When Canada legalized a certain controversial mental health treatment, many people were shocked12...
It could get rid of antidepressants.
It could eliminate the need for traditional therapy.
There may no longer be months of "talking about your feelings" with a counsellor.
What's REALLY great is you could relieve depression with 4 TIMES more efficacy than old-school medication.3
It's safer, cheaper, and has fewer intense side effects.
Many veterans in case studies have quickly gotten over PTSD with this exact method.45
And one recent success story is Eric Bjarnason, a retired fireman, who described how he "purged" himself of depression after only one session.6
Given this treatment is filling the big mental health gap left by Big Pharma, it’s obvious why it's estimated to be…
"A New $100 Billion Market!”7
What’s this breakthrough the Canadian government is backing?
Surprisingly, it’s the use of hallucinogens in therapy.
Yes, we’re talking about "medications" like magic mushrooms (psilocybin), acid, and hallucinogens —
The kind people usually associate with “hippies” and party animals.
But with hallucinogens now proven by science to be the next Holy Grail in mental health…
… there has been a strong legal push to incorporate them into clinical settings, especially in Canada and the U.S. states of New York and California.89
And taking center stage in this $100 billion revolution is a biotech company called Numinus Wellness Inc. (TSX:NUMI).
It’s the first publicly-traded company to receive a license from Health Canada for the cultivation and research of psilocybin mushrooms, with…
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- 5 approved treatment clinic (1 in Vancouver, 1 in Toronto, 3 in Montreal, and likely 6 more to open in 2022)
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- 2 research facilities staffed with scientists, doctors, and other health professionals
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- Plans to expand into the U.S.
Turns out, there's truth in street-claims about hallucinogens' healing power after all…
Why Numinus Wellness Inc. (TSX:NUMI). Could Be The Next “Biotech Behemoth” With Significant Potential!
If you're skeptical about the idea of hallucinogens, then get this:
There's a giant non-profit called Multidisciplinary Association For Hallucinogenics Studies (MAPS).
It was founded in 1986 to discover MJJ's and hallucinogens' medical benefits, and it has raised over $130 million for their research and education!10
As you may know, organizations like this have been responsible for the legal progression of cannabis for decades.
Obviously, MMJ stocks are now beyond speculation, as many of them are heading for the moon.
And investors who thought "substances can never be legal or medicine" are now left behind.
History Could Be About To Repeat Itself With Hallucinogenics
…given MAPS, one of the most prominent organizations in the space, beginning to sponsor one of Numinus Wellness’s clinical trials on January 19th, 2022.11The result is the company can now – besides psilocybin – enroll people in molly-assisted psychotherapy for PTSD, which is unprecedented!
But saying that mind-altering medicine stocks will be as big as cannabis undermines the potential of this "mental health revolution." -- take a look at this quote from CNBC:
Yes, even “Mr. Wonderful,” the highly-picky investor, thinks hallucinogens are bigger than the cannabis wave that came before, which is why he invested in MindMed and Compass Pathways13, two other hallucinogenic companies...
... and why PayPal billionaire Peter Thiel backed ATAI Life sciences, a similar firm.14
Clearly, investors are willing to put their hard-earned cash into this promising field.
And the good news is that putting Numinus on your watchlist could be equally profitable as when Kevin O'Leary and Peter Thiel invested in other mind-altering medicine companies.
It’s because Numinus Wellness Inc. (TSX:NUMI) has a strong scientific background, relationships with regulators, treatment services, and state-of-the-art labs for research and testing, which have helped the company record a 245% year-over-year revenue growth as of Q1 of 2022!15
So, it makes sense to hold this undervalued stock than its peers' before the word spreads. Here’s why more investors could be attracted to Numinus:
Unique Two-Pronged Business Strategy
Already, Numinus Wellness Inc. (TSX:NUMI) has paved the way for the hallucinogenics industry through several significant firsts thanks to its powerful, multi-pronged business strategy that includes:
1. NUMINUS BIOSCIENCE:
It is the first public company to complete a legal harvest of psilocybe mushrooms (or ‘magic mushrooms’) and is among the first licensed to handle a variety of hallucinogenic substances such as acid, mescaline, N,N-Dimethyltryptamine, N-Methyl-3,4, methylenedioxyamphetamine (molly), psilocin, and psilocybin.
