Numinus Expands Exploration Abilities with new Phoenix Clinical Exploration Web-site

The Phoenix Site is Numinus’ 3rd Investigation Facility in the US

VANCOUVER, BC, Feb. 17, 2023 /CNW/ – Numinus Wellness Inc. (“Numinus”) (TSX: NUMI) (OTCQX: NUMIF), a mental health and fitness care firm advancing revolutionary solutions and safe and sound, proof-primarily based psychedelic-assisted therapies, now declared that it has expanded its scientific research capabilities into Arizona. The web-site, located in Phoenix exactly where Numinus operates mental health and fitness clinics, is Numinus’ third clinical trial study website in the US, and fifth exploration site in general. It will offer you scientific analysis administration expert services, concentrated on advancing psychedelic science by Cedar Scientific Investigation (CCR).

“By increasing into Phoenix, we can scale our scientific investigate abilities, making it possible for us to supply our existing customers speedier expert services and an expanded community of individuals, when welcoming a rising checklist of biotech and psychedelic companies,” claims Paul Thielking, Main Study Officer, Numinus. “The website is completely staffed – drawing on our clinic-base of renowned scientists and practitioners, so we can start out operations as soon as attainable.”

The new website is found within just an existing leased facility, subsequent to a single of Numinus’ founded wellness clinics, to absolutely make use of out there scientific space. The first clinical trial functioning out of the new site will get started in early March with a Internet site Inspection Check out just before starting the recruitment section later on that thirty day period.

“The addition of this new clinical investigate site further more cements Numinus as a person of the main investigate platforms for the sector’s businesses and establishments who sponsor scientific trials in the psychological well being and psychedelic room, allowing them to leverage our intensive means and management presenting,” suggests Payton Nyquvest, CEO and Founder, Numinus. “Finally, this allows Numinus to assist the developing physique of exploration in the mental well being and psychedelic room as we all perform to the intention of much more indication-primarily based proof and basic safety info.”

In Numinus’ most new noted quarter (for the three months finished November 30, 2022), CCR managed 14 medical trials for 3rd-occasion biotech and psychedelics sector firms, which provided 191 scientific trial members.

In addition to Numinus’ 5 medical analysis web sites, Numinus also operates a Wellness Canada-certified lab which develops proprietary mental property and focuses on advancing psychedelic discoveries.

About Numinus
Numinus Wellness (TSX: NUMI OTCQX: NUMIF) aids people today to recover and be nicely by the development and supply of impressive psychological health care and entry to harmless, proof-based psychedelic-assisted therapies. The Numinus product – like psychedelic output, analysis and clinic care – is at the forefront of a transformation aimed at therapeutic instead than managing symptoms for despair, anxiety, trauma, suffering and material use. At Numinus, we are main the integration of psychedelic-assisted therapies into mainstream medical practice and making the basis for a much healthier culture.

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Ahead-searching statements
This push release has ahead-on the lookout statements in the meaning of relevant securities legal guidelines. All statements that are not historic details, like without having limitation, statements relating to foreseeable future estimates, options, packages, forecasts, projections, objectives, assumptions, expectations or beliefs regarding long term general performance are “forward-seeking statements”. Forward-on the lookout statements can be determined by the use of text this sort of as “expects”, “does not count on”, “is anticipated”, , “intends”, “anticipates”, “does not anticipate”, “believes” or variants of these phrases, expressions or statements, that particular steps, functions or results “may”, “could”, “would”, “may possibly” or “will be” taken, will manifest or will be understood. Such forward-searching statements contain pitfalls, uncertainties and other recognized and unfamiliar things that could bring about real outcomes, events or developments to vary materially from the results, gatherings or developments anticipated and expressed or implied in these types of forward-looking statements. These hazards and uncertainties include things like, but are not limited to, capacity of the new Arizona facility or CCR to attract clientele, achieve revenues or profitability, ability of its Wellness Canada permitted lab to produce practical intellectual assets, to commercialize that intellectual property or to attain revenues or profits thereon, dependence on getting and protecting regulatory approvals, like the acquisition and renewal of federal, provincial, municipal, regional or other licenses, and any lack of ability to acquire all vital federal government authorizations, licenses and permits to work and grow Numinus’ facilities regulatory or policy variations this kind of as adjustments in applicable guidelines and regulations, together with federal and provincial legalization, owing to fluctuations in community viewpoint, market notion of integrative mental well being, which include the use of psychedelic-assisted remedy, delays or inefficiencies or any other reason any other factor or progress most likely to hamper the growth of the market Numinus’ constrained working and profitability track record dependence on management Numinus’ will need for added funding and the results of fiscal sector situations and other elements on the availability of capital competition, including that of far more established and greater funded competitors the continued impression of the COVID-19 pandemic the will need to develop and manage alliances and partnerships, which include with exploration and progress providers, shoppers and suppliers and other Threat Components disclosed in Numinus’ general public filings offered on the SEDAR web site at These variables ought to be very carefully considered, and viewers are cautioned not to place undue reliance on ahead-hunting statements. Despite Numinus’ endeavours to establish the principal possibility elements that could lead to genuine measures, occasions or results to differ materially from individuals explained in ahead-hunting statements, other possibility components may possibly cause measures, functions or developments to materially differ from those predicted, estimated or intended. There can be no assurance that forward-wanting statements will verify to be correct, as precise success and long run gatherings could differ materially from all those anticipated in forward-hunting statements. Except as necessary by applicable securities legal guidelines, forward-looking statements converse only as of the day on which they are made (or these types of before day, if discovered) and Numinus does not undertake to revise forward-looking statements, even if new data results in being obtainable as a consequence of long run events, new details or any other cause, other than as necessary by applicable rules.


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