OPTIMI HEALTH CORP - OPTHF STOCK NEWS

Optimi Health Corp. (OTCQB: OPTHF) announced a patent filing for a novel extraction method that significantly enhances the yield of Psilocybin and Psilocin from mushrooms. This breakthrough process addresses the historical instability of these alkaloids, which can lose up to three times their alkaloid content when dehydrated. The new technique not only improves extraction efficiency but also protects the compounds from degradation, potentially lowering production costs and enhancing bioavailability. Additionally, the method embraces green chemistry principles, aligning with Optimi's sustainability goals.

Optimi Health Corp. (CSE: OPTI) (OTCQB: OPTHF) has provided an update on its 20,000 sq. ft. production facility in Princeton, British Columbia. The project is currently three to four weeks behind schedule due to supply chain challenges, which the company considers acceptable in light of the global health crisis. The company is moving forward with construction for a Controlled Substance Dealers License and has been advised that the proposed security measures may meet Health Canada requirements. Progress on facility systems is ongoing, with most equipment expected on-site within a month.

Optimi Health Corp. announces the appointment of William J. Ciprick as CEO, effective September 7, 2021. With over 30 years of global experience in various industries, including leadership roles at BDC Advisory Services and Procter & Gamble, Ciprick aims to drive growth and commercialization of Optimi's functional mushroom products. He replaces Mike Stier, who will remain with the company as a director. Optimi focuses on the health and wellness sector and is nearing completion of a 20,000 square foot facility in Princeton, British Columbia.

Optimi Health Corp. announced preparations for a Q4 launch of online sales featuring a range of functional mushroom products, including capsules and a vegan protein formulation. Chief Marketing Officer Dane Stevens highlighted the company's goal of transforming into a revenue-generating entity, leveraging new revenues to spur value creation and fund ongoing initiatives. The initial sales will target the Canadian market with plans to enter the US market in 2022. Collaborations with marketing agencies aim to enhance consumer awareness and support the launch.

Optimi Health Corp. has engaged industry veteran John Simon to enhance its regulatory submissions and psychedelic research efforts. Simon brings extensive experience in regulatory affairs and has worked with FDA and Health Canada. His role is pivotal for Optimi's goal of conducting clinical trials on psilocybin-based formulations, meeting international standards, and securing intellectual property rights. The company aims to improve mental health through its innovative mushroom products and has received regulatory exemptions for research into psilocybin and psilocin.

Optimi Health Corp. (CSE: OPTI) (OTC: OPTHF) has announced its inclusion in the first psychedelics Exchange Traded Fund (ETF), trading on the Neo Exchange since January 26, 2021. The ETF invests in companies involved in the psychedelics industry, with Optimi Health receiving a 1.74% weighting upon inclusion. Managed by Horizons ETF Management, the ETF aims to replicate the performance of the North American Psychedelics Index. CEO Mike Stier highlighted this inclusion as a significant milestone, enhancing visibility and investor confidence for Optimi's stakeholders.

Optimi Health Corp. has engaged Donohoe Advisory Associates LLC to assist in exploring strategies for a potential Nasdaq listing. Donohoe Advisory, founded by David A. Donohoe, Jr., consists of former Nasdaq staff and specializes in public company listings. CEO Mike Stier emphasized that this engagement marks significant progress towards achieving a senior market listing. Optimi is focused on developing a sophisticated mushroom brand, backed by research exemptions and licenses for Psilocybin and Psilocin, aiming for health and wellness markets.

Optimi Health Corp. (OTC: OPTHF) has announced its collaboration as a Core Spore Supporter with TheraPsil, a non-profit coalition advocating for patient access to psilocybin therapy in Canada. This partnership includes financial support aimed at increasing access to psilocybin-assisted psychotherapy, particularly for patients experiencing end-of-life distress. Since August 2020, TheraPsil has facilitated 31 patients to obtain legal exemptions for psilocybin therapy. Optimi is committed to developing a high-quality mushroom brand, focusing on psilocybin's medicinal benefits.

Optimi Health Corp. has successfully uplisted to the OTCQB exchange, retaining its ticker symbol OPTHF. This exchange is designed for developing companies, requiring compliance with financial reporting and management certification. The OTCQB enhances visibility for investors, potentially improving liquidity and future capital access. In addition to trading on OTCQB, Optimi shares remain listed on the Canadian Securities Exchange (OPTI) and the German Börse Frankfurt (FRA: 8BN). Optimi is focused on health and wellness through mushroom products and has obtained research exemptions for Psilocybin and Psilocin development.