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The company is preparing to go public on the Canadian Securities Exchange (CSE) this month. Novamind offers ketamine clinics and psychedelics retreats;; and runs clinical trials on existing psychedelic compounds. Novamind CEO and cofounder Yaron Conforti told Business Insider that the company is focused on building out an infrastructure that offers a \"spectrum of services.\" Subscribe to Insider Cannabis;; our weekly cannabis industry newsletter;; for more stories like this.", "slideCount": 20, "companyName": "Novamind", "description": "Psychedelics company Novamind recently announced that it raised 10 million Canadian dollars in a private placement. The company is preparing to go public on the Canadian Securities Exchange (CSE) this month. Novamind offers ketamine clinics and psychedelics retreats;; and runs clinical trials on existing psychedelic compounds. Novamind CEO and cofounder Yaron Conforti told Business Insider that the company is focused on building out an infrastructure that offers a \"spectrum of services.\" Subscribe to Insider Cannabis;; our weekly cannabis industry newsletter;; for more stories like this. As the psychedelics industry grows;; companies are attempting to position themselves as leaders of different verticals within the space. Some are focusing on drug development for regulatory approval;; while others are choosing to build out networks of clinics that will be able to deliver those medications to patients. Still others are attaining licenses to import and distribute substances while a handful are running \"psychedelics retreats\" in jurisdictions where such programs are legal. Novamind;; a Toronto-based company with operations in the US and Europe;; is trying to do a little bit everything. The company is focused on building out an infrastructure that offers a \"spectrum of services;;\" Novamind CEO and cofounder Yaron Conforti told Business Insider. Novamind currently has clinics in Utah that are set up to administer ketamine-based treatments to patients for mental health conditions. The company also says it oversees clinical trials of existing compounds and runs psilocybin retreats in Europe and Central America. Read more: See the pitch deck a psychedelics startup just used to raise $18.6 million to develop new treatments derived from the Sonoran Desert toad Novamind is the latest psychedelics startup looking to list publicly on a Canadian exchange. The company follows in the footsteps of at least a dozen others that have listed publicly in the past few months. Most companies have gone public on Canadian exchanges like the Canadian Securities Exchange (CSE). Compass Pathways;; the only psychedelics company to list on the NASDAQ;; went public in September and currently has a market value of more than $1.7 billion. Compass is developing psilocybin-based medications to treat mental health illnesses. Read more: Oregon made history by becoming the first state to legalize a therapeutic psilocybin program;; but psychedelics companies like ATAI and MindMed say they don't plan to jump in anytime soon Oregon recently became the first state to legalize a regulated psilocybin program;; but Novamind's CEO Yaron Conforti told Business Insider that the company is currently focused on first expanding its operations in Utah;; where it already has clinics and research operations. Yaron Conforti;; cofounder & CEO at Novamind Novamind Read more: A major psychedelics company just landed a record sum of cash from VCs. The CEO told us how he raised the mega-round and why it's a sign psychedelics are going mainstream. Conforti said the expansion of Novamind's clinics will be focused on North America first and added that the company is in \"active discussions\" in Oregon as well as a few other states. Novamind recently raised 10 million Canadian dollars ($7.8 million) in a private placement in preparation to go public. In total;; the company says it's raised around C$15 million. Reid Robison;; Novamind's chief medical officer;; said that the company is setting up the groundwork for when psychedelic medications will be regulated and more widely available. Read more: Investors are pouring millions into startups that are developing magic mushrooms as medications for conditions like depression and PTSD Pointing to different offerings Novamind provides — from its clinics to retreats to trials — Conforti added that \"treating people today is different than proposing to establish infrastructure for the future.\" In other words;; while Novamind is focused on positioning itself for more widely available psychedelic medications down the line;; it is also taking steps to ensure that its business model makes sense today;; that its current patients have access to the treatments that are available today. \"The expectation is when MDMA is legalized;; when psilocybin is a legal prescription;; we will have the infrastructure to bring those treatments online;; but until we can operate in legal jurisdictions with those compounds;; we'll provide the spectrum of services and keep waiting;;\" he continued. This article has been corrected to show that Novamind runs clinical trials on existing compounds. 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(the “Company”) is current as of October 1, 2020, except as otherwise provided herein. It is information in a summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. An investment in the Company is speculative and involves substantial risk and is only suitable for investors that are able to bear the risk of losing their entire investment. All of the information contained in this Presentation is for preliminary discussion purposes only. Final terms and conditions may change without notice and are subject to further discussion and negotiations.\n\nNo representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its affiliates, directors, officers or employees as to the accuracy, completeness or fairness of the information or opinions contained in this Presentation and no responsibility or liability is accepted by any person for such information or opinions. The Company does not undertake or agree to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation that may become apparent. Persons receiving or reviewing this Presentation should not rely upon it as a complete overview of the business of the Company and should rely on their own investigation and due diligence. No person has been authorized to give any information or make any representations other than those contained in this Presentation and, if given and/or made, such information or representations must not be relied upon as having been so authorized. The contents of this Presentation are not to be construed as legal, financial or tax advice. You should consult your tax or legal advisor about the information contained in this Presentation.