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Optimi Health Corp. (OPTI.CN)

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Previous Close0.7500
Open0.7400
Bid0.7200 x N/A
Ask0.7400 x N/A
Day's Range0.7200 - 0.7400
52 Week Range0.6200 - 1.1000
Volume46,585
Avg. Volume808,976
Market CapN/A
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.0370
Earnings DateN/A
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  • Optimi Health Partnership with Numinus Wellness Provides Update on First All-Natural Psilocybin Protocol
    GlobeNewswire

    Optimi Health Partnership with Numinus Wellness Provides Update on First All-Natural Psilocybin Protocol

    --R&D Program Developing 100% Optimi-Owned Psychedelic Capsule for Human Clinical Trial Dosing StudyVANCOUVER, British Columbia, May 04, 2021 (GLOBE NEWSWIRE) -- Optimi Health Corp. (CSE: OPTI) (OTC: OPTHF) (FRA: 8BN) (“Optimi” or the “Company”), developers of a vertically integrated functional mushroom brand focused on the health and wellness sector, is pleased to announce that its previously announced lab services agreement with Numinus Wellness Inc. ("Numinus") (TSXV: NUMI) is progressing forward with an initial candidate for clinical trials, subject to Health Canada approvals. Recognized as a global leader in supporting and expanding the safe, accessible, and evidence-based use of psychedelic-assisted psychotherapies (PAP), Numinus is aiding Optimi’s mission to further the research and development of all-natural, Canadian-grown psilocybin-producing mushrooms and related product formulations. Optimi Chairman of the Board JJ Wilson notes, “Today’s news is another step forward as we prepare for our first all-natural proprietary psychedelic mushroom formulation for human trial. We recently noted several advancements at our substantial facilities in Princeton, BC which are ultimately designed to meet or exceed GMP standards for production. This commitment to cultivation, production and processing excellence is reflected by our dedication to “all-natural” formulations. This approach, combined with early-stage research aimed at quickly moving into human trials is all part of a multi-faceted strategic plan aimed at ensuring we have advanced stage product formulations in readiness for timely regulatory review and approval. Optimi’s strategy to generate revenue and sell functional mushroom products is all about laying the groundwork to develop world-class processes to support and build our all-natural mushroom brand. The heavy lifting we are doing today with Numinus will scale into multiple development projects and revenue streams aimed at an array of future commercial opportunities focused on treating a variety of human health conditions naturally and safely.” As part of the research and development agreement with Numinus, Optimi gained near immediate access to services encompassing laboratories, equipment, and expert talent specifically related to Psilocybe mushrooms, psychedelic compounds, and formulations within Numinus’ licensed facilities. The pre-submission for Optimi’s first candidate whole psilocybe mushroom extract will be fully documented in readiness for applicable Health Canada review in preparation for entry into the proposed clinical trial with IMPACT at the University of Calgary. Optimi believes several additional candidates may be forthcoming and could join the initial candidate profile, thereby jumpstarting the research clinicians’ efforts through access to multiple options for study. All resulting intellectual property (IP) will be 100% owned by Optimi.Optimi’s CEO, Mike Stier concludes, “The relationship with Numinus has rapidly delivered right out of the gate with what we trust will be a very significant collection of all-natural formulations for study. Attention to detail and rigorous documentation are critical at this stage as we must be prepared to validate the work to the clinical trial team. Accelerated advancement is critical for us to capture sector leadership in order to create tangible returns to our shareholders. This is very important to us. So, I’m truly pleased by today’s news and thank everyone involved for the collaborative approach and eagerness to move forward. The path ahead is getting clearer every day.”Mike Stier President, Chief Executive Officer and Director ABOUT OPTIMI (CSE: OPTI) (OTC: OPTHF) (FRA: 8BN)Optimi is developing a sophisticated mushroom brand that focuses on the health and wellness markets. With a vertically integrated approach, Optimi intends to cultivate, extract, process and distribute high quality functional mushroom products at its two facilities comprising a total of 20,000 square feet nearing completion in Princeton, British Columbia. To fully investigate the science of mushrooms, the Company has received a research exemption under Health Canada Food and Drug Regulations (FDR) for the use of Psilocybin and Psilocin for scientific purposes via its wholly owned subsidiary Optimi Labs Inc. Optimi has also applied for a dealer’s license under Canada’s Narcotic Control Regulations governing possession, distribution, sale, laboratory analysis of and research and development of Psilocybin and Psilocin formulations. Optimi is committed to expert cultivation and quality production subject to and in accordance with the terms of all applicable laws and governing regulations to ensure safe, superior Canadian fungi production. Find out more at: https://optimihealth.ca/. FOR FURTHER INFORMATION CONTACT:Investor RelationsEmail: investors@optimihealth.ca Phone: +1 (778) 930-1321Web: https://optimihealth.ca/ FORWARD‐LOOKING STATEMENTSThis news release contains forward‐looking statements and forward‐looking information within the meaning of Canadian securities legislation (collectively, "forward‐looking statements") that relate to Optimi’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result," "are expected to," "expects," "will continue," "is anticipated," "anticipates," "believes," "estimated," "intends," "plans," "forecast," "projection," "strategy," "objective," and "outlook") are not historical facts and may be forward‐looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward‐looking statements. No assurance can be given that these expectations will prove to be correct and such forward‐looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward‐ looking statements pertaining to the dealer’s license application, activities proposed to be conducted under the Company’s research exemption and associated business related to Psilocybin and Psilocin and Optimi’s plans, focus and objectives. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Optimi’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID‐19 pandemic and other factors set forth under “Forward‐Looking Statements" and “Risk Factors” in the Company’s Final Prospectus dated February 12, 2021. Optimi undertakes no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Optimi to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward‐looking statement. Any forward‐looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. The CSE does not accept responsibility for the adequacy or accuracy of this release.

