Numinus Wellness Inc. Engages Venture Liquidity Providers and Mackie Research for Market Making Services

Published: June 29, 2020

Numinus Wellness Inc. Engages Venture Liquidity Providers and Mackie Research for Market Making Services

Numinus Wellness Inc., an integrated health care company, has retained Venture Liquidity Providers Inc. (VLP) and Mackie Research Capital Corporation (MRCC) to provide market-making services in accordance with TSX Venture Exchange policies. VLP and Mackie will trade shares of the Company on the TSX-V for the purposes of maintaining an orderly market and improving the liquidity of the Company’s shares.

In consideration of the services provided by VLP, the Company will pay a monthly fee of $5,000. The agreement will continue for a period of twelve months with automatic renewal of twelve month terms and may be terminated immediately at any time upon written notice by either party.

In consideration of the services provided by MRCC, the Company will pay a monthly fee of $5,000 paid quarterly in advance. The agreement will continue in effect unless terminated by either party with no less than thirty days’notice. The agreement is principally for the purposes of maintaining market stability and liquidity for the Shares and is not a formal market making agreement.

Neither VLP nor MRCC will receive any shares or options as compensation pursuant to the agreements; however, either party and their clients may have or may acquire a direct interest in the securities of the Company.

VLP is a Specialized Consulting Firm based in Toronto providing a variety of services focused on Exchange listed stocks. VLP’s exclusive Market Making Service is provided by W.D. Latimer Co. Limited, Canada’s premier Market Making Firm.

Mackie is one of Canada’s largest independent full service investment firms, and proudly traces its roots back to 1921.  Mackie is privately owned by many of its 300 employees. As a fully integrated national investment dealer, Mackie offers a full complement of capital markets and wealth management services to private clients, institutions and growth companies. Numinus is a Vancouver-based health care company helping to support the universal desire to heal and be well.

Through its wholly-owned subsidiary Salvation Botanicals, Numinus has a Health Canada cannabis testing licence that allows the Company to test and analyze cannabis products from licensed producers.  For more information, visit www.numinus.ca.