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Numinus Wellness Inc. - NUMIF STOCK NEWS

Welcome to our dedicated page for Numinus Wellness news (Ticker: NUMIF), a resource for investors and traders seeking the latest updates and insights on Numinus Wellness stock.

About Numinus Wellness Inc. (NUMIF)

Numinus Wellness Inc. (TSX: NUMI, OTCQX: NUMIF) is a pioneering mental health care company dedicated to advancing traditional and innovative behavioral health treatments, with a particular emphasis on safe, evidence-based psychedelic-assisted therapies. Headquartered in Vancouver, British Columbia, Numinus integrates clinical research, therapeutic services, and practitioner training to address complex mental health challenges such as depression, anxiety, trauma, pain, and substance use disorders. The company’s mission is to transform mental health care by focusing on healing rather than merely managing symptoms, thereby fostering a healthier society.

Core Business Areas

  • Clinical Research: Through its Cedar Clinical Research (CCR) division, Numinus is at the forefront of psychedelic clinical trials, supporting drug developers in exploring the efficacy and safety of novel therapies for conditions like Major Depressive Disorder (MDD). CCR has participated in multiple high-profile trials, showcasing its expertise in advancing groundbreaking treatments.
  • Therapeutic Services: Numinus operates a network of wellness clinics in the United States, providing evidence-based therapies, including ketamine and esketamine treatments. These services are supported by a robust call center and expertise in insurance reimbursement, ensuring accessible and high-quality care for patients.
  • Practitioner Training: The company offers comprehensive training programs for health care providers, equipping them with the skills needed to deliver psychedelic-assisted therapies. These programs are accredited by major regulatory bodies in Canada and the U.S., enhancing the professionalization of this emerging field.

Market Position and Differentiation

Numinus is strategically positioned within the rapidly evolving mental health care and psychedelic-assisted therapy sectors. By integrating clinical research, therapeutic services, and training under one umbrella, the company offers a unique value proposition that sets it apart from competitors. Its partnerships with leading organizations and its role in pivotal clinical trials further underscore its commitment to innovation and evidence-based practices.

Operational Focus and Recent Developments

Numinus has recently undertaken significant restructuring efforts to streamline its operations and focus on its core business areas. This includes transitioning out of Canadian clinical operations and forming strategic partnerships to optimize resource allocation. The company remains committed to achieving profitability through an asset-light model while continuing to expand its impact in the U.S. market.

Commitment to Expertise and Trust

Numinus is led by a team of seasoned professionals with deep expertise in mental health care, clinical research, and corporate strategy. Its adherence to rigorous scientific standards and regulatory compliance ensures the safety and efficacy of its treatments. By fostering transparency and collaboration, Numinus builds trust among patients, practitioners, and stakeholders alike.

Conclusion

Numinus Wellness Inc. is not just a company; it is a catalyst for change in the mental health care industry. By championing innovative therapies and integrating them into mainstream clinical practice, Numinus is paving the way for a future where mental health challenges are addressed with compassion, science, and efficacy.

