Numinus Wellness Inc. Announces Strategic Wind-Down of Non-Operating Subsidiaries
Numinus Wellness Inc. (TSX: NUMI, OTCQX: NUMIF) announced a strategic wind-down of several non-operating subsidiaries through bankruptcy proceedings to streamline its corporate structure and improve operational efficiency. The affected subsidiaries include Mindspace Services Inc., Neurology Centre of Toronto Inc., Numinus Bioscience Inc., Salvation Bioscience Inc., and Numinus Health Corp.
The company emphasized that these actions will not affect Numinus Wellness Inc.'s ability to continue operations, as it maintains focus on its core research and training businesses in mental health solutions and psychedelic-assisted therapies. Dodick Landau Inc. has been engaged to oversee the bankruptcy proceedings, and the company will ensure completion of all required CRA filings for the affected entities.
Numinus Wellness Inc. (TSX: NUMI, OTCQX: NUMIF) ha annunciato una chiusura strategica di diverse filiali non operative attraverso procedure di fallimento per semplificare la propria struttura aziendale e migliorare l'efficienza operativa. Le filiali interessate includono Mindspace Services Inc., Neurology Centre of Toronto Inc., Numinus Bioscience Inc., Salvation Bioscience Inc. e Numinus Health Corp.
La società ha sottolineato che queste azioni non influenzeranno la capacità di Numinus Wellness Inc. di continuare le operazioni, poiché mantiene l'attenzione sulle sue attività principali di ricerca e formazione nelle soluzioni per la salute mentale e nelle terapie assistite da sostanze psichedeliche. Dodick Landau Inc. è stata incaricata di supervisionare le procedure di fallimento e la società garantirà il completamento di tutte le dichiarazioni richieste all'CRA per le entità interessate.
Numinus Wellness Inc. (TSX: NUMI, OTCQX: NUMIF) anunció un cierre estratégico de varias filiales no operativas a través de procedimientos de quiebra para simplificar su estructura corporativa y mejorar la eficiencia operativa. Las filiales afectadas incluyen Mindspace Services Inc., Neurology Centre of Toronto Inc., Numinus Bioscience Inc., Salvation Bioscience Inc. y Numinus Health Corp.
La empresa enfatizó que estas acciones no afectarán la capacidad de Numinus Wellness Inc. para continuar sus operaciones, ya que se mantiene enfocada en sus negocios principales de investigación y formación en soluciones de salud mental y terapias asistidas por psicodélicos. Dodick Landau Inc. ha sido contratada para supervisar los procedimientos de quiebra, y la empresa asegurará la finalización de todos los informes requeridos por la CRA para las entidades afectadas.
Numinus Wellness Inc. (TSX: NUMI, OTCQX: NUMIF)는 여러 비운영 자회사를 파산 절차를 통해 전략적으로 정리하여 기업 구조를 간소화하고 운영 효율성을 개선한다고 발표했습니다. 영향을 받는 자회사에는 Mindspace Services Inc., Neurology Centre of Toronto Inc., Numinus Bioscience Inc., Salvation Bioscience Inc. 및 Numinus Health Corp.가 포함됩니다.
회사는 이러한 조치가 Numinus Wellness Inc.의 운영 지속 능력에 영향을 미치지 않을 것이라고 강조했습니다. 회사는 정신 건강 솔루션 및 환각제 보조 치료에 대한 핵심 연구 및 교육 사업에 집중하고 있습니다. Dodick Landau Inc.가 파산 절차를 감독하도록 고용되었으며, 회사는 영향을 받는 법인에 대한 모든 CRA 제출을 완료할 것입니다.
Numinus Wellness Inc. (TSX: NUMI, OTCQX: NUMIF) a annoncé une fermeture stratégique de plusieurs filiales non opérationnelles par le biais de procédures de faillite afin de rationaliser sa structure d'entreprise et d'améliorer l'efficacité opérationnelle. Les filiales concernées incluent Mindspace Services Inc., Neurology Centre of Toronto Inc., Numinus Bioscience Inc., Salvation Bioscience Inc. et Numinus Health Corp.
