Mind Cure Moves into Psychedelic Assisted Therapy with British Columbia Location Offering Ketamine and Psilocybin Therapy

Mind Cure Health Inc. (CSE: MCUR) (OTCQB: MCURF) (FRA: 6MH) (DTC: MCURF) (“Mind Cure”) is pleased today to announce its plans to open the first Mind Cure Health Center, which will offer psychedelic-assisted mental health therapy to patients as well as training to therapists. Located in Kelowna, British Columbia, the center is scheduled to open in May of 2021, and will offer patients access to therapeutic treatments with ketamine and psilocybin through utilizing Section 56 Exemptions, a legal exemption to Canadian drug laws granted by Health Canada.

“We have always seen our business as caring for individual mental health and wellness on a spectrum, from those who are suffering and are in need of relief to those who are looking for enhanced clarity, focus and overall well-being,” said Mind Cure President and CEO Kelsey Ramsden.

Mind Cure’s first Health Center will enable treatment and study of psychedelic-assisted therapy with personalized and technology enabled care, supporting individuals before, during and after treatment. The Kelowna location will offer eight treatment rooms and will serve a very important role to Mind Cure beyond its therapeutic opportunities. “This first Mind Cure Health Center will also act as a training hub as we advance our training model for therapists who want to offer psychedelic-assisted therapy in their clinics, or who want to better understand the care offered by Mind Cure so that they can feel confident referring patients,” continued Ramsden.

Mind Cure believes that a number of people seeking psychedelic-assisted therapy are not just those seeking relief from depression, migraines, and physical and psychological pain, but also individuals following the lead of executives, first from Silicon Valley and now, around the world, who have been looking to enhance their holistic wellness plans and productivity utilizing these therapeutic experiences. “Kelowna is a logical first location for a Mind Cure Health Center, both because of its proximity to Vancouver and Calgary, International Airports, as well as its growing local population and reputation as a destination city,” said Ramsden.

Mind Cure announced earlier this week that it is initiating its translational research program, focused on psilocybin, ketamine and ibogaine. The first two psychoactive compounds, psilocybin and ketamine, will be the first offered at the Health Center. Mind Cure also plans on rolling out an experience driven by technology for both therapists and patients, to enhance treatment potential and improve post-therapy integration and patient outcomes.

The Company has granted a total of 200,000 stock options to certain employees pursuant to the terms of the Company’s incentive stock option plan (the “Plan”).  The stock options are exercisable at a price of $0.65 and subject to the terms of the Plan.

About Mind Cure Health Inc.

Mind Cure exists as a response to the current mental health crisis and urgent calls for effective treatments. Mind Cure believes in the need to reinvent the mental health care model for patients and practitioners to allow psychedelics to advance into common and accepted care.

Mind Cure is focused on identifying and developing pathways and products that ease suffering, increase productivity, and enhance mental health. Mind Cure is interested in exploring diverse therapeutic areas beyond psychiatry, including digital therapeutics, neuro-supports, and psychedelics, all to improve mental health.

On Behalf of the Board of Directors
Philip Tapley, Chairman
Phone: 1-888-593-8995

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About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.