Rhea-AI Summary
Numinus Wellness Inc. (NUMI) has announced that its research site, Cedar Clinical Research (CCR), has been selected as one of multiple sites for Beckley Psytech's Phase 2b clinical trial for Treatment Resistant Depression (TRD). The study aims to evaluate the efficacy and safety of Beckley Psytech's proprietary intranasal formulation of synthetic 5-Methoxy-N, N-Dimethyltryptamine (5-MeO-DMT) as a potential therapy for TRD. Numinus and CCR's collaboration with Beckley Psytech reflects a unified drive for innovation in psychedelic-assisted therapies, showcasing their dedication to advancing mental health research.
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Numinus Wellness Inc. (NUMI) congratulates MAPS PBC for submitting an NDA to the FDA for MDMA-assisted therapy for PTSD. Numinus expands its Practitioner Training Program and receives a notification from OTC Markets Inc. regarding its OTCQX compliance.
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Numinus Wellness Inc. (NUMI) Q4 2023 Highlights: Revenues grew 46.8% YoY to $6.1M, gross profit increased 37.4%, cash position at $8.6M, and fiscal 2023 revenue of $23.2M, a 256.9% increase over F2022.
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Numinus Wellness Inc. (NUMI) to Release Financial Results for Q4 and Year-End 2023, Announces Conference Call and Webcast
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Numinus introduces innovative psychedelic program for mental distress associated with chronic and serious illness
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Numinus Wellness Inc. establishes an at-the-market equity offering program, allowing the company to issue and sell up to C$10,000,000 of common shares. The program provides flexibility for future financing and general corporate purposes. No shares have been distributed yet.
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Numinus congratulates MAPS on its phase 3 study results published in Nature Medicine
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Numinus Wellness Inc. is ceasing operations at its non-revenue producing research lab and consolidating clinic operations to improve performance and client experience. These actions are expected to save nearly C$1 million in annual cash expenses, improving company margins and supporting profitability. The company will retain all intellectual property and licenses. Clinic locations are being consolidated and leases for research clinics in Montreal and Vancouver will not be renewed. These changes are expected to enhance service levels and client experience. Overall, these actions are expected to reduce annual cash expenses by C$1 million without significant impact on revenue. Numinus believes these actions will improve margins and accelerate its path to positive cash flow and profitability.
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Numinus Wellness Inc. announced its Q3 2023 financial results. Revenues grew 713.3% YoY to $6.0 million and 12.6% from the previous quarter. Gross profit was $2.1 million, a 1051.6% YoY increase. The company incurred $0.6 million of one-time expenses due to staff reductions. Cash position was $13.0 million as of May 31, 2023. Activities during Q3 position the company well for the expected future approval of MDMA-assisted therapy.
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FAQ

What is the current stock price of Numinus Wellness (NUMIF)?

The current stock price of Numinus Wellness (NUMIF) is $0.0321 as of March 3, 2025.

What is the market cap of Numinus Wellness (NUMIF)?

The market cap of Numinus Wellness (NUMIF) is approximately 9.8M.

What does Numinus Wellness Inc. do?

Numinus Wellness Inc. specializes in mental health care, focusing on safe, evidence-based psychedelic-assisted therapies, clinical research, and practitioner training.

How does Numinus generate revenue?

Numinus generates revenue through therapeutic services at its wellness clinics, clinical research partnerships, and practitioner training programs.

What makes Numinus unique in the mental health care industry?

Numinus integrates clinical research, therapeutic services, and training into a unified model, offering a comprehensive approach to advancing mental health care and psychedelic-assisted therapies.

What conditions does Numinus address?

Numinus focuses on treating conditions such as depression, anxiety, trauma, pain, and substance use disorders through innovative and evidence-based therapies.

Where does Numinus operate its clinics?

Numinus operates a network of wellness clinics in the United States, providing advanced mental health care services.

What is Cedar Clinical Research?

Cedar Clinical Research is Numinus's clinical research division, which conducts trials to evaluate the safety and efficacy of psychedelic-assisted therapies for mental health conditions.

Does Numinus offer training for practitioners?

Yes, Numinus provides accredited training programs for practitioners to deliver psychedelic-assisted therapies, including ketamine, MDMA, and psilocybin treatments.

Is Numinus focused on profitability?

Yes, Numinus has implemented cost optimization strategies and shifted to an asset-light model to achieve profitability while maintaining its focus on core operations.

What partnerships has Numinus formed?

Numinus collaborates with leading organizations in the psychedelic therapy space and has been selected as a trial site for pivotal clinical studies, such as Cybin's Phase 3 trial for CYB003.

What is Numinus's mission?

Numinus's mission is to transform mental health care by focusing on healing rather than managing symptoms, integrating innovative therapies into mainstream clinical practice.
Numinus Wellness Inc.

OTC:NUMIF

NUMIF Rankings

NUMIF Stock Data

9.81M
313.99M
3.85%
2.67%
Medical Care Facilities
Healthcare
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Canada
Vancouver