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Optimi Health Secures Final CAD $1,000,000 Tranche for Debt Financing

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Optimi Health Corp. Secures CAD$1 Million Debt Financing Agreement for Drug Research and Formulation

Optimi Health Corp., a Canadian drug research and formulation company licensed by Health Canada, has entered into a non-dilutive Debt Financing Agreement (DFA) and General Security Agreement (GSA) with a total loan amount of CAD$1,000,000. The loan, provided by an arm's length party, is secured against the company's assets and will bear interest at a rate of 7.5% per annum. The loan maturity date is set for April 30, 2025, with the option for the company to repay the loan at any time, subject to a prepayment fee.

Warrants and Consideration

As part of the agreement, Optimi Health has granted 100,000 common share purchase warrants (Warrants) to the lender. These Warrants allow the purchase of common shares in the company and are exercisable for a period of three years from the date of issuance at a price of $0.50.

About Optimi Health Corp.

Optimi Health Corp. is a Canadian-based drug researcher and formulator licensed by Health Canada. The company specializes in producing and supplying psychedelic substances such as MDMA and high-quality, GMP-grade natural psilocybin, as well as functional mushrooms for the health and wellness markets. With two facilities totaling 20,000 square feet in Princeton, British Columbia, Optimi Health is the largest producer of psilocybin and MDMA in North America. In conclusion, Optimi Health Corp.'s non-dilutive Debt Financing Agreement provides the company with additional capital to support its drug research and formulation efforts. The secured loan and the issuance of common share purchase warrants demonstrate the company's commitment to advancing its operations and expanding its presence in the psychedelic substances market.

A New Era in Psychedelic Substance Research: Optimi Health Corp's Financial Boost

The recent CAD$1 million Debt Financing Agreement secured by Optimi Health Corp. could potentially revolutionize the psychedelic substances market. As a new business in the field of drug research and formulation, Optimi Health Corp.'s financial boost is a testament to the growing confidence in the potential of psychedelic substances in health and wellness markets.

Implications for New Businesses

This financial agreement could set a precedent for other new businesses in the industry, signaling that there is significant financial backing available for those venturing into the research and formulation of psychedelic substances. The DFA and GSA, which are non-dilutive and secured against the company's assets, provide a viable model for financing that minimizes dilution of ownership.

Strategic Use of Warrants

The granting of common share purchase warrants as part of the agreement is a strategic move that could incentivize the lender to further support the company. This could be a game-changer for new businesses looking to secure financing while also building long-term relationships with their lenders.
In conclusion, Optimi Health Corp.'s financial agreement could have far-reaching implications for new businesses in the psychedelic substances market. By securing significant funding and demonstrating a strategic approach to building relationships with lenders, Optimi Health Corp. is paving the way for the growth and expansion of this emerging industry.
Story First Published at: https://financialpost.com/globe-newswire/optimi-health-announces-third-and-final-tranche-of-cad-1000000-secured-for-debt-financing
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