{"id":55475,"date":"2023-04-04T01:03:10","date_gmt":"2023-04-03T23:03:10","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/delic-holdings-corp-signs-loi-with-peter-petramd-to-acquire-ketamine-wellness-centers-and-facilitate-online-ketamine-treatments-nationwide\/"},"modified":"2023-04-04T01:03:10","modified_gmt":"2023-04-03T23:03:10","slug":"delic-holdings-corp-signs-loi-with-peter-petramd-to-acquire-ketamine-wellness-centers-and-facilitate-online-ketamine-treatments-nationwide","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/delic-holdings-corp-signs-loi-with-peter-petramd-to-acquire-ketamine-wellness-centers-and-facilitate-online-ketamine-treatments-nationwide\/","title":{"rendered":"Delic Holdings Corp. Signs LOI with Peter\/PetraMD to Acquire Ketamine Wellness Centers and Facilitate Online Ketamine Treatments Nationwide"},"content":{"rendered":"
\n

VANCOUVER, British Columbia–(BUSINESS WIRE)–Peter\/PetraMD<\/b>, the largest online provider of hormone therapy for men and women in the United States, today announced the intent to acquire Ketamine Wellness Centers. If successful, the acquisition would represent an incredible on-ramp into the ketamine space for Peter\/PetraMD. With over 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 US and only a handful to accept most major insurances.<\/p>\n

<\/a><\/p>\n

\nPeter\/PetraMD<\/b> has said they intend to maintain continuity of care for current patients of Ketamine Wellness Centers while also seeking to expand into the national market with the knowledge and expertise provided by leadership. \u201cI 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,\u201d said Dr. Bryan Henry, founder and a former combat veteran who is currently a successful ketamine patient. \u201cThis is a chance for more of our veteran community to have access to the care they desperately need,\u201d Dr. Henry relays.<\/p>\n

\nPeterMD<\/b> will pay US$1.15 Million in tranches over twelve months plus the assumed existing debt to buy KWC subject to due diligence period, negotiation of a definitive agreement and US$100,000 non refundable deposit. \u201cWe understand telemedicine, and we understand what it is our patients want\u2014they want to feel better, they want to get better, and they want to live better lives. This acquisition would definitely further our mission to provide affordable and equitable access to healthcare across the nation,\u201d said Cutter Streeby, Chief Growth Officer.<\/p>\n

\nAbout Delic Holdings Corp.<\/b><\/p>\n

\nDelic<\/i><\/a> (CSE: DELC) (OTCQB: DELCF) (FRA: 6X0) 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 the largest chain of psychedelic wellness clinics in the country, <\/i>Ketamine Wellness Centers<\/i><\/a>; the only licensed entity by Health Canada to focus exclusively on research and development of psilocybin vaporization technology, <\/i>Delic Labs<\/a>;<\/i> the premier psychedelic wellness event, <\/i>Meet Delic<\/i><\/a>; and trusted media and e-commerce platforms <\/i>Reality Sandwich<\/i><\/a> and<\/i> Delic Radio<\/i><\/a>. 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 options.<\/i><\/p>\n

\nForward-Looking Information and Statements<\/b><\/p>\n

\nThis press release contains certain “forward-looking information” within the meaning of applicable \u200eCanadian securities \u200elegislation and may also contain statements that may constitute “forward-looking \u200estatements” within the meaning of \u200ethe safe harbor provisions of the United States Private Securities \u200eLitigation Reform Act of 1995. Such forward-looking \u200einformation and forward-looking statements are not \u200erepresentative of historical facts or information or current \u200econdition, but instead represent only the \u200eCompany’s beliefs regarding future events, plans or objectives, many of \u200ewhich, by their nature, are \u200einherently uncertain and outside of Delic’s control. Generally, such forward-looking \u200einformation or \u200eforward-looking statements can be identified by the use of forward-looking terminology such as \u200e\u200e”plans”, \u200e\u200e”expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, \u200e\u200e\u200e”anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may \u200econtain \u200estatements that certain actions, events or results “may”, “could”, “would”, “might” or “will be \u200etaken”, “will continue”, \u200e\u200e”will occur” or “will be achieved”. The forward-looking information and forward-\u200elooking statements contained herein \u200emay include, but are not limited to: information regarding the timing or terms upon which the Transaction will be completed; potential benefits of the Transaction; anticipated continued growth in the health and wellness sector (and, in particular, related to psychedelics); the ability of Delic to successfully achieve business \u200eobjectives, \u200eand expectations \u200efor other economic, \u200ebusiness, and\/or competitive factors.\u200e<\/p>\n

