Mind Cure Health (CSE: MCUR) (OTCQX: MCURF) (FRA: 6MH) (“MINDCURE”), a leader in advanced proprietary technology for mental health care and research in psychedelics, today announced that its board of directors has formed a special committee of independent directors to initiate a review process to explore, review and evaluate a broad range of strategic alternatives. According to the update, the special committee’s review process will encompass an evaluation of MINDCURE’s current strategic direction, operations, market valuation and capital structure and will consider appropriate alternatives for the company. These may include one or more of the following: continuation as a standalone public company, strategic investor investment, acquisition by or a merger with an industry partner that may involve all or part of the company’s business or assets and any other strategic alternatives that may be identified during the strategic review. “The board continues to support the company’s current strategic priorities. As we recently reported, the company is in a strong financial position with cash and equivalents of $13.4M and a cash runway of a minimum 12 months as at Nov. 30, 2021,” said Philip Tapley, the chair of MINDCURE’s board of directors. “However, the board believes that given the current state of capital markets and the evolving landscape for our industry, a broad review of strategic alternatives is entirely appropriate and in the best interest of the company.”
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About Mind Cure Health Inc.
MINDCURE is a life sciences company focused on innovating and commercializing new ways to promote healing and improve mental health. The company is developing digital therapeutics technology and researching psychedelic compounds to support access to safe, evidence-based, psychedelic-assisted therapies globally. For more information about the company, visit www.MindCure.com.
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