Numinus Wellness Inc. (TSX:NUMI) received amendments on March 4, 2021, that bolstered its federal license, allowing the company to possess, formulate, produce, assemble, sell, import-export, deliver and distribute hallucinogenics.16
These new license amendments not only place the company at the forefront of global hallucinogenics research, but it also establishes Numinus’s supplier status for mushroom spores and tissue culture to other licensed dealers, as well as doubled the company’s admissible psilocybin production to 1 kilogram.
On March 9, 2021, The Numinus Wellness Inc. (TSX:NUMI) announced plans on March 9 to expand its existing hallucinogenics research laboratory by 7,500 square feet.
This includes equipping the lab with $1.2 million worth of next-generation analytical equipment such as the Orbitrap Exploris 120 Mass Spectrometer, a high-resolution mass spectrometry instrument.
Numinus Wellness (TSX:NUMI) has continued to see positive results from its Health Canada licensed laboratory, and is making huge strides already in 2022.
On January 14th, 2022, the company applied to Health Canada for a Phase 1 study, called HOPE, on a naturally derived Psilocybe extract formulation, NBIO-01.17
This is significant because, by creating a "mushroom extract" that is shelf–stable, has proven bioavailability, and can be packaged easily, Numinus Wellness Inc. (TSX:NUMI) can likely expand the scalability of its treatment clinics, and advance its product development pipeline so it can eventually reach mass retailers.
Imagine the first generation of commercial mushrooms on shelves everywhere, just like you see packaged cannabis of all types in stores in Canada and American states where it is legal.
Numinus has made notable progress in treating PTSD through compassionate access trials for hallucinogenics-assisted therapy as well as in advancing a compassionate access trial for Psilocybin-Research Intervention with Motivational Enhancement (PRIME) to treat substance use disorders.
The hallucinogenics-assisted therapy for PTSD, which is in collaboration with MAPS, is the first of its kind in Canada.
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MAPS is the leading developer of molly-assisted therapy training programs, treatment protocols, and research. When Health Canada approved the MAPS-sponsored open-label safety study evaluating molly-assisted therapy for PTSD, it gave both companies a huge boost.18
MAPS founder Rick Doblin speculates that hallucinogenics and hallucinogenic-assisted therapies will penetrate mainstream culture by 2070,19 but with the progress MAPS is making now, and getting a “No Objection” letter from Health Canada, it seems like that timeline needs to be pushed up.
MAPS leads the pack of non-profits in the hallucinogenic space, and it has a clear R&D strategy to make it happen.
In February 2021, the company advanced the trial and transitioned into the pre-implementation stage at Numinus’s Vancouver clinic after completing several milestones, including the recruitment of top-notch therapists, physicians, and staff in preparation for participant enrolment and the ultimate analysis of therapy outcomes.20
Numinus (TSX:NUMI) has also made serious headway in its single-arm, open-label compassionate access trial of PRIME for substance use disorders, which is in collaboration with Syreon. The PRIME study, which is currently in the development stage, will assess the efficacy and safety of psilocybin-assisted motivational enhancement therapy.
2. NUMINUS HEALTH:
Having started with a clinic in Vancouver and expanded with Mindspace, Numinus Wellness Inc. (TSX:NUMI) now offers virtual and in-person treatments in 5 clinics across Canada.
Practitioners at Numinus’s Quebec-based clinic currently offer hallucinogenics-assisted psychotherapy, which can be prescribed to address treatment-resistant depression.
Meanwhile, the company’s Vancouver clinic is conducting two compassionate trials that are open to all Canadians:
- Hallucinogenics-assisted psychotherapy for PTSD, in collaboration with hallucinogenic research and advocacy pioneer MAPS (Multidisciplinary Association for Hallucinogenic Studies)
- Psilocybin-assisted psychotherapy for substance use disorders
Press Releases
- Numinus Announces the Music as Medicine Event Series
- Numinus Completes First MDMA Administration in PTSD Trial Sponsored by MAPS
- Numinus to Participate in Maxim's 2022 Virtual Growth Conference on March 28-30, 2022
- Numinus Expands Natural Psychedelic Research with New Biosecurity License
- Numinus Adds Ayahuasca & San Pedro to Federal License for Psychedelic Research
Strong Financial Backing
Numinus Wellness (TSX:NUMI) went public in 2020 after raising an initial $10 million with institutional support from Canaccord Genuity and Eight Capital.
