08:12 AM EDT, 05/07/2024 (MT Newswires) -- Numinus Wellness ( NUMIF ) on Tuesday announced a plan that will see the company focus on its U.S. operations and transfer its Canadian mental health clinics to privately-held Field Trip Health.

Numinus has entered into an agreement with the Canadian Centre for Psychedelic Healing, which provides psychedelic-assisted therapy in five Canadian clinics under the Field Trip Health brand. Therapists in Canada who are contracted with Numinus can opt to transition to Field Trip.

Numinus will earn part of the revenue generated from the referral of patients of its existing Canadian business to Field Trip Health. Once the transfer is finished, Numinus clinics in Montreal, Toronto, and Vancouver will be closed. Field Trip Health will acquire certain assets from the three locations and assume the space currently leased for Numinus' clinic in Montreal. At the same time, Numinus will lease space at Field Trip Health's Vancouver clinic to conduct clinical trials.

Numinus and Field Trip Health have also entered into a three-year training and marketing agreement.

The plan is that once the pilot program is complete, Numinus will launch and market a subscription-based model in Canada and the U.S.