Executes on Strategic Targets to Disrupt the Psychological Well being and Wellness Market

Enters Strategic Acquisition Letter of Intent with NetraMark, Corp. to Improve AI and
Machine Studying Capabilities

Expands Distribution Footprint for Nutraceutical Merchandise to the Canadian Market

Invests in Expertise with Know-how to drive app growth

TORONTO, Aug. 30, 2021 /CNW/ – Nurosene Well being Inc. (“Nurosene” or the “Firm”) (CSE: MEND) (Frankfurt: 8TV) (OTC: MNNDF), a healthtech firm centered on constructing a technology of higher brains, at this time reported fiscal third quarter outcomes for the interval quarter ended June 30, 2021, and is offering shareholders with an replace on its operational accomplishments up to now and long-term development goals.

Nurosene Brand (CNW Group/Nurosene Well being Inc.)

Fiscal Third Quarter 2021 and Subsequent Operational Updates

  • Efficiently closed an oversubscribed preliminary public providing and started buying and selling on the CSE beneath the ticker image “MEND”, with gross proceeds of $9.2 million.

  • Developed a psychological well being advisory council of thought leaders with distinctive and numerous experience within the areas of expertise, drugs and athletics.

  • Launched a proprietary line of precision nutraceutical dietary supplements obtainable by way of e-commerce and secured a community of retail distribution companions.

  • Welcomed Joseph Loren as VP of Engineering to steer the Firm’s ongoing growth efforts of the Nuro software

  • In July, acquired approval from Well being Canada for the distribution of nutraceutical dietary supplements throughout the Canadian market.

  • In August, successfully entered a non-binding letter of intent with Netramark Corp., an AI and pharma-tech firm.

“We have now made excellent progress since our preliminary public providing in June. We have now efficiently executed on a number of initiatives to additional construct our operational infrastructure and enterprise by way of specialised product choices and important strategic partnerships,” mentioned Ranj Tub, CEO of Nurosene. “The Firm closed the quarter with a money steadiness of $eight million and dealing capital of $7.four million which units the Firm in good stead on the trail ahead to additional safe Nurosene’s place as a pioneer of proprietary options to assist deal with the rising psychological well being disaster.”

Story continues

Mr. Tub continued, “We’re striving to disrupt the psychological well being and wellness house by forming complete therapeutic and technology-based options by way of accretive strategic partnerships. Most notable is our lately introduced letter of intent with Netramark, with the potential to supply AI and information analytic expertise to drive the following technology of the Nuro app, specializing in preventative therapeutics and providing customized psychological wellness packages. As well as, we accomplished a monumental step by receiving Well being Canada’s approval to distribute our nutraceutical dietary supplements by way of retail and e-commerce channels within the Canadian market. We stay dedicated to our mission to construct higher mind well being, as our purpose is to create an environment friendly and built-in answer to seize each the healthcare and client items markets.”

For the total Q3 interim monetary report, please go to sedar.com

About Nurosene
Nurosene gives people with instruments and expertise that empower them to take management of their psychological wellness. Our mission is to construct the following technology of higher, more healthy brains by leveraging technological developments in AI and machine studying. With our group of consultants and companions, Nurosene is positioned at the forefront of important analysis and improvements, striving to disrupt conventional psychological wellness therapies. The corporate relies in Toronto, Ontario.

For extra data, go to www.nurosene.com.

Ahead-Trying Statements

This press launch accommodates “forward-looking data” inside the which means of relevant Canadian securities laws which relies upon Nurosene’s present inside expectations, estimates, projections, assumptions and beliefs, and views of future occasions. Ahead-looking data may be recognized by way of forward-looking terminology equivalent to “count on”, “doubtless”, “might”, “will”, “ought to”, “intend”, “anticipate”, “potential”, “proposed”, “estimate” and different comparable phrases, together with damaging and grammatical variations thereof, or statements that sure occasions or circumstances “might”, “would” or “will” occur, or by discussions of technique. Ahead-looking data consists of estimates, plans, expectations, opinions, forecasts, projections, targets, steerage, or different statements that aren’t statements of reality. Particularly, this information launch accommodates ahead wanting statements regarding, amongst others, actions of the Firm’s and its Monetary Outcomes for the third quarter of the 2021 Monetary 12 months.

Any forward-looking data speaks solely as of the date on which it’s made, and, besides as required by legislation, Nurosene doesn’t undertake any obligation to replace or revise any forward-looking data, whether or not because of new data, future occasions or in any other case. New components emerge infrequently, and it isn’t doable for Nurosene to foretell all such components. When contemplating these forward-looking statements, readers ought to take into account the chance components and different cautionary statements in Nurosene Last Lengthy Kind Prospectus dated Might 20, 2021 and filed with the relevant Canadian securities regulatory authorities on SEDAR at www.sedar.com. The chance components and different components famous in Nurosene Last Lengthy Kind Prospectus might trigger precise occasions or outcomes to vary materially from these described in any forward-looking data.

The CSE doesn’t settle for accountability for the adequacy or accuracy of this launch.

SOURCE Nurosene Well being Inc.



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