Delic suspends Ketamine Wellness Centers operations

Delic Holdings Corp (C:DELC)
Shares Issued 73,126,930
Last Close 3/13/2023 $0.01
Wednesday March 15 2023 - News Release

Mr. Matt Stang reports

DELIC PROVIDES CORPORATE UPDATE

Delic Holdings Corp. has suspended operations at Ketamine Wellness Centers (KWC) as the company continues to evaluate potential strategic initiatives to preserve shareholder value moving forward.

Delic announces the resignation of Kevin Nicholson as chief executive officer and director of Delic and KWC.

Delic and its other business entities remain active, and the parent company continues to expeditiously review strategic alternatives for what remains of the KWC clinic asset, prioritizing the best interest of the shareholders and asset value.

Delic also announces the departure of Paul Rosen as director and Mathew Lee as chief financial officer.

About Delic Holdings Corp.

Delic is a leader in new medicines and treatments for a modern world, improving access to health benefits across the country and reframing the conversation on psychedelics. The company owns and operates an umbrella of related businesses, including the largest chain of psychedelic wellness clinics in the country, Ketamine Wellness Centers; the only licensed entity by Health Canada to focus exclusively on research and development of psilocybin vaporization technology, Delic Labs; the premier psychedelic wellness event, Meet Delic; and trusted media and e-commerce platforms Reality Sandwich and Delic Radio. Delic is backed by a team of industry and cannabis veterans and a diverse network, whose mission is to provide education, research, high-quality products, and better access to effective and affordable treatment options.

We seek Safe Harbor.

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