Numinus Wellness Shifts Focus and Plans Acquisition

Numinus Wellness (TSE:NUMI) has released an update.

Numinus Wellness Inc. reported a slight decline in revenue and gross profit in Q3 of Fiscal 2024, alongside a modest cash position and an increased number of client appointments in the U.S. They have transitioned out of Canadian clinical operations to focus on U.S. clinics and late-stage drug trials. Additionally, Numinus is planning to acquire MedBright AI Investments Inc., extending its reach in mental health care through a stock-based transaction.

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