Novamind shareholders will hold 18% ownership in the combined company. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, ON / ACCESSWIRE / Janu/Novamind Inc. The deal implies an offer price of 44 cents per Novamind share, a premium of 51% to Novamind's 20-day volume-weighted average price on the Canadian Securities Exchange as of April 8. The gross proceeds of the Financing are held in escrow with an escrow agent. Each Subscription Receipt will entitle the holder to receive one common share of the Resulting Issuer.

Any failure to comply with this restriction may constitute a violation of U.S. In connection with the Financing, Novamind issued 10,000,000 subscription receipts ( Subscription Receipts ) at a price of CAD1.00 per Subscription Receipt.

Novamind shareholders will receive 0.84 of a common share of Numinus for each Novamind share held. Newswire Services or for dissemination in the&xA0 United States. Numinus CEO Payton Nyquvest said the two companies have been aware of each other for a long time and decided to combine to accelerate growth. After the deal closes, Numinus Wellness will operate 13 wellness clinics, including eight in the U.S., with about C$10 million ($8 million) in annual revenue based on projects from the last four quarters. Any failure to comply with this restriction may constitute a violation of U.S. Newswire Services or for dissemination in the United States. To create a leading psychedelic-assisted wellness company. Novamind Signs Definitive Agreement to Acquire Arizona-based Clinics DecemNot for distribution to U.S.

Novamind’s strategic partner, Bienstar Wellness Corp., signed a letter of intent to acquire BRC Saude Mental E Terapias Assistidas Ltda.Said Wednesday it'll pay about C$26.2 million ($21 million) in stock to buy Novamind Inc.

Launched Groups by Novamind, an expansion of the Company’s clinical care model focused on increasing patient access to mental health treatments.

Opened the Company’s eighth integrative psychiatry clinic, located in Phoenix, Arizona.

Closed the acquisition of Arizona-based Foundations for Change, Inc., a mental health practice specialized in ketamine-assisted psychotherapy.

With the anticipated shareholder approval of the acquisition of Novamind by Numinus in June, the Company is well-positioned to continue this record growth in pursuit of its mission to responsibly reintroduce psychedelic therapy to mental healthcare.” For more information on how Novamind is enhancing mental wellness and guiding people through their entire healing journey, visit novamind.ca. Growth was driven by our recent expansion to Arizona in addition to the continued progress of our Utah operations. Novamind CEO, Yaron Conforti, commented, “Once again, we’re pleased to report record-high revenue this quarter. It also closed a $5,000,000 private placement with an institutional investor. Novamind said it had total working capital of $3,928,642 to fund operations. Numinus Wellness will be buying Novamind in an all-share transaction. The company had a net loss of $2.4 million. Under the terms of the Agreement, shareholders of Novamind (Novamind Shareholders) will receive 0.84 of a common share of Numinus (the Exchange Ratio) for each Novamind share held, implying an offer price of 0.44 per Novamind Share. Novamind reported total revenue of $3,227,352, an increase of 32% over the previous quarter. (CSE: NM)(OTCQB: NVMDF) reported its financial results for the fiscal third quarter ending March 31, 2022.

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