  • Optimi Health Finalizes Planned Build-Out of Mushroom Production and Research Facility
    GlobeNewswire

    Optimi Health Finalizes Planned Build-Out of Mushroom Production and Research Facility

    Awards contracts for interior finishing and technology installationVANCOUVER, British Columbia, April 27, 2021 (GLOBE NEWSWIRE) -- Optimi Health Corp. (CSE: OPTI) (OTC: OPTHF) (FRA: 8BN) (“Optimi” or the “Company”), developers of a vertically integrated functional mushroom brand focused on the health and wellness sector, is pleased to offer an activity update at its 20,000 sq. ft. production and research facility in Princeton, British Columbia. Optimi is advancing rapidly to final build-out of its two adjacent 10,000 square foot facilities which began construction in August of 2020. With the return of milder weather, final touches to exterior services, perimeter and access controls are well underway. The Company utilized the winter season to assess construction progress and to finalize a short list of contractors best suited for the critical interior layout. The entire process from engineering to tender process is now complete with all tenders graded through a fair percentile grading process including reference checks. For security purposes the tender winners’ names will be withheld but have met or exceeded the requirements per our engineering, responsiveness, and cost criteria. All required building related permits have been obtained, and some materials have begun arriving onsite for inventory storage until required by the respective trades. Advanced HVAC equipment and controls, fire suppression, and 700kw backup electrical power systems have been contracted and are, or soon will be in transit to Princeton. Security systems play a major role to meet regulatory compliance for the companies stated goal to produce both functional and psychoactive mushroom products in-house. Perimeter intrusion detection incorporates a “smart” fence consisting of a robust chain-link fencing system which in conjunction with an integrated camera system and fence disturbance sensors, combines with wireless gate access including contact sensors and magnetic locks controlled by dual verification card readers and video intercom stations. Agricultural production will be enhanced through the professional installation of an advanced Argus control system which provides software and hardware features such as secured local and remote connections, multiple user profiles, real-time monitoring and alarming of all critical environmental and system parameters, data recording, graphing, logging, exporting and data import for climate simulation, in a user-friendly, scalable control environment specifically designed for horticulture. In addition, and in accordance with Health Canada protocols, the facility will include a Region III, Level 8 product vault with a projected capacity to initially secure a licensed 50kg of Psilocybin with the ability, subject to future licensing, to easily scale up to a maximum allowable level 8 capacity of 1,250kg. The company, in accordance with the respective physical security directives, has developed a comprehensive security plan and assigned responsibility for 24/7 management to its chief of security. This includes facility-wide personnel verification and tracking, intrusion or emergency notifications, CCTV monitoring and video archive of all secure areas, and further includes active response coordination with local emergency, fire and police services located nearby. City of Princeton, Director of Economic Development, Mr. Gary Schatz notes, “I am excited to welcome Optimi Health into the Town of Princeton Industrial Park. The addition of such a cutting-edge company will help to further diversify the Princeton Economic landscape and create quality employment opportunities for our community. Optimi Health’s investment into the town is another example of the renaissance the Town of Princeton is experiencing and fits perfectly into the Town’s overall revitalization strategy. In my opinion they are doing an excellent job introducing this alternative business venture into our