ATMA Was The First Private Sector Service Provider In Canada Conducting Legal Psychedelic-Assisted Therapy For A Palliative Care Patient Under The Approval Of Health Canada's Section 56(1) Exemption
VANCOUVER, BC, April 8, 2021 /PRNewswire/ - Mind Cure Health Inc. (CSE:MCUR) (OTCQB:MCURF) (FRA: 6MH) (“MINDCURE“ or the “Company“) a leader in advanced proprietary technology for psychedelic therapy, is pleased to announce a further strategic equity investment in ATMA Journey Centers Inc. (“ATMA“). This follow-on investment enables MINDCURE to retain its 13% ownership of ATMA, in accordance with the terms of the letter of intent (the “LOI“) announced on January 12, 2021. Additionally, MINDCURE President and CEO Kelsey Ramsden will be joining the ATMA Board of Directors.
“We are extremely excited to strengthen our partnership with the team at ATMA through this investment. This further solidifies the Company's strategic positionin clinics and partnerships for the deployment of digital therapeutics to drive near-term revenues. ATMA's team is a true pioneer in the psychedelic therapy industry by growing a global network of group and retreat psychedelic therapy clinics,“ said Kelsey Ramsden, President and CEO, MINDCURE. “ATMA's established clinical footprint gives us the opportunity to deploy our iSTRYM technology, with the intended goal to optimize treatment for ATMA's patients and obtain the data we need to build iSTRYM into the platform trusted by therapists and patients around the world.“
iSTRYMis an investigating technology that focuses on patient feedback and data-driven insights into the efficacy of treatments in order to assist in the application of more effective and more efficient diagnosis techniques and treatments. It's a technology that is targeted for both therapists and patients.
As first stated in the LOI on January 12, 2021, MINDCURE's investment into ATMA will facilitate the syndication of Mind Cure's psychedelic drug protocols and the use of MINDCURE's proprietary AI-driven platform, iSTRYM, to optimize treatment for ATMA clients.