Delic Holdings (CSE: DELC) (OTCQB: DELCF) (FRA: 6X0), a leader in new medicines and treatments for a modern world, has signed a letter of intent with Peter/PetraMD, the largest online provider of hormone therapy in the United States for the acquisition of Ketamine Wellness Centers. According to the announcement, the acquisition provides an incredible on-ramp into the ketamine space for Peter/PetraMD, which has more than 20 years of experience and nearly 100,000 patients across the United States. Ketamine Wellness Centers is the largest ketamine infusion therapy provider in the country. According to the announcement, Peter/PetraMD plans to maintain continuity of care for current patients while expanding into the national market. The LOI outlines plans for PeterMD to pay $1.15 million in tranches over 12 months plus the assumed existing debt to buy the Ketamine Wellness Centers; the agreement is subject to a due-diligence period, the completion of a definitive agreement and a $100,000 nonrefundable deposit. “I saw an incredible opportunity for Peter/PetraMD to truly expand the footprint and the success of ketamine treatment not only in our veteran population, but also at the national level,” said Peter/PetraMD founder Dr. Bryan Henry in the press release. “This is a chance for more of our veteran community to have access to the care they desperately need.”
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About Delic Holdings
Delic is a leader in new medicines and treatments for a modern world, improving access to health benefits across the country and reframing the conversation on psychedelics. The company owns and operates an umbrella of related businesses, including Ketamine Wellness Centers, the largest chain of psychedelic wellness clinics in the country; Delic Labs, the only licensed entity by Health Canada to exclusively focus on research and development of psilocybin vaporization technology; Meet Delic, the premier psychedelic wellness event; and trusted media and e-commerce platforms Reality Sandwich and Delic Radio. Delic is backed by a team of industry and cannabis veterans and a diverse network, whose mission is to provide education, research, high-quality products and better access to effective and affordable treatment and options. For more information about the company, visit www.DelicCorp.com.
NOTE TO INVESTORS: The latest news and updates relating to DELCF are available in the company’s newsroom at https://ibn.fm/DELCF
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