community and we are pleased to have them as a member of our business community.” Optimi Health COO and Director, Bryan Safarik comments, “Activities are moving ahead rapidly, and every day brings us another step closer to moving in and getting to work. We are extremely excited by the interest in our venture and pleased by the response to our commitment to all-natural products. We aim to become the leading supplier of natural mushroom-based goods to the health & wellness community, as well as a future developer of clinically proven therapeutic psilocybin formulations for discerning users who understandably prefer a non-synthetic solution for what are very personal care solutions. Mental health care options are going to change with the advent of innovative products, and we believe the finest products come from nature – naturally. We are passionate about delivering the best and we plan to build our brand based on that. This is what this entire facility in Princeton is dedicated to, and we are committed to a plan of action designed to deliver a simple outcome; the very finest Canadian made and naturally optimized mushroom products available.” On Behalf of the Board of Directors, Optimi Health Corp.Mike Stier President, Chief Executive Officer and Director ABOUT OPTIMI (CSE: OPTI) (OTC: OPTHF) (FRA: 8BN)Optimi is developing a sophisticated mushroom brand that focuses on the health and wellness markets. With a vertically integrated approach, Optimi intends to cultivate, extract, process and distribute high quality functional mushroom products at its two facilities comprising a total of 20,000 square feet nearing completion in Princeton, British Columbia. To fully investigate the science of mushrooms, the Company has received a research exemption under Health Canada Food and Drug Regulations (FDR) for the use of Psilocybin and Psilocin for scientific purposes via its wholly owned subsidiary Optimi Labs Inc. Optimi has also applied for a dealer’s license under Canada’s Narcotic Control Regulations governing possession, distribution, sale, laboratory analysis of and research and development of Psilocybin and Psilocin formulations. Optimi is committed to expert cultivation and quality production subject to and in accordance with the terms of all applicable laws and governing regulations to ensure safe, superior Canadian fungi production. Find out more at: https://optimihealth.ca/. FOR FURTHER INFORMATION CONTACT: Investor RelationsEmail: investors@optimihealth.ca Phone: +1 (778) 930-1321Web: https://optimihealth.ca/ FORWARD‐LOOKING STATEMENTSThis news release contains forward‐looking statements and forward‐looking information within the meaning of Canadian securities legislation (collectively, "forward‐looking statements") that relate to Optimi’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result," "are expected to," "expects," "will continue," "is anticipated," "anticipates," "believes," "estimated," "intends," "plans," "forecast," "projection," "strategy," "objective," and "outlook") are not historical facts and may be forward‐looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward‐looking statements. No assurance can be given that these expectations will prove to be correct and such forward‐looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward‐ looking statements pertaining to the dealer’s license application, activities proposed to be conducted under the Company’s research exemption and associated business related to Psilocybin and Psilocin and Optimi’s plans, focus and objectives. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Optimi’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID‐19 pandemic and other factors set forth under “Forward‐Looking Statements" and “Risk Factors” in the Company’s Final Prospectus dated February 12, 2021. Optimi undertakes no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Optimi to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward‐looking statement. Any forward‐looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. The CSE does not accept responsibility for the adequacy or accuracy of this release.

