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Optimi Health completes first MDMA shipment to Israel

Health Care, Market News, Psychedelics
CSE:OPTI
11 June 2024 11:20 (EST)

(Source: Optimi Health)

Optimi Health (CSE:OPTI) recently touted several milestones it had achieved in its international psychedelic supply operations strategy.

The microcap psychedelics manufacturer announced it had completed its first international shipment to Israel of its in-house manufactured MDMA active pharmaceutical ingredient to the Institute for Psychedelic Research at Tel Aviv University.

This was thanks to an export permit granted from Health Canada to help facilitate Optimi’s work to support global psychedelic research and innovation.

“Completing our first International export of MDMA to Israel is an important milestone for the company,” Optimi’s CEO, Bill Ciprick said in a news release. “Now that we have our Drug Establishment Licence, this accomplishment highlights our capability to manufacture MDMA in-house for clients around the world, and efficiently deliver the product to an international client. It also underscores our dedication to expanding the availability of high-quality, controlled substances for important scientific research and therapeutic applications worldwide.”

By obtaining the Canadian Export Reporting System and Canada Border Services Agency exporter authorization I.D., the Vancouver-based company has affirmed its ability to export controlled substances from Canada. This authorization is essential for adhering to international trade regulations and facilitating seamless logistics for future global shipments.

The company also highlighted its drug establishment licence secured from Health Canada earlier this month. It allows the team to produce and distribute its MDMA and psilocybin capsules, and to fabricate active pharmaceutical ingredients extracted from plant sources. Optimi is now recognized by Health Canada as a GMP-compliant pharmaceutical drug manufacturer.

Optimi Health is a Health Canada-licensed psychedelics pharmaceutical manufacturer focused on controlled substances such as botanical psilocybin and MDMA and functional mushrooms that focus on the health and wellness markets.

Optimi Health Corp. stock (CSE:OPTI) opened trading at 0.375 per share. The stock has added 65.22 per cent year-over-year, but remains down 59.57 per cent since inception in 2021.

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(Top image: Optimi Health)


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