Psychedelics Company Numinus Wellness Q4 Revenue Grows 81% YoY Thanks To Mindscape Acquisition

Psychedelics-focused mental health care company Numinus Wellness Inc. (TSXV: NUMI) (OTCQX: NUMIF) announced its fiscal fourth quarter and full-year results Thursday for the periods ended August 31, 2021, with quarterly revenue of CA$500,000 ($394,153) up by 81% from the same period year ago. The Vancouver, British Columbia-based company noted that revenue was primarily impacted by the acquisition of Mindspace. 

Q4 Financial Summary 

  • Gross profit of CA$31,818 in Q4 2021, compared to a gross loss of CA$158,222 in Q4 2020;
  • Loss was CA$7.8 million for Q4 2021, which included a CA$1.6 million non-cash goodwill impairment charge related to the acquisition of Mindspace.
  • Cash balance of CA$59.2 …

Full story available on Benzinga.com

More Psychedelics Company Numinus Wellness Q4 Revenue Grows 81% YoY Thanks To Mindscape Acquisition