Optimi Health Announces Investor Relations Agreement

Rhea-AI Summary

Optimi Health Corp. (CSE: OPTI, OTCQB: OPTHF) has entered agreements with Kydder Management Group and Generation IACP Inc. for investor relations and market-making services, pending Canadian Securities Exchange approval. Kydder will receive $40,000 monthly for three months, with a renewal option, while GIACP will earn $7,500 monthly for six months, subject to a 3% annual price increase. Optimi is focused on developing functional mushroom products and has received a research exemption for Psilocybin and Psilocin use under Health Canada regulations.

Positive

• Agreements with Kydder and GIACP enhance investor relations and market presence.
• Commitment to developing a sophisticated mushroom brand targeting health and wellness.
• Research exemption received for Psilocybin and Psilocin, enabling scientific investigation.

Negative

• None.

VANCOUVER, British Columbia, March 08, 2022 (GLOBE NEWSWIRE) -- Optimi Health Corp. (CSE: OPTI) (OTCQB: OPTHF) (FRA: 8BN) (“Optimi” or the “Company”), developers of a vertically integrated mushroom brand targeting functional and novel psychedelic compounds for the health and wellness sector, is pleased to announce it has entered into agreements with Kydder Management Group (“Kydder”) and Generation IACP Inc. (“GIACP”) to provide services to the Company, subject to approval by the Canadian Securities Exchange (the “Exchange”). Kydder’s scope of work will include investor relations activities, as defined in accordance with the policies of the Exchange and applicable securities laws, and GIACP’s will include market making services. Kydder will be paid $40,000 per month for an initial 3 month term (with option to renew) and GIACP will be paid $7,500 per month (subject to price escalation of 3% per year) for an initial 6 month term (such term is automatically renewed for subsequent 6 month terms, unless the Company provides 30 days written notice of termination). To the knowledge of the Company, neither Kydder nor GIACP currently hold security positions in Optimi.

On Behalf of the Board of Directors,

Bill Ciprick
Chief Executive Officer
Optimi Health Corp.

ABOUT OPTIMI (CSE: OPTI) (OTCQB: 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 Relations
Email: investors@optimihealth.ca
Phone: 902 880 6121
Web: https://optimihealth.ca/

FORWARD‐LOOKING STATEMENTS

This news release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

FAQ

What services will Kydder Management Group provide to Optimi Health Corp?

Kydder Management Group will provide investor relations activities to Optimi Health Corp.

What is the duration of the agreement with Generation IACP Inc.?

The agreement with Generation IACP Inc. is for an initial term of six months, automatically renewable unless terminated.

How much will Kydder Management Group be paid for their services?

Kydder Management Group will be paid $40,000 per month for their investor relations services.

What is the purpose of Optimi Health Corp.'s research exemption?

The research exemption allows Optimi Health Corp. to use Psilocybin and Psilocin for scientific purposes under Health Canada's Food and Drug Regulations.

What is the focus of Optimi Health Corp.'s business?

Optimi Health Corp. focuses on developing a vertically integrated mushroom brand for the health and wellness sector.