Mr. Bill Ciprick reports

OPTIMI HEALTH COMPLETES HARVEST OF PSILOCYBE CUBENSIS FOR DELIVERY TO THE AUSTRALIAN MEDICAL MARKET

Optimi Health Corp. has completed its harvest of Psilocybe cubensis earmarked for export to Australia.

This milestone builds off the previously announced commitment to supply both its GMP (good manufacturing practice) medical-grade psilocybin extract and MDMA (3,4-methylenedioxy-methamphetamine) to Mind Medicine Australia in advance of the historic rescheduling of these substances to be enacted on July 1, 2023.

In preparation for the international export, the company harvested 300 kilograms of Psilocybe cubensis mushrooms at its Canadian GMP manufacturing facility in Princeton, B.C., Canada. Medical-grade GMP psilocybin is set to be extracted from the mushrooms, processed and shipped to Australia, where it will be sold to other licensed entities in the Australian medical market through Mind Medicine Australia and the company's representatives.

In the Feb. 3, 2023, landmark rescheduling decision, Australia's Therapeutic Goods Administration (TGA) permitted "the prescribing of MDMA for the treatment of posttraumatic stress disorder and psilocybin for treatment-resistant depression ... where there is currently sufficient evidence for potential benefits in certain patients."

"The evidence-based decision by the TGA to reschedule psilocybin and MDMA is a positive step for the future of mental health and a monumental undertaking in logistics," said Optimi Health chief executive officer Bill Ciprick. "To be entrusted as the exclusive supplier to Mind Medicine Australia, the largest Australian trainer of psychedelic-assisted therapy practitioners, is both an honour and a tremendous responsibility. I am proud to say that thanks to our unmatched production capacity and with the support of our operations team, Optimi is excited to deliver on our international supply commitments in advance of the rescheduling date."

The psilocybin extract from the latest harvest will be tested, analyzed and validated by a third party laboratory prior to being shipped to Australia. On completion of analysis, the product will be processed and encapsulated at the company's licensed Princeton, B.C., facility in preparation for export, pending the appropriate permits.

About Optimi Health Corp.

Optimi Health is an end-to-end drug researcher and formulator licensed by Health Canada to produce and supply, for clinical research purposes and controlled patient markets, psychedelic substances such as 3,4-methylenedioxy-methamphetamine (MDMA), natural GMP-grade psilocybin, as well as functional mushrooms that focus on the health and wellness markets. Built with the purpose of producing scalable psychedelic formulations for transformational human experiences, the company's goal is to be the No. 1 trusted, compassionate supplier of safe drug products throughout the world. Optimi's products are grown and manufactured at its two facilities comprising a total of 20,000 square feet in Princeton, B.C.

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