Numinus Wellness is to acquire Novamind Inc in an all-share transaction, by way of a court-approved plan of arrangement, for total consideration of approximately CAD26.2 million on a fully diluted in-the-money basis.
Following the Transaction, the combined company will operate 13 wellness clinics and will be positioned as a leading psychedelic-assisted therapy provider in North America, leading its peer group in revenue with approximately c$10 million in annual pro-forma revenue based on the trailing four quarters.
