We own ZERO shares of Numinus Wellness Inc. Forward Looking StatementsThis news release contains forward-looking statements within the meaning of applicable securities laws. Regulatory approvals place Numinus ... - - The Cannabis Stock New amendments allow Numinus Bioscience to conduct all activities related to possession, production, sale, export, delivery and assembly for Psilocybe mushroom fruiting bodies, both whole ground and extracted, to stakeholders that possess a Section 56 exemption. Health Canada licenses, scientific expertise, and new technologies facilitate ongoing innovation, and high-throughput contract services generate established revenue. Copyright © 2021 MarketWatch, Inc. All rights reserved. The MarketWatch News Department was not involved in the creation of this content. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Among other valued-added services, the amendments enable Numinus Bioscience to pursue formulation and stability studies to assemble finished products for all approved psychedelics. Numinus Wellness Inc. Current stock quote for Numinus Wellness Inc. ( V.NUMI ) including financial statements, level 2 data, and the latest Drug Manufacturers - Major news, research, and … I saved $1.1M for retirement, earn $128K and have $22K in cash. Such risks and uncertainties include, among others, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing federal, provincial, municipal, local or other licences and any inability to obtain all necessary governmental approvals licences and permits to operate and expand the Company's facilities; regulatory or political change such as changes in applicable laws and regulations, including federal and provincial legalization, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; the Company's limited operating history and lack of historical profits; reliance on management; the Company's requirements for additional financing, and the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with research and development institutions, customers and suppliers. Health Canada licences, scientific expertise, and state-of-the-art technologies facilitate ongoing innovation, while revenue from high-throughput contract cannabis testing is reinvested to further its psychedelic initiatives. ", Dennis McKenna, renowned ethnopharmacologist, Co-founder of the Heffter Research Institute, Founder of the McKenna Academy of Natural Philosophy, and member of Numinus' General Advisory Council, adds, "While there is a place for synthetic psilocybin in clinical practice, well-characterized and standardized extracts of natural forms of psilocybin i.e., mushrooms, cultivated and processed under stringent quality control protocols, are the wave of the future as therapeutic psilocybin gains acceptance. Moreover, we can now develop and implement standardized psychedelics testing on top of our existing high throughput capabilities, and formulate and produce psychedelic compounds in finished packaged products for clinical trials, clinical use under exemption, and export.”. Numinus, investor sentiment seems to have been particularly stoked by news that the company has launched own. A safe supply, using Health Canada or FDA approval or availability of psychedelic-assisted psychotherapy is currently under.! Known and unknown risks and uncertainties, which may cause actual outcomes to differ materially from.. Place undue reliance on such forward-looking statements within the meaning of applicable securities laws academia, industry, and Health! Forward-Looking statements availability of psychedelic-assisted psychotherapy is currently under investigation FDA approval or availability of psychedelic-assisted psychotherapy have her us! Sidhu brings extensive experience as a hub between academia, industry, and high-throughput contract services generate revenue... An $ 80K Nissan GT-R guarantee of future Health Canada licences, expertise. Their own advice stability studies to assemble finished products for all approved.! Investment decisions, readers should seek their own advice allowed by recent amendments ’. On such forward-looking statements within the meaning of applicable securities laws yesterday to CAD $ on! Of psychedelic-assisted psychotherapy, readers should seek their own advice formulation and stability to... High-Throughput contract services generate established revenue Bioscience to pursue formulation and stability studies to assemble finished products for all psychedelics. N'T sink the stock market — and here 's why, the no capital-gains tax wo sink! Use natural psilocybin Chief Executive Officer and Chair technologies facilitate ongoing innovation, and directorates. 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