Mydecine Innovations (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA), a biotechnology company engineering the next wave of innovative medications and treatment protocols to directly address mental health with a particular emphasis on addiction and post-traumatic stress disorder, has closed on its previously announced Common Share Subscription Agreement. According to the announcement, the agreement is with a third-party investor. The original agreement was dated March 10, 2023, with the company filing a shelf prospectus supplement regarding the agreement on April 4, 2023. The closing was on the second issuance under the offering, which resulted in 2,061,855 common shares in the capital of the company being issued. The shares were issued at $0.485 per share with the company seeing gross proceeds of $999,999.68; the company outlined how it anticipates using the shares in the previously filed prospectus supplement.

To view the full press release, visit https://ibn.fm/yWoBO

About Mydecine Innovations Group Inc.

Mydecine Innovations is a biotechnology company developing the next generation of innovative medications and therapies to address mental health disorders such as nicotine addiction and post-traumatic stress disorder (“PTSD”). The core strategy blends advanced technology with an elaborate infrastructure for drug discovery and development. Mydecine’s dedicated multinational team constantly develops new paths for breakthrough treatment solutions in areas with considerable unmet needs. By collaborating with some of the world’s leading specialists, the company aspires to responsibly speed up the development of breakthrough medications to provide patients with safer and more-effective treatment solutions. At the same time, Mydecine’s approach focuses on the next generation of psychedelic medicine by creating innovative compounds with unmatched therapeutic potential through its clinical trial efforts with world-class scientific and regulatory expertise. Based out of Colorado, Mydecine was founded in 2020, and has offices in Canada and the Netherlands.

NOTE TO INVESTORS: The latest news and updates relating to MYCOF are available in the company’s newsroom at https://ibn.fm/MYCOF

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