"This acquisition elevates our collective service offering, and we look forward to helping an even greater number of people access effective and safe treatments to support mental wellness," said Payton Nyquvest, Founder and CEO, Numinus. On a proforma basis, the combined business generated C$11.9 million of annual revenues (trailing four quarters reported, as at June 10, 2022). The transaction has also provided a strong US platform for potential continued growth in partnership and acquisition opportunities. Numinus and Novamind clients will benefit from access to a greater variety of services and treatments over the coming months, including the expansion of virtual therapy services at US-based clinics and increased group therapy offerings in Canada. This acquisition significantly grows Numinus' client service offerings, geographic reach, and revenues. As a result of the acquisition, Numinus now operates 13 wellness clinics, four clinical research facilities and a dedicated psychedelics research lab – positioning the company as a leading integrated mental wellness company providing ketamine- and psychedelic-assisted therapies. ("Novamind") has completed, following Novamind's receipt of a final order from the BC Supreme Court. ("Numinus", the "Company") (TSX: NUMI) (OTCQX: NUMIF) is pleased to announce the acquisition (the "Transaction") of Novamind Inc. VANCOUVER, BC, J/CNW/ - Numinus Wellness Inc. Michael Tan has been promoted to President and Chief Operating Officer Reid Robison has been appointed Chief Clinical Officer and Paul Thielking has been appointed Chief Science Officer Novamind shareholders and RSU holders have been issued 0.84 Numinus shares per Novamind shareĪs a result of the acquisition, Novamind has ceased trading on the Canadian Securities Exchange (CSE) The company has a host of diversified, yet complementary revenue streams through its three business segments: Registry Operations, Services and Technology Solutions.Transaction has completed following shareholder and court approvals Information Services Corporation provides registry and information management services for public data and records.
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The group also told investors it would actively explore appropriate acquisition targets in 2022 that "complement or add value to our existing lines of business or provide new key service offerings that will also drive value". "In Technology Solutions, we expect to see continued progress and completion of solution delivery projects where COVID-19 and other related delays have resulted in certain milestones being deferred to 2022," it added. ISC (TSX:ISV) said it expected Services to "continue to deliver organic growth in 2022," aided by continuous technology advancements driving operational efficiency and new product innovation. "Additional investments in 2022 related to people and technology will be made within this segment to ensure continued high levels of service as well as secure and efficient systems," it added.
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"Consequently, we expect that Registry Operations will continue to be a robust contributor to our results in 2022, due largely to the strong cash flow this business generates on a consistent basis," it said.
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Net income is expected to reach between C$23 and C$27 million and earnings before interest, taxes, depreciation and amortization (EBITDA) for the full year to be between C$48 and C$53 million.īoth registry operations and services - the group's two largest segments - benefitted from a strong economy in 2021, the former mainly due to the robust real estate sector in Saskatchewan, the company noted. Information Services Corporation has said it expects the resilience the business has shown in 2021 to continue this year and is guiding for revenue to come in between C$168 million and C$173 million for 2022.