Optimi Health Receives Export Permit from Health Canada to Ship MDMA To Tel Aviv University's Institute for Psychedelic Research
May 09 2024 - 8:00AM
Optimi Health Corp. (CSE: OPTI) (OTCQX: OPTHF) (FRA: 8BN), a
leading Health Canada licensed GMP psychedelics pharmaceutical
manufacturer, specializing in controlled substances such as
botanical psilocybin and MDMA, is pleased to report a significant
update to its collaboration with The Institute for Psychedelic
Research at Tel Aviv University (IPR-TLV).
Optimi has obtained the Export Permit required
from Health Canada for the shipment of its in-house manufactured
MDMA active pharmaceutical ingredient (API) to IPR-TLV. With the
Export Permit confirmed, Optimi will be one of the first
psychedelics pharmaceutical manufacturers to ship MDMA to the
country.
"Partnering with IPR-TLV and shipping MDMA to
Israel marks a significant advancement for Optimi," said Bill
Ciprick, CEO of Optimi Health. "As a supplier with the ability to
produce GMP psychedelic pharmaceuticals on demand, we are proud to
be furthering our mission of supporting psychedelic research and
innovation on a global scale.”
In March, Optimi and IPR-TLV unveiled their
collaboration, revealing that the MDMA API would support the
institute's study on the impact of MDMA on alcohol addiction.
Optimi Health Chief Financial Officer, Jacob
Safarik, commented, "Obtaining an Export Permit to ship controlled
substances globally involves a meticulous process that demands
collaboration from various stakeholders. We extend our gratitude to
IPR-TLV and Health Canada for their partnership and cooperation in
navigating this intricate procedure alongside our team at
Optimi."
About MDMA-HCL
- Fully synthesized in-house at
Optimi’s 10,000 sq ft cultivation and formulation facility in
Princeton, British Columbia.
- Materials used to formulate
MDMA-HCL were obtained through the Company’s Health Canada
Precursor License.
- The material was tested internally
and with third party analytical laboratories.
- The identity of the material has
been confirmed through a variety of analytical techniques,
including NMR spectroscopy, and assay testing which shows purity of
the product of over 99%.
- The Company synthesized multiple
batches of MDMA-HCL in multi-gram quantities to fulfill the
order.
For media inquiries, please contact Michael Kydd:
michaelk@optimihealth.ca902.880.6121
For investor inquiries, please contact:
investors@optimihealth.ca
www.optimihealth.ca
ABOUT OPTIMI (CSE: OPTI) (OTCQX: OPTHF)
(FRA: 8BN)
Optimi Health Corp. is a leading Health Canada
licensed psychedelics pharmaceutical manufacturer, specializing in
controlled substances such as botanical psilocybin and MDMA, as
well as functional mushrooms that focus on the health and wellness
markets. Built with the purpose of producing scalable psychedelic
formulations for transformational human experiences, the Company’s
goal is to be the number one trusted, compassionate supplier of
safe drug candidates throughout the world. Optimi’s products are
grown and manufactured at its two facilities comprising a total of
20,000 square feet in Princeton, British Columbia.
FORWARD‐LOOKING
STATEMENTS
This news release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities legislation (collectively, “forward-looking
statements”) that relate to Optimi’s current expectations and views
of future events. Any statements that express, or involve
discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always,
through the use of words or phrases such as “will likely result,”
“are expected to,” “expects,” “will continue,” “is anticipated,”
“anticipates,” “believes,” “estimated,” “intends,” “plans,”
“forecast,” “projection,” “strategy,” “objective,” and “outlook”)
are not historical facts and may be forward-looking statements and
may involve estimates, assumptions and uncertainties which could
cause actual results or outcomes to differ materially from those
expressed in such forward-looking statements. forward-looking
statements made in this news release include the proposed use of
the proceeds of the Offering. No assurance can be given that these
expectations will prove to be correct and such forward-looking
statements included in this news release should not be unduly
relied upon. These statements speak only as of the date of this
news release.
Forward-looking statements are based on a number
of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond Optimi’s control, which
could cause actual results and events to differ materially from
those that are disclosed in or implied by such forward-looking
statements. Optimi undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law. New
factors emerge from time to time, and it is not possible for Optimi
to predict all of them or assess the impact of each such factor or
the extent to which any factor, or combination of factors, may
cause results to differ materially from those contained in any
forward-looking statement. Any forward-looking statements contained
in this news release are expressly qualified in their entirety by
this cautionary statement.
Neither the Canadian Securities Exchange nor the
Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
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