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Mydecine Innovations Group announces the appointment of Josephine Wu to its Board of Directors, aiming to enhance growth and strategic direction. Wu, with over 18 years in hedge fund and healthcare investment, replaces Michael Connolly, who resigned. This leadership change contributes positively to governance as the Caveat Emptor designation on OTC markets is lifted, facilitating Mydecine's compliance with U.S. trading regulations. The company focuses on developing innovative solutions in mental health, leveraging Wu's extensive experience to further its business model and partnerships.
Mydecine Innovations Group (CSE: MYCO) has received Conditional Approval to migrate and uplist its common shares to the NEO Exchange, enhancing its accessibility to retail and institutional investors. The final approval hinges on meeting NEO's listing requirements. This uplisting aims to increase liquidity and visibility for Mydecine, as noted by CEO Josh Bartch. The current trading symbol 'MYCO' will remain unchanged, not affecting existing shareholders' trading capabilities.
Mydecine Innovations Group has appointed Boustead Capital Markets to facilitate its dual listing on the London Stock Exchange (LSE). This strategic move aims to provide greater exposure to European investors, particularly in psychedelic-friendly regions. The company anticipates that trading on the LSE will enhance its visibility and strengthen its market position alongside its existing listings in Canada, the U.S., and Germany. CEO Joshua Bartch emphasized that this step aligns with their focus on shareholder value and growth.
Mydecine Innovations Group has appointed Boustead Capital Markets to facilitate its dual listing on the London Stock Exchange (LSE). This move aims to enhance investor access to Mydecine's shares in Europe, especially in countries supportive of psychedelics. The LSE listing is expected to strengthen Mydecine's position in the market and provide opportunities for expansion, including clinical trials and telehealth services via Mindleap Health. The company's CEO emphasizes the strategic importance of the LSE for increasing shareholder value and investor reach.
NeuroPharm, a subsidiary of Mydecine Innovations Group (CSE: MYCO, OTC: MYCOF), has partnered with FreeMind Group to explore global non-dilutive funding for its innovative mental wellness products targeting high-risk populations like veterans. This partnership aims to leverage FreeMind's expertise in securing funding, crucial for advancing NeuroPharm's psilocybin-based therapies for PTSD, depression, and other mental health issues. Additionally, the Company has settled $847,500 in debt through the issuance of common shares.
Mydecine Innovations Group Inc. (CSE: MYCO) (OTC: NLBIF) announced that its subsidiary, NeuroPharm Inc., has filed a provisional patent application with the USPTO for a psychedelic therapy enhancer aimed at treating psychiatric disorders like PTSD. The patent covers an enhancer that reduces the breakdown of psilocin, potentially leading to improved therapeutic effects with lower doses. This aligns with NeuroPharm's mission to develop psilocybin-based treatments for mental health issues in veterans and first responders, leveraging evidence-based medicine.
Mydecine Innovations Group has launched its digital telehealth mobile application, Mindleap Health, aimed at enhancing access to mental health services and analytics. The platform allows users to connect with approved mental health specialists and utilizes a unique revenue model, charging a 9% fee on services purchased. The telehealth market is projected to reach $560 billion by 2027, representing a 25.2% compound annual growth rate. Founder Nikolai Vassev emphasized the innovative technology and continuous improvement focus in developing advanced mental health analytics.