\n\nCertain statements in this Presentation may constitute forward-looking information within the meaning of applicable securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects,” “believes,” “anticipates,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “plans,” and variations of such words and phrases, or by statements that certain actions, events or results “may,” “will,” “could,” “would,” or “might,” “be taken,” “occur,” or “be achieved.” Certain statements, beliefs and opinions in this Presentation (including those contained in graphs, tables and charts), which reflect the Company’s or, as appropriate, the Company’s managements’ current expectations and projections about future events, constitute forward-looking information. Forward-looking information contained in this Presentation is based on certain assumptions regarding, among other things, expected growth, results of operations, performance, industry trends and growth opportunities. Forward-looking information contained in this Presentation includes, statements in respect of expected developments in the legal framework for psychedelics by the legal and regulatory authorities in Canada, anticipated revenue projections, and the expansion of businesses of the Company’s subsidiaries, Cedar Clinical Research, Inc. and Cedar Psychiatry, Inc. (the “Subsidiaries”). While revenue projections and proposed expansion are based on management’s business plans, assumptions related to the legal framework of psychedelics are based on management’s observation of general trends in society relating to the acceptance of psychedelics in therapeutic treatments, making them harder to quantify and predict than those matters that management may have control or involvement in. While management considers these assumptions to be reasonable, based on information available on the date hereof, they may prove to be incorrect.", "attrs": null, "canon": { "kind": { "name": "Disclaimer", "slug": "disclaimer", "status": "active", "canonId": "91173477-d91f-4024-bbaf-d4f93e3f82dc", "version": 1, "description": "Legal/cautionary text that occupies most of the body of its slide." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 16:36:14.915+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "33279416-c3e8-4559-a19d-8f83ccc603b3", "parentComponentId": null }, { "bbox": { "h": 0.025, "w": 0.085, "x": 0.075, "y": 0.238 }, "kind": "title", "text": "Disclaimer", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 16:36:14.915+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a0e75a98-475c-4a8c-9e8b-77457119a6f3", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 3, "type": "setup", "function": "other", "rawType": "appendix_disclosure", "block": null, "metadata": { "slideType": "appendix_disclosure", "slideTypeCanon": { "name": "Appendix disclosure", "slug": "appendix_disclosure", "status": "active", "canonId": "019de52d-07b2-7549-8e8b-932a19f6e616", "version": 1, "description": null }, "function": "other", "functionCanon": { "name": "Other (fallback)", "slug": "other", "status": "active", "canonId": "019de52d-15e1-75bc-99dc-07732380e2ce", "version": 1, "description": null }, "density": "balanced", "densityScore": 41, "componentCount": 2, "textChars": 3899, "nDataPoints": 0, "notes": null, "elementsJson": [ "paragraph" ], "confidence": 1, "extraction": { "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "at": "2026-05-02 16:36:15.353+00", "seconds": 4.65, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019dd923-5f69-752d-a9b6-8fcc9601f794/3", "deck": "/decks/019dd923-5f69-752d-a9b6-8fcc9601f794", "deckAnchor": "/decks/019dd923-5f69-752d-a9b6-8fcc9601f794#slide-3", "deckJson": "/decks/019dd923-5f69-752d-a9b6-8fcc9601f794.json" }, "components": [ { "bbox": { "h": 0.6, "w": 0.85, "x": 0.075, "y": 0.265 }, "kind": "disclaimer", "text": "By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include: (i) the ability of individuals to access the Company's services through third-party payors; (ii) future legislative and regulatory developments including with respect to the legal treatment of psychedelics; (iii) the Company's ability to implement and fulfill its business strategies (including expansion of the business of the Subsidiaries) in accordance with its business plan; (iv) the willingness and ability of patients to enrol in the Company's programs; (v) the availability of financing and the potential inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; (vi) the Company's ability to retain professionals, including appropriately trained medical personnel, to provide services in connection with its business; (vii) force majeure events;; (viii) general economic conditions; (ix) adverse industry events; (x) marketing costs; (xi) loss of potential markets; (xiii) tax and regulatory matters; and (xiv) competition. The foregoing factors are not intended to be exhaustive. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this Presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.\n\nIn this Presentation, and during the course of discussions related to the evaluation of any prospective investment in the Company (the \"Purpose\"), the Company may disclose certain information which it deems proprietary or confidential, and may include, discoveries, ideas, concepts, know-how, techniques, designs, specifications, drawings, blueprints, diagrams, flow charts, data, costs, prices, marketing plans, goals, sales figures, revenue, profits, and other technical, financial or business information respecting existing or planned product or service offerings, including products and services to be developed or marketed by the Company (the \"Information\"). At all times, Information shall be deemed confidential and proprietary and subject to the restricted use of evaluating the business of the Company for the Purpose and distribution shall be prohibited, other than as provided herein.\n\nThis Presentation includes financial outlook about the Company's projected revenue, which is subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraphs. Revenue estimates contained in this Presentation were made by management and are provided for the purpose of providing readers with an understanding of management's expectations with respect to the potential financial performance of the Company, assuming that certain business objectives and milestones are met. Readers are cautioned that the financial outlook contained in this document should not be used for purposes other than for which it is disclosed herein.\n\nBy your acceptance of this Presentation, if delivered, you and any person reviewing this Presentation agrees not to distribute, copy; reproduce; transmit; make available; or condone any of the foregoing, without the prior written consent of the Company. Any unauthorized use of this Presentation is strictly prohibited. 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