Ketamine One Subsidiary KGK Science Becomes the First Founding Sponsor of the “Psychedelic Science 2023” Event

Rhea-AI Summary

KetamineOne Capital Limited (KONEF) is pleased to announce its participation as the first founding sponsor of the Psychedelic Science 2023 event, set for June 19-25 in Denver, Colorado. This gathering, organized by MAPS and Momentum Events, is expected to attract around 10,000 attendees and features various panels and workshops on psychedelics. Additionally, the company has granted stock options, restricted share units, and performance warrants to its directors and consultants, with specific vesting schedules and exercise prices detailed.

Positive

• KetamineOne becomes the first founding sponsor of Psychedelic Science 2023, enhancing brand visibility.
• The event is expected to draw approximately 10,000 attendees, potentially increasing business opportunities and partnerships.

Negative

• The issuance of 200,000 stock options and 1,901,402 restricted share units could lead to shareholder dilution.

Psychedelic Science 2023, Taking Place in Denver, Colorado from June 19-25, is Being Planned as the World’s Largest Gathering of the Psychedelic Ecosystem, Will Be Hosted by the Multidisciplinary Association for Psychedelic Studies and is Being Organized by Momentum Events

VANCOUVER, British Columbia, Jan. 10, 2022 (GLOBE NEWSWIRE) -- KetamineOne Capital Limited (“Ketamine One” or the “Company”) (NEO: MEDI) (OTC: KONEF) (Frankfurt: MY0), a company focused on consolidating medical clinics and becoming a North American leader in mental health treatments, is pleased to announce that its wholly-owned contract research organization, KGK Science Inc. (“KGK” or the “CRO”), has become the first founding sponsor of the Psychedelic Science 2023 event (“Psychedelic Science 2023”). Taking place June 19-25, 2023 in Denver, Colorado with an estimated 10,000 attendees, Psychedelic Science 2023 will be the world’s largest gathering of the psychedelic ecosystem. The event will be hosted by Multidisciplinary Association for Psychedelic Studies (“MAPS”) and is being organized by Momentum Events.

Psychedelic Science 2023 will feature three days of panels, workshops, and lectures from leaders and visionaries from psychedelic research, education, policy, business, culture, and communities. Conference tracks will be complemented by pre- and post-conference workshops; an exhibit hall; and a marketplace featuring artists, musicians, and other vendors from around the world. Attendees will include MAPS members, donors, researchers, students, clinicians, advocates, therapists, political leaders, entrepreneurs, executives, investors, psychedelic enthusiasts, and those who may benefit from MAPS’ decades of research and advocacy.

Additionally, Ketamine One has granted 200,000 stock options (the “Options”) to a director of the Company, 1,901,402 restricted share units (the “RSUs”) to arm’s length advisors, and 150,000 common share purchase warrants (the “Performance Warrants”) to consultants to the Company. Each Option is exercisable to purchase one common share of the Company at a price of $0.27 per common share for a period of five years from the date of grant, in accordance with the Company’s stock option plan. The RSUs were issued pursuant to the Company’s restricted share unit plan approved by shareholders on Feb. 21, 2021. Fifty per cent of the RSUs vest six months from the date of grant, with the remaining fifty per cent of the RSUs vesting 12 months after the date of the grant. Each Performance Warrant was issued pursuant to the achievement of certain milestones set out in their respective engagement agreements, with 100,000 Performance Warrants being exercisable to purchase one common share of the Company at $0.50 per common share, and 50,000 Performance Warrants being exercisable to purchase one common share of the Company at $0.27 per common share. All Performance Warrants vest immediately upon issuance and have a two-year term.

ABOUT MOMENTUM EVENTS

Founded in 2012, Momentum Events proudly serves its clients and produces events that attract the best and brightest minds who come together to share their knowledge, connect with the individuals that matter most and enjoy valuable experiences online or in real life. Whether we're developing cutting edge conferences for the markets served, or producing a partner’s next event, Momentum leverages its best-in-class technology platforms, an assortment of virtual and live event third-party provider relationships, and the meticulous nature of its event planning mindset to deliver true, sustainable value for all stakeholders. www.momentumevents.com.

ABOUT MAPS

Founded in 1986, MAPS is a 501(c)(3) non-profit research and educational organization that develops medical, legal, and cultural contexts for people to benefit from the careful uses of psychedelics and marijuana. MAPS is sponsoring the most advanced psychedelic therapy research in the world: Phase 3 clinical trials of MDMA-assisted therapy for PTSD. Since its founding, MAPS has raised over $130 million for psychedelic and marijuana research and education and has earned both the Guidestar Platinum Seal of Transparency and a 4-Star Rating from Charity Navigator.

ABOUT KGK SCIENCE

Founded in 1997, KGK is a leading North American contract research organization based in London, Ontario that primarily provides high-quality clinical research trials with a focus on the nutraceutical, cannabis and emerging psychedelic industries. The business has successfully helped hundreds of companies with custom designed clinical trials and claim substantiation strategies to move products into global markets. KGK’s other existing service lines include expert regulatory support and compliance solutions, participant recruitment, research support services and consulting services. On an approximate basis, the business to date has produced 150 publications, executed over 400 clinical trials across more than 40 indications, amassed 25,000 participants in its database and collected 10 million data points.

ABOUT KETAMINE ONE

KetamineOne Capital Limited (formerly Myconic Capital Corp.) is a company focused on consolidating medical clinics and becoming a North American leader in mental health treatments. It is working to provide the critical infrastructure needed to develop and deliver breakthrough mental health treatments. Currently, Ketamine One has a network of clinics across North America, with plans to further consolidate the highly fragmented industry. KGK Science Inc. is the Company’s wholly owned contract research division, which places it at the forefront of premium clinical research based on the subsidiary’s history and extensive experience in pharmaceuticals, cannabis, and the emerging psychedelic medicine industries. As a collective enterprise, Ketamine One is dedicated to helping solve the growing need for safe and accessible mental health therapy.

On behalf of:

KETAMINE ONE

"Adam Deffett"
Adam Deffett, Interim CEO

For further information, please contact:

Nick Kuzyk, Investor Relations
Tel: 1-844-PHONE-K1 (1-844-746-6351)
Email: IR@ketamine.one
Web: www.ketamine.one
Twitter: @KetamineOne

Notice Regarding Forward-Looking Information:

This news release contains forward-looking statements including but not limited to statements regarding the Company’s business, assets or investments, as well other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business and prospects of the Company.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.

SOURCE: KetamineOne Capital Limited

FAQ

What is the significance of KetamineOne becoming a founding sponsor of Psychedelic Science 2023?

KetamineOne's position as a founding sponsor enhances its brand visibility and establishes its commitment to the psychedelic ecosystem.

When and where is the Psychedelic Science 2023 event taking place?

The Psychedelic Science 2023 event is scheduled for June 19-25, 2023, in Denver, Colorado.

What types of attendees will be present at Psychedelic Science 2023?

The event will host various participants, including researchers, clinicians, advocates, investors, and psychedelic enthusiasts.

What are the details regarding stock options and other equity grants issued by KetamineOne?

KetamineOne issued 200,000 stock options and 1,901,402 restricted share units, with specific vesting periods and exercise prices outlined in the press release.