Disorder in 2018. The financial burden on the country is in excess of $250 billion annually. Worldwide, it’s estimated that 5% of all deaths – approximately 3 million people — are attributable to alcohol consumption.

Gadi Levin, Clearmind’s Chief Executive Officer concluded, “This listing is a significant milestone for the Company and our investors. The new name and structure facilitate management’s ability to pursue opportunities in the emerging psychedelic pharmaceutical sector. Our first priority will be furthering our research related to the treatment of Alcohol Use Disorder; longer term we will explore solutions for other underserved conditions.”

Update on Outstanding Securities

As previously announced on April 16 and April 22, 2021 the Company completed several private placements. The following table sets out the current issued and outstanding securities of Clearmind (on a fully diluted basis):

Security	Authorized	Outstanding
Common Shares (non-diluted basis)	Unlimited	29,225,000
Stock Options	10% of the issue and outstanding Common Shares	480,000
Warrants	7,500,000	7,500,000
Common Shares (fully diluted)	Unlimited	37,685,000

‍

Available Funds

As a result of its two most recent financings Clearmind has a working capital of approximately $1,500,000 and a 12-month budget for research and development of $480,000. After removing overhead charges, the Issuer has approximately $722,000 in unallocated funds.

About Clearmind Medicine Inc.

Clearmind is a psychedelic medicine biotech company focused on the discovery and development of novel psychedelic derived therapeutics to solve widespread and under-served health problems including alcohol use disorder. Its primary objective is to research and develop compounds derived from psychedelics and attempt to commercialize them as regulated medicines, foods or supplements.

The Company’s intellectual portfolio currently consists of two patent families, one for binge behavior regulators and the other for an alcoholic beverage substitute. Within these two families the Company has two U.S. patents, one European patent, and allowed applications in China and India and pending divisional applications in Europe and the US related to binge behavior regulators; and a European patent and pending applications in the US, China and India related to the alcohol beverage substitute family.

The Listing Statement, which includes the change of the Company name from Cyntar Ventures Inc. to Clearmind Medicine Inc., has been posted on the CSE website www.thecse.com.

Shares of Clearmind are listed for trading on the Canadian Securities Exchange under the symbol “CMND” and will commence trading on May 26, 2021.

About Ezekel Golan

Mr. Golan is a multidisciplinary inventor in the fields of mycology, genetics, pharmacology, and behavioral neuroscience. He is the registered inventor of dozens of granted patents in these fields. Mr. Golan has been working in the pharmaceutical industry since 2002, in both scientific and management positions. In 2014 New Scientist Magazine called him “arguably the world’s most productive discoverer of designer drugs”.

For further information, please contact:
Info@Clearmindmedicine.com

FORWARD-LOOKING STATEMENTS:

This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe to the satisfaction of the relevant regulators, and raising sufficient financing to complete the Company’s business strategy. There is no certainty that any of these events will occur. Although such statements are based on management’s reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.

Investing into early stage companies, inherently carries a high degree of risk and investment into securities of the Company shall be considered highly speculative.

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

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.