VANCOUVER, BC, June 23, 2022 / PRNewswire / – Numinus Wellness Inc. (“Numinus”, the “Firm”) (TSX: NUMI) (OTCQX: NUMIF), a psychological well being care firm advancing modern remedies and secure, evidence-based psychedelic-assisted therapies, is happy to announce the launch of a Utah-based pilot program to assist companies enhance worker psychological well being by providing ketamine-assisted psychotherapy (KAP) as a well being profit for eligible staff (“Company KAP”).
Whereas Numinus’ Utah clinics, working beneath the Cedar Psychiatry model, have secured insurance coverage protection from choose insurance coverage corporations for direct billing of ketamine for treatment-resistant despair, entry stays a problem for a lot of sufferers. To bridge this hole, Cedar Psychiatry and Utah-based HempLucid have been piloting Company KAP since 2019 to make sure that its staff with a psychological well being analysis can entry the care they want. For the association, HempLucid covers the price of ketamine infusions whereas leveraging its present healthcare insurance coverage plan to assist the remedy element of KAP.
“It has been revolutionary to how we function as a enterprise,” he stated Chase Hudson, Founder and CEO of HempLucid. “Providing ketamine remedies to our staff has proven unbelievable advantages for therapeutic, positivity, and productiveness within the work atmosphere. We’re in a brand new period. A brand new social contract is being fashioned between staff and employers, and companies are being pressured to take a “have a look at the psychological well being of their staff. We’re working exhausting to get out forward of it and handle our individuals in a proactive means.”
With psychological sickness thought of among the many highest cost-drivers for employers, investing in employees’ psychological well being is changing into a high precedence for enterprise leaders. Psychological sickness accounts for 70% of office incapacity prices.1 A research by Deloitte discovered that the median yearly return-on-investment of CAN $ 1.00 spent on psychological well being applications was CAN $ 2.18 amongst corporations that had psychological well being initiatives in place for 3 or extra years.2 Company KAP is an modern means to assist employers improve productiveness, decrease absenteeism and scale back incapacity prices by enhancing worker psychological well being.
Dr. Reid RobisonChief Medical Officer, Numinus, commented: “It is extra vital than ever to handle our particular person and collective psychological well being. This pilot expands entry to ketamine-assisted psychotherapy within the curiosity of not solely serving to people and households, but additionally a worldwide “workforce that continues to report will increase in stress and burnout. It’s actually inspiring to see an organization like HempLucid handle staff on this means.”
Numinus not too long ago accomplished the acquisition of Novamind, which incorporates eight clinics in Utah working as Cedar Psychiatry and two clinics in Arizona working as Foundations for Change. Numinus is at present exploring how the Company KAP service providing might be expanded all through its 13 clinics throughout North America.
Numinus’ Cedar Psychiatry clinics provide sufferers entry to a spread of psychological well being providers, together with ketamine remedy, transcranial-magnetic stimulation (TMS), Spravato, speak remedy and drugs administration.
Numinus Wellness (TSX: NUMI) helps individuals to heal and be effectively via the event and supply of modern psychological well being care and entry to secure, evidence-based psychedelic-assisted therapies. The Numinus mannequin – together with psychedelic analysis, manufacturing and clinic care – is on the forefront of a metamorphosis geared toward therapeutic fairly than managing signs for despair, nervousness, trauma, ache and substance use. At Numinus, we’re main the mixing of psychedelic-assisted therapies into mainstream scientific observe and constructing the muse for a more healthy society.
Neither Numinus Wellness Inc., nor any of its subsidiaries is an expert company licensed to observe well being providers. In jurisdictions the place well being providers might solely be supplied by an organization if that company holds a legitimate allow to take action, Numinus and its subsidiaries function in a administration providers operate to affiliated skilled firms, who present well being providers to sufferers. Numinus and its subsidiaries do present well being providers on to sufferers in these jurisdictions the place approved to take action.
This information launch contains sure “ahead–wanting data “and” ahead–wanting statements “(collectively” ahead–wanting statements “) inside the which means of relevant Canadian securities laws, together with statements relating to the plans, intentions, beliefs and present expectations of the Firm with respect to future enterprise actions and working efficiency. All statements on this information launch that deal with occasions or developments that the Firm expects to happen sooner or later are ahead–wanting statements. Ahead–wanting statements are statements that aren’t historic info and are sometimes recognized by phrases resembling “anticipate”, “plan”, “anticipate”, “venture”, “goal”, “potential”, “schedule”, “forecast”, ” price range “,” estimate “,” intend “or” imagine “and related expressions or their destructive connotations, or that occasions or circumstances” will “,” would “,” might “,” may “,” ought to “or” may ” happen, and embody data relating to expectations across the Company KAP, advantages and future plans relating thereto and availability of associated insurance coverage coverages; and expectation for different financial, enterprise and / or aggressive components.
Ahead–wanting statements essentially contain assumptions, dangers and uncertainties, sure of that are past the Firm’s management. These ahead–wanting statements are certified of their entirety by cautionary statements and danger issue disclosure contained in filings made by the Firm with the Canadian securities regulators, together with the Firm’s monetary statements, associated MD&A and Annual Data Kind for the monetary 12 months ended August 31, 2021 and its interim monetary statements and associated MD&A for the three and 6 months ended February 28, 2022all filed with the securities regulatory authorities in all provinces and territories of Canadabesides Quebec, and accessible beneath the Firm’s profile at www.sedar.com. The danger components will not be exhaustive of the components which will have an effect on the Firm’s ahead–wanting statements. The Firm’s ahead–wanting statements are based mostly on the relevant assumptions and administration components thought of cheap as of the date hereof, based mostly on the knowledge accessible to the administration of the Firm at such time. The Firm doesn’t assume any obligation to replace ahead–wanting statements if circumstances or administration’s beliefs, expectations or opinions ought to change apart from as required by relevant securities legal guidelines. There might be no assurance that ahead–wanting statements will show to be correct, and precise outcomes, efficiency or achievements may differ materially from these expressed in, or implied by, these ahead–wanting statements. Accordingly, undue reliance shouldn’t be positioned on ahead–wanting statements.
SOURCE Numinus Wellness Inc.