After listing on the TSX-Venture exchange, Numinus Wellness ended 2020 with oversubscribed financing, raising an additional $17 million.
But that’s not all – on March 19, 2021, the company closed a $40 million bought deal financing, pushing the total treasury balance up to nearly $65 million!21
With its two revenue streams, it is obvious why the company ended Q1 2022 with a strong cash position of $53.9 million while clocking in 245% revenue growth year-over-year!22
And it’s little wonder why Numinus (TSX:NUMI) was the Horizons [Hallucinogenics] Stock Index ETF’s (PSYK) top-weighted holding at 9.89% on January 27, 2021, the date of the ETF’s debut launch.23
Why Numinus Wellness Inc. (TSX:NUMI) (OTCQX:NUMIF) is THE Mind-Altering Medicine Stock to Watch in 2022
Favorable Regulatory Landscape – The popularity of hallucinogenics is soaring. Both the Canadian and US governments are changing laws and regulations regarding their use. Hallucinogens have already been decriminalized in US cities like Denver, Oakland, Santa Cruz, and Somerville, while psilocybin has been legalized in Oregon for therapeutic purposes. Canada is also well on its way to decriminalizing.
Healthcare is Failing Those With Mental Illness – Current statistics say 971 million people worldwide suffer from mental disorders. In Canada, one out of two Canadians is affected by mental health issues by 40. Hallucinogens have shown great promise in treating mental disorders.
Massive New Market Opportunity is Being Created – With the addressable market for mental health now surpassing $100 billion, hallucinogens have the opportunity to create a new solution to a growing global problem. In other words, the profit potential for hallucinogenics is huge!
The Company Has First Mover Advantage – Numinus Wellness (TSX:NUMI) is the first public company in Canada to receive a license to produce and extract psilocybin from mushrooms! The company also possesses a dealer's license from Health Canada to possess, produce, assemble, sell, import, export, deliver, and distribute acid, hallucinogenics, molly, psilocybin, psilocin, N,N-Dimethyltryptamine, and mescaline.
It Has Strong Leadership & R&D Teams – Numinus Wellness Inc. (TSX:NUMI) is led by scientific, medical, and business leaders with expertise in international healthcare research, policy reform, regulatory affairs, capital markets, technology, and government relations. With their extensive market knowledge, they can avoid potential landmines and find the best route to success.
The Company Has Gotten Off to a Great Start – Numinus Wellness Inc. (TSX:NUMI) is already generating revenue, and it is the first public company to complete a legal harvest of psilocybe mushrooms. It now has plans to develop its own psilocybin products later this year!
All of these reasons and more are why institutional money is starting to get behind Numinus.
Numinus Wellness Inc.’s (TSX:NUMI) strong financial position, its future development plans, and expected updates from federal governments concerning the legal status and availability of psychoactive treatments all point to Numinus receiving even more positive attention in the future.
Another Factor in Numinus’s Favor – the Increased Attention Being Paid to Mental Health & Substance Abuse
The recent global lockdown brought more attention to mental health and substance abuse, which is not going away once the crisis ends.
Truth is, mental illness has reached crisis proportions and hallucinogens are emerging as a new category of medicine that shows promise.
That’s why governments are easing restrictions and allowing for compassionate use in cases like Numinus Wellness Inc.’s (TSX:NUMI) clinical trials (more on them later).
Plus, there's growing support from scientists who are studying this new class of medicines.
A first of its kind research center at Imperial College in London has been studying how medicines such as acid, psilocybin, N,N-Dimethyltryptamine, and molly impact the brain, and how they may be useful in treating disorders like depression.
As yet another example of the growing interest in hallucinogens, the John Hopkins School of Medicine opened a Center for Hallucinogenic and Consciousness Research in Baltimore in 2019 .
It is studying psilocybin as a treatment for Alzheimer’s disease, PTSD, smoking, anorexia, and depression.
Studies also are planned for substance abuse and post-treatment of Lyme disease. With $17 million in funding from private donors, the facility is the first research center of its kind in the US, and the largest such center in the world.
