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Optimi Health Corp
Symbol OPTI
Shares Issued 92,366,691
Close 2024-06-03 C$ 0.47
Market Cap C$ 43,412,345
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FP/wire say Optimi Health gets export licence

2024-06-04 09:15 ET - In the News

The Financial Post reports in its Tuesday edition that Canada has licensed a start-up to export psychedelics to Australia for patient use, the latest milestone in a contest to supply the potential growth of medical psychedelic drugs. A Bloomberg dispatch to the Post says that Health Canada awarded a drug establishment licence to Optimi Health, allowing it to ship pills containing the magic-mushroom-extract psilocybin and MDMA -- controlled and otherwise-illegal substances -- to a provider in Australia. The Vancouver company hopes the certificate will help pave the way to an expanded market for psychedelic drugs as pharmaceuticals while giving it an early-mover advantage. Seven companies have legally exported psilocybin, MDMA or both from the country so far, all for clinical trial purposes, Canada's health department said. It declined to name the seven companies, citing security reasons. The milestone puts Optimi among a small club of legal international suppliers of psychedelic drugs, according to chairman J.J. Wilson, its co-founder and the son of Lululemon athletica founder Chip Wilson. Optimi's vision is "to be the largest scalable quality manufacturer made available globally of psilocybin and MDMA," he said.

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