VANCOUVER, British Columbia, October 16, 2020 (GLOBE NEWSWIRE) – MYDECINE INNOVATIONS GROUP, INC., (CSE: MYCO) (OTC: MYCOF) (FSE: 0NFA) (Mydecine or the company) is pleased to announce the appointment of UK company Boustead Capital Markets LLP (Boustead) to initiate the process of dual listing on the London Stock Exchange (LSE or the Stock Exchange) for admission of Companys common stock to the standard segment of the main market on official lists.
Among the factors considered by the Company in pursuing dual listing, Mydecine noted that LSE currently has a limited number of biotech companies focused on psychedelics. Mydecine, as a contributing member of Drug Science UK, the only fully independent and science-driven pharmaceutical charity, believes that listing on the LSE will give UK and EU investors greater and more local exposure to a new high quality investment choice of a type of business. currently not available on the Exchange.
Boustead’s appointment by Mydecines allows him to begin the LSE registration process and follow through on his intention to trade the company’s common stock on the main market over the next several months. In addition to its current listings in Canada, the United States and Germany, the Company believes that a listing on the LSE makes it well positioned to integrate European investors into the Company’s share register.
The LSE listing should provide all investors with access and exposure to:
- European investor base in what the company considers psychedelic-friendly countries such as the Netherlands, UK, Austria and Portugal, to name a few
- Support early and late phase clinical trials
- Expansion of the company’s telehealth platform; Mindleap Health
- Continued development of a vast intellectual property portfolio
- Pursue the development of new types of psilocybin-based drugs and unique formulations
Josh Bartch, CEO and Chairman of Mydecine Innovations Group, commented: The Board of Directors has met on several occasions to decide on the best path and location for the re-listing of the company’s securities, thus strengthening our focus on shareholder value. We have decided that the LSE represents the best stock exchange for our investors, our shareholders and the continued growth of the company. Additionally, it provides an excellent platform to measurably advance our investor reach within the European investor community. An LSE listing offers a number of opportunities to accelerate other potential listings on exchanges such as the NASDAQ or the NYSE. The Mydecine Innovations Group has a global reach through the company’s various clinical trials, research facilities, partners and planned scientific advisors, some of which are located directly in the UK.
About the London Stock Exchange
The London Stock Exchange was founded in 1571 during the reign of Elizabeth I in London, England. The LSE is the 4th largest stock exchange in the world (based on the total market value of its listed companies) and is currently ranked 7th in terms of overall liquidity. As of August 2020, companies listed on the London Stock Exchange had a combined market capitalization of approximately US $ 4 trillion (~ £ 3,084.232,000,000). Its current premises are located on Paternoster Square, close to Saint Paul’s Cathedral. It is part of the London Stock Exchange Group (LSEG), which is listed on the stock exchange.
About Boustead & Company Limited
Boustead & Company Limited is a diversified and comprehensive non-bank financial institution with offices in Los Angeles, New York, San Francisco, London and Beijing that is rapidly expanding into growing markets in the United States and Asia. Through its officers and fully licensed subsidiaries, Boustead & Company has a wealth of experience and exceptional capabilities in executing transactions in the financial markets and provides the best one-stop-shop financial services to its clients. The Bousteads comprehensive financial services platform consists of four business units: Boustead Securities, LLC, a US-based FINRA broker / trader and middle market investment bank; Sutter Securities Group, Inc., which has four FINRA-regulated entities: Sutter Securities, Inc., Sutter Securities Clearing, LLC and FlashFunders Funding Portal, LLC, as well as Sutter Securities Financial Services, Inc., Sutter Capital Partners, LLC has California Registered Investment Advisor; and Boustead Capital Markets LLP, regulated as appointed representative in the UK. For more information, please visit www.bousteadco.com.
On behalf of Boustead & Company
Dan McClory, CEO
About Boustead Capital Markets, LLP
Boustead Capital Markets, LLP, based in London, advises on a wide range of corporate finance assignments across many industries, and is an appointed representative of Thornbridge Investment Management LLP which is authorized and regulated by the FCA. Boustead Capital Markets is a majority owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution.
On behalf of Boustead Capital Markets,
David Peerless, Director
About Mydecine Innovations Group Inc.
Mydecine Innovations Group (CSE: MYCO) is a publicly traded life sciences syndicate with offices in Denver, CO, USA and Vancouver, BC, Canada. Mydecine is dedicated to the development and production of adaptive medicine and natural health products, all derived from fungi. Mydecines’ multi-talented, experienced team has the dynamic capabilities to oversee all areas of Schedule I drug development including, but not limited to, synthesis, genetic research, mechanism design. administration, performance of clinical trials; through to global product commercialization, commercialization and distribution of spores for sale of APIs of psilocybin cGMP and medicinal non-psychedelic mushrooms. By leveraging strategic partnerships with global scientific, medical, clinical and veteran organizations; Mydecine is well positioned at the forefront of natural medicine, alternative therapies and fungal vitality consumer goods. Our portfolio of unified companies, including Mydecine Health Sciences, Mindleap Health and NeuroPharm, are focused on delivering innovative and effective solutions that can help millions of people live better lives.
For more information on Mydecine Innovations Group, Inc., please see the Company Profile on SEDAR at www.sedar.com or visit the Companys website at www.mydecine.com.
On behalf of the board of directors of
Joshua Bartch, Managing Director
Charles Lee, Investor Relations
Cynthia Salarizadeh, Public Relations
The Canadian Stock Exchange has neither approved nor disapproved of the contents of this press release and accepts no responsibility for the adequacy or accuracy thereof. This press release contains forward-looking statements that relate to future events or future performance and reflect the current expectations and assumptions of management. These forward-looking statements reflect the current beliefs of management and are based on assumptions and information currently available to the company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties which may cause future results to differ materially from those expected, including, without limitation, the availability and continuity of funding, the company’s ability to adequately protect and enforce its intellectual property, the company’s ability to bring its products into commercial production, the continued growth of the global adaptive medicine, healthcare products industries natural and digital health, and the risks presented by the highly regulated and competitive market for the development, production, sale and use of the Company’s products. Although the company has attempted to identify material factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause actual results to differ materially. planned, estimated or planned. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. These forward-looking statements are made as of the date hereof and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable securities legislation. This press release does not constitute an offer to sell securities and the Company is not soliciting an offer to purchase securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. This press release does not constitute an offer to sell any securities in the United States. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold in the United States or to any person. United States unless so registered, or a registration exemption is claimed.
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