An undisclosed buyer agreed to acquire Canadian clinical operations from Numinus Wellness Inc. (TSX:NUMI) on April 15, 2024. As previously announced on January 15, 2024, Numinus has conducted a strategic review process working with Stifel Nicolaus Canada Inc. as its sole financial and strategic advisor. Numinus further announces that its annual general meeting of shareholders will take place on May 31, 2024, at 9:00am Pacific time.

The Canadian Reorganization is a strategic shift for Numinus and will allow it to focus on its clinical operations in the United States. Numinus has entered into a non-binding letter of intent with a Canadian Centre for Psychedelic Healing ("CCPH") with respect to a component of the Canadian Reorganization, and is actively working to settle definitive terms. CCPH currently operates seven clinics across Canada under the "Field Trip" brand, each of which offer psychedelic assisted therapy. Numinus affirms that any decision by management to complete the Canadian Reorganization will take into account the needs of Numinus patients and employees as well as maximizing benefits of Numinus' stakeholders.