\nBy identifying such information and statements in this manner, Delic is alerting the reader that \u200esuch \u200einformation and statements are subject to known and unknown risks, uncertainties and other factors \u200ethat may cause \u200ethe actual results, level of activity, performance or achievements of Delic to be \u200ematerially different from those \u200eexpressed or implied by such information and statements. Such risks and other factors may include, but are not limited to: risks and uncertainties relating to the Transaction not closing as planned or at all or on terms and conditions set forth in the Merger Agreement; incorrect assessment of the value and potential benefits of the Transaction; direct and indirect material adverse effects from the COVID-19 pandemic; inability to obtain future financing on suitable terms; failure to obtain required regulatory and other approvals; risks inherent in the psychedelic treatment sector; changes in applicable laws and regulations; and failure to comply with applicable laws and regulations.<\/p>\n

\nIn addition, in connection with the forward-looking \u200einformation and forward-looking statements contained in this press \u200erelease, Delic has made certain \u200eassumptions. These assumptions include, but are not limited to: assumptions as to the time required to negotiate a definite agreement and complete matters related to the Transaction; the ability to consummate the Transaction; \u200ethe ability of the parties to \u200eobtain, in a timely manner, the requisite regulatory, corporate and other third party approvals and the satisfaction of \u200eother conditions to the \u200econsummation of the Transaction on the proposed terms; the potential impact of the announcement or consummation of the Transaction on \u200erelationships, \u200eincluding with regulatory bodies, employees, suppliers, customers and competitors; \u200echanges in general economic, \u200ebusiness and political conditions, including changes in the financial \u200emarkets; changes in applicable laws; compliance \u200ewith extensive government regulation; and the diversion \u200eof management time on the Transaction.\u200e<\/p>\n

\nShould one or more of these risks, uncertainties or other factors materialize, or should assumptions \u200eunderlying the \u200eforward-looking information or statements prove incorrect, actual results may vary \u200ematerially from those described \u200eherein as intended, planned, anticipated, believed, estimated or \u200eexpected.\u200e<\/p>\n

\nAlthough Delic believes that the assumptions and factors used in preparing, and the expectations \u200econtained \u200ein, the forward-looking information and statements are reasonable, undue reliance should not \u200ebe placed on such \u200einformation and statements, and no assurance or guarantee can be given that such \u200eforward-looking information and \u200estatements will prove to be accurate, as actual results and future events \u200ecould differ materially from those anticipated \u200ein such information and statements. The forward-looking \u200einformation and forward-looking statements contained in this \u200epress release are made as of the date of \u200ethis press release, and Delic does not undertake to update any \u200eforward-looking information \u200eand\/or forward-looking statements that are contained or referenced herein, except in \u200eaccordance with \u200eapplicable securities laws. All subsequent written and oral forward-looking information and \u200estatements \u200eattributable to Delic or persons acting on its behalf is expressly qualified in its entirety by this \u200e\u200enotice.\u200e<\/p>\n

Contacts<\/b> <\/p>\n

\nExecutive Chairman
\n
Matt Stang
\n
(602) 807-1889<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

VANCOUVER, British Columbia–(BUSINESS WIRE)–Peter\/PetraMD, the largest online provider of hormone therapy for men and women in the United States, today announced the intent to acquire Ketamine Wellness Centers. If successful, the acquisition would represent an incredible on-ramp into the ketamine space for Peter\/PetraMD. With over 20 years of experience and nearly 100,000 patients across the … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-55475","6":"format-standard","7":"category-industry"},"yoast_head":"\nDelic Holdings Corp. 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