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Nyquvest on Numinus MDMA Therapy Prospects

By Shadd Dales On Jul 20, 2023

On the last Trade To Black podcast, we round tabled our thoughts on Numinus Wellness’ Q3 report and the company’s activities. This podcast, we welcome back Numinus Founder & CEO, Payton Nyquvest. During this TDR Psychedelics Exclusive, he’ll share his own thoughts on Numinus’ Q3 performance, their clinical models, and prospects for MDMA assisted therapy.

Nyquvest explains their latest earnings report from his perspective as CEO. We have known that the company has been focusing on a clinical model, but does he feel confident in that paying off? Part of that talk about the clinical model involves the company’s current financial status, and how its focus is affecting revenue.

It’s clear that Numinus Wellness (TSE: NUMI) is acting out a strategy, and part of that is working towards building a network of practitioners and facilities. MDMA and using it in therapy settings is still not approved. How confident does Nyquvest feel that eventually that approval is going to happen?

Turning to the subject of the recent MAPS Psychedelic Conference, we discuss some of the triggers that happened. It was an amazing event, with over 500 speakers on the subject of psychedelics and their potential.

As we dive deeper into Numinus’ financial and infrastructure strategies, we ask more about the company’s elevated cash burns. How is can their financial model can still assure a bullish outlook considering the cash burns that the company has been experiencing for months, and how long will they be doing this?

As you may know, we’ve been watching companies in the cannabis space moving towards listings on the TSX, with an eye towards eventual NASDAQ listing. Are there any plans for bringing Numinus Wellness to a NASDAQ listing itself? Nyquvest explains where this is on their priority list. After all, he reminds us, getting listed is not a cheap process. As people begin to look around for more MDMA assisted therapies, with MAPS still being a private entity, Numinus moving towards going public may be just a matter of timing.

Will readouts become the catalysts of the industry? And who is Numinus’ New CFO? Tune in to this episode to find out!

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* In accordance with an executed agreement between The Dales Report and Numinus Wellness, The Dales Report is engaged with the aforementioned on a 12-month contract for $10,000 per month, with the purpose of publicly disseminating information pertaining to Numinus Wellness via The Dales Report’s media assets, encompassing its website, diverse social media platforms, and YouTube channel. Compensation for The Dales Report services involves the receipt of a predefined monetary consideration, which may, on certain occasions, encompass ordinary shares in instances where monetary compensation was not obtained. In such instances where share compensation was received, The Dales Report hereby asserts the right to engage in the acquisition or disposition of such shares subsequent to the conclusion of the aforementioned contractual period, in compliance with provincial, state, and federal securities regulations. Please refer to the “Disclosures” section below, which is to be interpreted in conjunction with this disclaimer.

Shadd Dales is the Founder and President of The Dales Report and has an extensive background in the business media industry.

His work translates into over 15 years in mainstream media that included roles with BNN Bloomberg, CTV Properties and the iHeart Radio Network.

Shadd is considered one of the leading on air talents in both the cannabis and psychedelic space and has interviewed some of the most notable CEO names in the industry.

Shadd’s vision is to establish a content platform that is equivalent to a mainstream broadcast produced in a format that is relevant for today’s investor.