L'entreprise a souligné que ces actions n'affecteront pas la capacité de Numinus Wellness Inc. à poursuivre ses opérations, car elle reste concentrée sur ses activités principales de recherche et de formation dans les solutions de santé mentale et les thérapies assistées par des substances psychédéliques. Dodick Landau Inc. a été engagé pour superviser les procédures de faillite, et l'entreprise veillera à ce que toutes les déclarations requises par l'ARC pour les entités concernées soient complétées.
Numinus Wellness Inc. (TSX: NUMI, OTCQX: NUMIF) hat eine strategische Abwicklung mehrerer nicht operativer Tochtergesellschaften durch Insolvenzverfahren angekündigt, um die Unternehmensstruktur zu straffen und die Betriebseffizienz zu verbessern. Die betroffenen Tochtergesellschaften umfassen Mindspace Services Inc., Neurology Centre of Toronto Inc., Numinus Bioscience Inc., Salvation Bioscience Inc. und Numinus Health Corp.
Das Unternehmen betonte, dass diese Maßnahmen die Fähigkeit von Numinus Wellness Inc. zur Fortführung der Geschäftstätigkeit nicht beeinträchtigen werden, da es sich auf sein Kerngeschäft in der Forschung und Ausbildung im Bereich psychischer Gesundheitslösungen und psychedelisch unterstützter Therapien konzentriert. Dodick Landau Inc. wurde beauftragt, die Insolvenzverfahren zu überwachen, und das Unternehmen wird die Fertigstellung aller erforderlichen CRA-Einreichungen für die betroffenen Einheiten sicherstellen.
- Streamlining corporate structure to enhance operational efficiency
- Core operations in research and training businesses remain unaffected
- Strategic initiative to improve financial sustainability
- Multiple subsidiary bankruptcies indicating financial difficulties
- Pending financial statements and MD&A filings suggest potential reporting delays
The subsidiaries affected and their respective wind-down methods are as follows:
- Mindspace Services Inc. (
Canada ) – Bankruptcy - Neurology Centre of Toronto Inc. (
Ontario ) – Bankruptcy - Numinus Bioscience Inc. (
British Columbia ) – Bankruptcy - Salvation Bioscience Inc. (
Canada ) – Bankruptcy - Numinus Health Corp. (
British Columbia ) – Bankruptcy
These actions do not affect Numinus Wellness Inc.'s ability to continue operations. The Company remains focused on its research and training businesses, which form the foundation of its mission to advance mental health solutions and psychedelic-assisted therapies. By streamlining its corporate structure, Numinus is ensuring a more sustainable and efficient path forward.
"This initiative allows us to allocate resources more effectively and maintain focus on our core operations," said Michael Tan, CEO of Numinus Wellness Inc.
The Company has engaged Dodick Landau Inc. to oversee the bankruptcy proceedings. Additionally, Numinus will ensure that all required Canada Revenue Agency (CRA) filings for the affected entities are completed prior to the finalization of the wind-down process.
This announcement is being made in accordance with TSX and securities disclosure requirements. Further details regarding this matter will be included in the Company's forthcoming Material Change Report, to be filed within 10 days on SEDAR+.
The Company is continuing to prepare its Annual and Interim financial statements and MD&A, which will be filed as soon as possible.
About Numinus
Numinus Wellness Inc. (TSX: NUMI) helps people to heal and be well through the development and delivery of innovative mental health care and access to safe, evidence-based psychedelic-assisted therapies. The Numinus model – technology-driven clinic support, clinical trial research and comprehensive practitioner training – is at the forefront of a transformation aimed at healing rather than managing symptoms of depression, anxiety, trauma, pain and substance use. At Numinus, we are leading the integration of psychedelic-assisted therapies into mainstream clinical practice and building the foundation for a healthier society.
Learn more at www.numinus.com and follow us on LinkedIn, Facebook, and Instagram.
Forward-looking statements
Statements and other information contained in this press release about anticipated future events constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", and "intend" and statements that an event "may", "will", "should", "could" or "might" occur or other similar expressions. Forward-looking statements are subject to risks and uncertainties and other factors that could cause actual results to differ materially from those contained in the forward-looking statements, and other risks that are set forth in our annual information form dated November 29, 2023, and available on SEDAR at www.sedarplus.ca. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Numinus does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change except as required by applicable laws. Investors should not place undue reliance on forward-looking statements.
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SOURCE Numinus Wellness Inc.
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