Numinus Wellness Inc. Announces $6 Million Bought Deal Public Offering with Leads Orders from MAPS and Integrated V.C.

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VANCOUVER, British Columbia, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Numinus Wellness Inc. ("Numinus" or the "Company") (TSX: NUMI), a mental health care company advancing traditional and innovative behavioral health treatments with a focus on safe, evidence-based psychedelic-assisted therapies, today announced that it has entered into an agreement (the “Engagement Agreement”) with Eight Capital under which Eight Capital, on behalf of a syndicate of underwriters including Stifel GMP, as co-lead underwriter and joint bookrunner, has agreed to purchase, on a bought deal basis (subject to the terms of the Engagement Agreement), an aggregate of 50,000,000 units (the "Units") at a price of $0.12 per Unit (the "Offering Price") for aggregate gross proceeds to the Company of $6,000,000 (the "Offering"). The Offering will be made pursuant to the filing of a prospectus supplement (the “Supplement”) to the Company’s short form base shelf prospectus dated June 27, 2023 (the “Prospectus”).

In connection with the Offering, Numinus has secured a lead order from Integrated V.C., a venture fund partnering with value-aligned companies and entrepreneurs that are transforming the health and well-being of communities around the globe, and additional participation by the Multidisciplinary Association for Psychedelic Studies (“MAPS”), a non-profit organization specializing in research and education so people can benefit from the careful use of psychedelics and marijuana for mental health, well-being, and connection.

“As we continue to build out our comprehensive offering to address the pressing challenges of mental health in our communities, this financing provides important resources to help us achieve our goals,” said Payton Nyquvest, Numinus Founder and CEO. “The participation of seasoned healthcare investors and a leading mental health research organization focused on psychedelics is a validation of the work we are doing and our cost containment success.”

“In light of the global renaissance in psychedelic drug development research, MAPS is enthused to support Numinus with their clinical work and the crucial training of therapists, including experiential training where therapists volunteer to receive psychedelics themselves in a therapeutic setting as part of a clinical trial. For more than half a century, therapists have expressed a desire to have the opportunity for their own psychedelic experiences as part of their training to feel better prepared to use these medicines to treat their patients. Given the potential demand for novel psychedelic-assisted therapy treatments, there will be a critical need for trained professionals to administer care. We see Numinus as playing a critical role in ensuring that therapists have the option to volunteer for experiential training to become fully trained on the latest medicines and their therapeutic methodologies,” said Rick Doblin, Ph.D., the Founder and President of MAPS.