  • Optimi Health Adds to Corporate and Advisory Team
    GlobeNewswire

    Optimi Health Adds to Corporate and Advisory Team

    VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE) -- Optimi Health Corp. (CSE: OPTI) (OTC: OPTHF) (FRA: 8BN) (“Optimi” or the “Company”), developers of a vertically integrated functional mushroom brand focused on the health and wellness sector, is pleased to announce the appointments of Dr. Azim Jamal to its Advisory Board, and Leah Hodges to the role of Corporate Secretary. Dr. Jamal is the CEO and Co-Founder of Pacific Reach, established in 2014, and is responsible for leading all business activities for that company. He is a respected industry leader who has extensive experience overseeing a diverse portfolio of business investments including hotels, commercial properties, and seniors care communities. For over 20 years, Dr. Jamal was the President and Chief Executive Officer of Retirement Concepts. Over that time, he grew that company from two small seniors care communities in Chilliwack and Victoria to 25 communities across British Columbia, Alberta and Quebec, making Retirement Concepts one of the largest and most respected seniors care companies in Canada. In 2004, Dr. Jamal purchased the Sheraton Vancouver Guildford to diversify Pacific Reach’s portfolio into alternate classes of real estate. This portfolio is now consolidated under the Pacific Reach banner and includes hotel properties such as the iconic Rosewood Hotel Georgia, multi-family and office assets located in Vancouver, Toronto, Los Angeles and Phoenix. Most recently, Dr. Jamal has joined the board of directors at a TV Production Company, Thunderbird Studios.Dr. Jamal is a former family physician who graduated as a Medical Doctor (M.D.) from the University of British Columbia in 1994. After practicing as a family physician in Greater Vancouver, Dr. Jamal went on to found Dermal Laser Centers – a chain of medical aesthetic clinics which he subsequently sold. He is a member of the Young Presidents’ Organization in Vancouver, B.C., a recipient of the Ernst & Young Entrepreneur of the Year Award and a winner of the Business in Vancouver Top 40 Under 40 Outstanding Achievement Award. Appointed as Corporate Secretary, Mrs. Hodges is the principal of Benchmark Governance, providing corporate compliance, administration, and governance support to private and public companies in the resource, industrial and technology sectors. Mrs. Hodges has over sixteen years of experience serving on and for boards of directors of publicly listed companies on the TSXV, CSE and OTC markets. Mrs. Hodges specializes in corporate, commercial and securities compliance, corporate governance, mergers and acquisitions. Mrs. Hodges is a Commissioner for Taking Affidavits in British Columbia, has an Associate of Arts degree from Capilano University, and is a member of the Governance Professionals of Canada and Institute of Corporate Directors. Optimi Health’s CEO, Mike Stier notes, “The need for governance is a fundamental aspect of any business and the addition of Benchmark will support our team in this area. We are grateful to have attracted the interest and participation of a growing number of highly experienced businesspeople who bring a diverse collection of interest, expertise and accomplishments to our team. We welcome Azim and Leah and look forward to working together to help grow Optimi into a sector-leading and valued opportunity for our stakeholders and investors alike.” In related news and as previously announced (see news March 16, 2021), the Company has finalized an agreement to bring onboard globally recognized fitness and nutrition specialist Harley Pasternak to its growing Advisory Board (the “Advisory Agreement”). In consideration of the provision of past services to the Company by Mr. Pasternak, the Company has issued an aggregate of 50,000 common shares to Mr. Pasternak. In addition, the Company shall issue an aggregate of up to 150,000 additional common shares over the course of three years. The additional common shares will be issued in three tranches on January 1, 2022, 2023 and 2024, at a price based on the closing price of the common shares on the Canadian Securities Exchange (the “CSE”) on the last trading day prior to issuance. The Advisory Agreement is subject to CSE approval and the common shares to be issued pursuant to the Advisory Agreement will be subject to a hold period expiring 4 months and 1 day from the date of issuance. On Behalf of the Board of Directors, Optimi Health Corp.Mike Stier President, Chief Executive Officer and Director ABOUT OPTIMI (CSE: OPTI) (OTC: OPTHF) (FRA: 8BN)Optimi is developing a sophisticated mushroom brand that focuses on the health and wellness markets. With a vertically integrated approach, Optimi intends to cultivate, extract, process and distribute high quality functional mushroom products at its two facilities comprising a total of 20,000 square feet nearing completion in Princeton, British Columbia. To fully investigate the science of mushrooms, the Company has received a research exemption under Health Canada Food and Drug Regulations (FDR) for the use of Psilocybin and Psilocin for scientific purposes via its wholly owned subsidiary Optimi Labs Inc. Optimi has also applied for a dealer’s license under Canada’s Narcotic Control Regulations governing possession, distribution, sale, laboratory analysis of and research and development of Psilocybin and Psilocin formulations. Optimi is committed to expert cultivation and quality production subject to and in accordance with the terms of all applicable laws and governing regulations to ensure safe, superior Canadian fungi production. Find out more at: https://optimihealth.ca/. FOR FURTHER INFORMATION CONTACT: Investor RelationsEmail: investors@optimihealth.caPhone: +1 (778) 930-1321Web: https://optimihealth.ca/ FORWARD‐LOOKING STATEMENTS This news release contains forward‐looking statements and forward‐looking information within the meaning of Canadian securities legislation (collectively, "forward‐looking statements") that relate to Optimi’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward‐looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward‐looking statements. No assurance can be given that these expectations will prove to be correct and such forward‐looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward‐ looking statements pertaining to the dealer’s license application, activities proposed to be conducted under the Company’s research exemption and associated business related to Psilocybin and Psilocin and Optimi’s plans, focus and objectives. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Optimi’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID‐19 pandemic and other factors set forth under “Forward‐Looking Statements" and “Risk Factors” in the Company’s Final Prospectus dated February 12, 2021. Optimi undertakes no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Optimi to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward‐looking statement. Any forward‐looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. The CSE does not accept responsibility for the adequacy or accuracy of this release.