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Numinus Wellness Inc T.NUMI

Alternate Symbol(s):  NUMIF

Numinus Wellness Inc. is a mental health care company. The Company focuses on advancing traditional and behavioral health treatments with a focus on safe, evidence-based psychedelic-assisted therapies. Its segments include Clinical research operations, Practitioner Training, Clinic network, and Corporate. Clinical research operations segment is focused on licensed psychedelic research and provides clinical research management services to academic institutions and biotechnology companies. Practitioner Training segment is engaged in education and training for research and drug development organizations to support clinical trials and commercialization efforts. Clinic network segment includes wellness clinics, which is engaged in providing clinical services from psychedelic-assisted therapies, transcranial magnetic stimulation, and psychiatric and medical model management. Corporate segment includes finance, marketing, information technology, legal, and human resources.


TSX:NUMI - Post by User

Comment by Investor10Xon Nov 14, 2024 4:47pm
75 Views
Post# 36313638

RE:RE:Share Price

RE:RE:Share PriceIt should be obvious as to why MDMA is going up.  In only a few months they have signed agreements with a number of high profile hospitals and universities (John Hopkins, Mt. Sinai, Harvard, Yale, Texas University)   I'm sure there are many more agreements on the horizon.  Similar company's in the sector have market caps between 250 million to over 600 million.  So lots of upside to come.

As for NUMI, I would say when the tide rises in a sector it lifts all boats.  At this point, I have not seen a single news release which justifies their price increase, but I would assume NUMI will benefit with the new incoming administration in the US as they seem friendly towards psychedelic research and the benefits of using MDMA-assisted therapy for treatment.  So NUMI would benefit from this.  
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