Company, NUMIF, Up 90.34% In
Three Weeks, Amid Huge Revenue
Growth In Q1 2023 Report.
Numinus Wellness, Inc., (OTCQX:NUMIF) closed up 30.82% today at $0.2173 in an explosive continuation of what has been a three week uptrend from an open at $.1170 on 12/29/22 to todays high at $0.2227. The total run from that low to high amounted to a gain of as much as 90.34% within that period of time. The bulk of this growth came as a result of investors reaction to bullish results for Q1 2023.
This Is What Numinus Wellness, Inc., Does:
As per the companies profile on OTC Markets, Numinus Wellness develops and delivers “innovative mental health care and access to safe, evidence-based psychedelic-assisted therapies. The Numinus model – including psychedelic production, research and clinic care – is at the forefront of a transformation aimed at healing rather than managing symptoms for depression, anxiety, trauma, pain and substance use.”
Numinus, works toward the integration of psychedelic-assisted therapies into mainstream clinical practice.
Early Announcement Of Upcoming Q1 2023 Conference Call Re-Energized NUMIF Investors:
On 1/4/23 Numinus Wellness, Inc., released news announcing that the company would be hoisting a Q1 2023 results conference call on 1/16/23 for the quarter ended on November 30th 2022. The news update also mentioned that the filing for that quarter would be released after market on 1/16/23.
Results For The Quarter Ended November 30th 2022 Were Impressive:
NUMIF released powerful Q1 2023 results showing that the company saw its Q1 revenues grow 618% over the same quarter in the like prior year, to $5.7 million. The company also reported that it saw gross profit of $2.4 million in Q1 2023 vs. $1.1 million in Q1 of 2022 and also ended Q1 2023 with a powerful cash position of $26.4 million. The companies large cash position opens up numerous avenues to further growth.
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