Michael Tan
appointed Chief Executive Officer, with Payton Nyquvest
appointed Executive Chair.
VANCOUVER, BC, Jan. 23,
2025 /CNW/ - Numinus Wellness Inc. ("Numinus" or
the "Company") (TSX: NUMI) (OTCQX: NUMIF) (FSE: LR23), a mental
healthcare company advancing traditional and innovative behavioral
health treatments including safe, evidence-based
psychedelic-assisted therapies, announces that Michael Tan has been appointed CEO of the
Company, with Payton Nyquvest
transitioning to the role of Executive Chair.
Michael Tan has been appointed
CEO of the Company, succeeding Payton
Nyquvest, who will transition to the role of Executive
Chair. Michael joined Numinus as Chief Operating Officer in 2019,
prior to its initial listing, and added the role of President to
his responsibilities in 2022. Over the years, he has overseen the
Company's operations, M&A activities, and organizational
realignments. In his new role, Michael will prioritize
strengthening Numinus' clinical research and practitioner
training programs while aligning the Company's focus to better
address emerging opportunities in mental health care. Before
joining Numinus, Michael held senior leadership positions at
organizations including the BC Liquor Distribution Branch, Hudson's
Bay, Saks Fifth Avenue, and UPS.
"I am committed to leading Numinus forward and pursuing
opportunities for growth where we can create meaningful impact,"
said Michael Tan, CEO of Numinus.
"Our efforts will remain focused on advancing the areas of the
business that show the most promise."
In his new role as Executive Chair, Payton Nyquvest will continue to play an active
role in the Company, focusing on informing on corporate strategy,
investor relations, and strategic partnerships. As a pioneer in the
psychedelic therapy sector, Numinus will benefit from his extensive
experience, network, and corporate finance acumen.
"As I transition from CEO to Executive Chair, I look forward to
supporting the leadership team and contributing to the Company's
ongoing priorities," added Payton
Nyquvest.
The Company also announced that Allen
Morishita has resigned from its Board of Directors. Allen
has served on the Board since Numinus' inception, and the Company
thanks him for his expert guidance and counsel.
About Numinus
Numinus Wellness Inc. (TSX: NUMI) helps
people to heal and be well through the development and delivery of
innovative mental health care and access to safe, evidence-based
psychedelic-assisted therapies. The Numinus model –
technology-driven clinic support, clinical trial research and
comprehensive practitioner training – is at the forefront of a
transformation aimed at healing rather than managing symptoms of
depression, anxiety, trauma, pain and substance use. At Numinus, we
are leading the integration of psychedelic-assisted therapies into
mainstream clinical practice and building the foundation for a
healthier society.
Learn more at www.numinus.com and follow us
on LinkedIn, Facebook, and Instagram.
Forward-looking statements
Statements and other information contained in this press
release about anticipated future events constitute forward-looking
statements. Forward-looking statements are often, but not always,
identified by the use of words such as "seek", "anticipate",
"believe", "plan", "estimate", "expect", and "intend" and
statements that an event "may", "will", "should", "could" or
"might" occur or other similar expressions. Forward-looking
statements are subject to risks and uncertainties and other factors
that could cause actual results to differ materially from those
contained in the forward-looking statements, and other risks that
are set forth in our annual information form dated November 29, 2023, and available on SEDAR at
www.sedarplus.ca. Forward-looking statements
are based on estimates and opinions of management at the date the
statements are made. Numinus does not undertake any obligation to
update forward-looking statements even if circumstances or
management's estimates or opinions should change except as required
by applicable laws. Investors should not place undue reliance on
forward-looking statements.
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SOURCE Numinus Wellness Inc.