Optimi Health Awarded Drug Establishment Licence From Health Canada

VANCOUVER, BC, June 3, 2024 /PRNewswire/ - Optimi Health Corp. (CSE: OPTI) (OTCQX: OPTHF) (FRA: 8BN) ("Optimi" or the "Company"), a leading Health Canada-licensed psychedelics pharmaceutical manufacturer specializing in controlled substances such as botanical psilocybin and MDMA, is pleased to announce that it has been awarded a Drug Establishment Licence (DEL) from Health Canada for the manufacturing and sale of its MDMA and psilocybin capsules. This milestone designation affirms a compliant rating for Good Manufacturing Practices (GMP), enabling the Company to supply MDMA and psilocybin capsules to patients with PTSD and Treatment-Resistant Depression under Australia's Authorised Prescriber Scheme, and to regulated jurisdictions globally pending export documentation from Health Canada.

Key Highlights:

A Message from The Board of Optimi:

Dear Shareholders,

Obtaining a Drug Establishment Licence (DEL) from Health Canada is a significant milestone in our efforts to build a robust, GMP-compliant company capable of supplying MDMA and psilocybin capsules to regulated markets. This licence, a requirement set forth by Health Canada, now allows us to ship both MDMA and psilocybin capsules as treatment options to Australia to help patients suffering from PTSD and Treatment-Resistant Depression.

It has been imperative for us to deliver on our promise to build the necessary infrastructure, obtain the required licenses, and develop our business to be ready to participate in the global psychedelics market. Optimi possesses capabilities that very few companies in the world have-the ability to commercialize our pharmaceutical-grade psychedelics, starting with Australia.

On a global scale, with the acquisition of the DEL, Optimi can now provide comprehensive GMP psychedelic drug solutions for worldwide drug commercialization, covering manufacturing, export, and distribution. This achievement firmly establishes Optimi as the leader in the rapidly growing psychedelic supply market.

As a shareholder in Optimi, you have helped us bring two drugs to a prescription market for patient use imminently. We believe this licence has tremendous value going forward as markets around the world open, and we thank you for your continued support and confidence in our vision.

Everyone at Optimi looks forward to sharing more successes with you as we advance our mission to be a global leader in psychedelics.

Thank you,

On Behalf of the Board of Directors

JJ WilsonChairman of the Board

Optimi Health Corp. is a leading Health Canada licensed psychedelics pharmaceutical manufacturer, specializing in controlled substances such as psilocybin and MDMA, as well as functional mushrooms that focus on the health and wellness markets. Built with the purpose of producing scalable psychedelic formulations for transformational human experiences, the Company's goal is to be the number one trusted, compassionate supplier of safe drug candidates throughout the world. Optimi's products are grown and manufactured at its two facilities comprising a total of 20,000 square feet in Princeton, British Columbia.

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to Optimi's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result," "are expected to," "expects," "will continue," "is anticipated," "anticipates," "believes," "estimated," "intends," "plans," "forecast," "projection," "strategy," "objective," and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. forward-looking statements made in this news release include the proposed use of the proceeds of the Offering. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.