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Not to be left out, Numinus Wellness Inc. (TSX:NUMI) is also taking a lead role in mental health treatment.
The company is already operating 4 clinics in Vancouver and Montreal and after striking a deal to acquire the Neurology Centre of Toronto (NCT), Numinus plans to create the first centre for excellence in psychoactive neurology. NCT, which is already a fully operational neurology centre with 13 doctors, 8 allied health staff, nurse practitioners and physician assistants, boasted gross revenues of $1 million in 2020.28
Numinus Wellness Inc. (TSX:NUMI) also recently acquired Mindspace - a full-service well-being company that began as psychology clinic with an evidence-based approach to mental health.
Mindspace boasts primarily PhD-level psychotherapists, while delivering therapy both in-person and virtually.
With these developments, Numinus Wellness Inc. (TSX:NUMI) can now offer a full range of therapies. Among them are psilocybin-assisted psychotherapy and compassionate access trials for psilocybin and molly.
Pending approval of the regulatory change, Numinus also intends to support practitioners through Special Access to hallucinogenic-assisted therapies for patients with potentially life-threatening conditions.
Clinics are a critical component of Numinus Wellness' multi-pronged business strategy, as they allow the company to interact directly with clients and build brand awareness. Meanwhile, Numinus continues to innovate, research, and develop new emerging science for the industry.
Currently, Numinus Wellness Inc. (TSX:NUMI) is undertaking two compassionate access clinical trials for both psilocybin and molly, the first of their kind in Canada.
The psilocybin trial, for example, is an open-label clinical trial evaluating and refining best practices for psilocybin-assisted psychotherapy for people with opioid, alcohol, and stimulant addictions.
It’s truly an enormous marketplace, and Numinus Wellness (TSX:NUMI) has a first-mover advantage thanks to its ability to cultivate and harvest directly, and then develop new formulas for products in clinical trials.
Not only can Numinus create new innovative products, but by having its dealer’s license, the company also has the ability to import, export, possess, test, and distribute molly, psilocybin, psilocin, and N,N-Dimethyltryptamine.
It’s a massive opportunity, and Numinus Wellness Inc. (TSX:NUMI) is the ideal candidate for major medical companies to form partnerships, hire contract research services, or engage in analytical testing services. The company’s diverse, multidisciplinary approach puts Numinus front and center with its unique offerings.
Two more things giving Numinus Wellness Inc. (TSX:NUMI) a market advantage are:
1. Its location in Canada
As part of the Canadian Government's progressive stance on psilocybin and other hallucinogenics used as therapeutics, Canadian companies like Numinus Wellness Inc. (TSX:NUMI) are at the forefront of this new treatment approach.
2. Its Knowledgeable Leadership Team
Numinus Wellness Inc.’s (TSX:NUMI) team consists of a terrific blend of acclaimed scientists, mental health experts, and successful entrepreneurs.
Team members include:
Prolific Investors Entering the Market - Peter Thiel, the founder of Paypal and Palantir, has invested in hallucinogenics, along with Kevin O’Leary and Bruce Linton.
Regulatory Changes Happening Fast – Just like what happened with MMJ in its infancy, hallucinogenics are gaining momentum as the regulatory policies begin to adapt to the evolving landscape. Canada recently closed its 60-day public commentary period regarding psilocybin and molly, and their statements are imminent.
Multiple Revenue Streams - Numinus has a multi-pronged profit strategy that encompasses two different market segments and provides the company with a diversified and synergistic approach to success.
Health Canada-Licensed Lab – It’s the first public company with a license to cultivate and harvest psilocybin for research and development. Future products are planned.
Strong Financial Footing – It has approximately $65 million in cash in the bank to execute its business milestones.
Huge Potential Upside – Numinus has a low market capitalization relative to the total addressable market value ($100 billion). The company was valued at US$97.3 million on February 1, 2022.
Seasoned Management & R&D Team – The company has a medical team with over 500+ peer-reviewed publications and a management team with a strong capital markets IQ.
Top ETF Holding - Horizons [Hallucinogenic] Stock Index ETF (PSYK), the first Hallucinogenic ETF, listed Numinus Wellness Inc. (TSX:NUMI) as its largest holding at 9.89% on the date of the ETF’s launch on January 27, 2021.
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