Numinus Wellness Inc. Acquires Novamind Inc.

April 12, 2022

Numinus Wellness Inc. agreed to acquire all issued and outstanding common shares of Novamind Inc. in an all‑share, court‑approved plan of arrangement valued at approximately C$26.2 million (fully diluted). The deal, expected to close in June 2022, creates a combined operator with 13 wellness clinics, approximately C$10 million in pro‑forma annual revenue, and an expected C$3 million in annual cost synergies.

Buyers
Numinus Wellness Inc.
Targets
Novamind Inc.
Location
Canada
Transaction Type
Buyout

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