Numinus Wellness to Acquire MedBright AI Investments Inc.
June 20, 2024
Numinus Wellness Inc. has executed a letter of intent to acquire MedBright AI Investments Inc. via a statutory plan of arrangement, with Numinus issuing approximately 1.86 shares per MedBright share (≈204.7M shares, ~39% pro forma). The deal combines MedBright's AI-enabled clinical solutions with Numinus' clinic operations and psychedelic-assisted therapy expertise to AI-enable mental health clinics across the U.S. and strengthen the combined company's path to revenue growth and positive EBITDA.
- Buyers
- Numinus Wellness Inc.
- Targets
- MedBright AI Investments Inc.
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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