4/8/2023 0 Comments Timeless vitamin c serum![]() The transaction is expected to close in June following special meetings of shareholders of both companies. After the transaction, Novamind shareholders would hold about 18% of the company on a pro-forma, fully diluted basis. 20 Vitamin C + E Ferulic Acid Serum - This serum, known as The Brightener promotes healthy cell turnover to decrease the effects of hyperpigmentation and. ![]() The offer price represents a premium of 51% to Novamind’s 20-day volume-weighted average price on the Canadian Securities Exchange. Under the accord, shareholders of Novamind would receive 0.84 of a common share of Numinus for each Novamind share held, implying an offer price of 44 cents per Novamind Share. ![]() Yaron Conforti, CEO of Novamind, said the combined entity is supported with more than $50-million (Canadian) in pro-forma capital and positioned with distinct capabilities to serve a growing and diverse group of stakeholders. “We expect this acquisition will significantly bolster our financial performance, growing Numinus’ annual revenue to more than five times our current levels, and driving meaningful margin improvement through identified operating efficiencies,” he added. platform through eight established, reputable, efficiently operating and revenue-producing clinics,” Payton Nyquvest, CEO of Numinus, said in a statement. “The Novamind acquisition presents a transformational opportunity for Numinus to launch a strong U.S. ![]() The combined company will operate 13 wellness clinics and will be positioned as a leading psychedelic-assisted therapy provider in North America, leading its peer group in revenue with approximately $10-million (Canadian) in annual pro-forma revenue based on the trailing four quarters. Numinus (TSX:NUMI OTCQX:NUMIF) agreed to acquire Novamind (CSE:NM OTCQB:NVMDF FSE:HN2) in a stock swap, by way of a court-approved plan of arrangement, for total consideration of about $26.2-million (Canadian). ![]()
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