Connect with us

Hi, what are you looking for?

Monday, May 16, 2022
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Business

Numinus uplists to OTCQX Best Market

Stock will start trading at market open Thursday under the symbol NUMIF

Photo via Numinus Wellness Inc.

Psychedelics company Numinus Wellness Inc. (TSX: NUMI) (OTCQX: NUMIF) is starting to trade on the OTCQX Best Market, expanding its visibility and accessibility to American investors.

Numinus shares will start trading on the exchange at market open on Thursday under the symbol NUMIF. Previously, the firm traded on the OTC Pink market, which is the most speculative tier of over-the-counter exchanges.

To qualify for OTCQX Best, companies have to meet higher financial standards and follow best practices in corporate governance, as well as demonstrate compliance with security laws.

“As we grow our network of Numinus Health wellness clinics to include locations in the U.S. — and build a stronger brand presence in this important market — we will also look to establish an even greater profile with the U.S. investment community,” CEO Payton Nyquvest said in a statement.

Read more: Numinus ups revenue 61% thanks to psychedelic-focused therapy programs

Read more: Numinus submits novel psilocybe formulation for clinical trial

In December, the company started trading on the Toronto Stock Exchange.

Numinus develops and delivers mental health care using psychedelic-assisted therapy. The company has recently acquired mindfulness training Mindspace Psychology Services Inc., and the Neurology Centre of Toronto, which offers ketamine-assisted psychotherapy.

In October, the company revealed it had finalized a study design and protocol for a proprietary naturally derived psilocybin extract called NBIO-01. Numinus has also started genetic testing on newly acquired psychedelic mushroom species.

Through amendments to Canada’s Special Access Program, Numinus is listed as a supplier of psilocybin for qualifying patients with severe illnesses.

 

Follow Mugglehead on Twitter

Like Mugglehead on Facebook

Follow Natalia Buendia Calvillo on Twitter

natalia@mugglehead.com

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like

Health and Safety

Science doesn't know yet, but one psychedelic researcher is chasing clues to see if it can

Canada

As more medium-to-small producers came into play this year, great weed started hitting legal shelves at fairer prices

Culture

Punishments for possession include caning and the death penalty. Despite a global trend of reform, The Fine City remains staunch in its anti-drug stance

Analysis

While legal weed businesses decry enforcement of their accounts, the platform says it's keeping its all-ages community safe