Friday, May 30, 2025

Latest

Numinus Wellness: Eight Capital Initiates With $1.10 Price Target

Last week, Eight Capital launched coverage on a basket of psychedelic companies. This comes after they produced an industry primer during the summer months. The fourth company initiated on this note is Numinus Wellness Inc. (TSXV: NUMI), with a C$1.10 12-month price target and buy rating while referring to the firm as “a diversified operator.”

They call Numinus the clear leader among the diversified players in the space as it has a number of different operations.

Eight Capital expects Numinus Wellness to do multiple accretive acquisitions to bolster its leading position. They expect Numinus to do acquisitions for new clinics into new jurisdictions, to which they will “bolt on” higher-margin psychotherapy services.

They also expect that Numinus will leverage its position as a supplier of naturally derived psilocybin and its extraction/purification expertise to develop capsules for human use in clinical trials. This potentially means they will have replacements to alternate forms for the supply of psilocybin.

Eight Capital also believes that Numinus is the perfect commercialization partner for other companies, saying, “we believe Numinus’ differentiated capabilities in developing, testing, and administering psychedelics in a clinical setting render it well-positioned to serve as a commercialization partner that could see its psychedelic-assisted therapy regiment differentiated from the offerings of other PAP clinics.”

Below you can see Eight Capital’s catalysts they are watching.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

Related News

Twitter: Analysts Call For $1.31 Billion In Q2 Revenue

Twitter (NYSE: TWTR) will be reporting its second quarter financial results on July 22 before...

Thursday, July 21, 2022, 05:07:00 PM

Shopify: Analysts Anticipate Q2 Earnings Of $0.07 Per Share

Shopify (NYSE: SHOP) will be reporting its second quarter financial results on July 28 before...

Tuesday, July 27, 2021, 04:31:00 PM

Medipharm Labs Receives Price Target Reduction From Canaccord To $1.75

Yesterday, On November 16th, Medipharm Labs (TSX: LABS) reported their third quarter financial results. Reported...

Tuesday, November 17, 2020, 03:37:00 PM

Village Farms: Analysts Expect Q3 Revenues To Hit US$68.7 Million

Village Farms International (TSX: VFF) announced that they will be reporting their third quarter financials...

Monday, November 8, 2021, 05:17:00 PM

Sundial Growers: Canaccord Raises Price Target To US$0.65

On March 17th, Sundial Growers (NASDAQ: SNDL) reported their fourth quarter and year end financial...

Friday, March 19, 2021, 04:15:00 PM