Delic Holdings Corporation (EM) (DELCF)

Look into these plays instead in this space - $MNMD and $ATAI

Ouch! Down 70% - Clinic Closed!

Vancouver-based Delic Holdings has entered into a merger agreement with Ketamine Wellness Centers Inc. (KWC) to become the largest psychedelic wellness chain in the U.S.
KWC’s chain of 10 ketamine infusion clinics operate across Arizona, Colorado, Florida, Illinois, Minnesota, Nevada, Texas and Washington. Delic is currently operating two ketamine infusion clinics in the U.S. through Ketamine Infusions Centers (KIC). The merger will increase Delic’s presence to include the 10 operating KWC clinics and 15 more to be opened over the next 18 months.
Under the deal, Delic will acquire all members’ interests of KWC through a reverse triangular merger between KWC and a newly organized Delic-owned subsidiary. Delic will issue consideration shares with an aggregate value of US$5 million and another US$5 million in cash to be paid to the members. Further, members are eligible to receive additional consideration shares upon the opening of new clinics.

Ketamine infusions have become an increasingly popular treatment option for chronic diseases and pain disorders. In 2020, KWC generated a revenue of US$3.5 million, trending toward US$4.5 million this year.
According to Matt Stang, Delic co-founder and CEO, "This is a game changer for the future of health and psychedelic wellness in America. We will be able to bring the highest quality and safest treatment options to tens of millions of Americans suffering from a range of pain and mental health conditions.”
Under the merger terms, KWC will add a team of more than 60 medical professionals and employees to Delic. Stang said, “KWC brings a world-class management team to the Delic family with decades of experience in operating clinics and hospitals and have had incredible success in their treatment outcomes for patients. Adding KWC will ensure our existing patients and many more in the future will receive the best medical treatment and care.”
Formed in 2019, Delic owns and operates an umbrella of related businesses, including trusted media and e-commerce platforms like Reality Sandwich and Delic Radio. Last May, Delic merged with Complex Biotech Discovery Ventures, now called DELIC Labs, the only entity licensed by Health Canada to exclusively focus on research and development of psilocybin vaporization technology

Looks like a good long term hold here.

Lots of talk in 21
OTC DISCLOSURE & NEWS SERVICE
Lamar Odom and His Life-Saving Journey with Psychedelics
Press Release | 09/28/2021
/R E P E A T -- Meet Delic Announces Full Event, Speaker & Entertainment Lineup for Two-Day Immersive Edutainment Experience/Press Release | 09/23/2021
Delic Announces C$7.0 Million Private Placement With Institutional InvestorPress Release | 09/23/2021
Meet Delic Announces Full Event, Speaker & Entertainment Lineup for Two-Day Immersive Edutainment ExperiencePress Release | 09/23/2021
Delic to Acquire Ketamine Wellness Centers Inc, Becoming Largest Psychedelic Wellness Chain in United StatesPress Release | 09/20/2021
/R E P E A T -- Chris Ryan PhD., New York Times Best Selling Author, and Featured TED Talk Speaker To Appear At Meet Delic: The World's Premiere Psychedelic and Wellness Event/Press Release | 09/10/2021
Chris Ryan PhD., New York Times Best Selling Author, and Featured TED Talk Speaker To Appear At Meet Delic: The World's Premiere Psychedelic and Wellness EventPress Release | 09/10/2021
Delic Announces Alyson Charles, Shaman and Best-Selling Author to Keynote at The World's Premiere Psychedelic and Wellness Event: Meet Delic, November 6-7, 2021Press Release | 09/01/2021
Delic Announces Medical Advisory Board, Demonstrates Psychedelic Wellness Company's Commitment to SciencePress Release | 08/26/2021
Delic Announces Ben Westhoff, Award-Winning Investigative Reporter Specializing in Fentanyl to Speak at Meet Delic: The World's Premiere Psychedelic and Wellness EventPress Release | 08/24/2021
Delic Announces Laura Dawn, Msc., Host of the Psychedelic Leadership Podcast, Business Consultant & Microdosing Mentor to Appear at Meet Delic: The World's Premiere Psychedelic and Wellness EventPress Release | 08/17/2021
Delic Announces Luke Storey, Transformation Coach and Creator/Host of Thought-Provoking Podcast, The Life Stylist to Speak at Meet Delic: The World's Premiere Psychedelic and Wellness EventPress Release | 08/12/2021
Delic Labs Scientific Advisor Professor Glenn Sammis Receives Full Professorship at University of British ColumbiaPress Release | 08/10/2021
Delic Announces Itefayo Harvey--Drug Reform Advocate and Founder and Board President of the People of Color Psychedelic Collective--to Speak at Meet Delic: The World's Premiere Psychedelic and Wellness EventPress Release | 08/04/2021
Delic Announces Aubrey Marcus, New York Times Best Selling Author and Founder/CEO of ONNIT to speak at Meet Delic: The World's Premiere Psychedelic and Wellness EventPress Release | 07/29/2021
DELIC Labs President and CSO Dr. Markus Roggen to Speak at MJBizConPress Release | 07/27/2021
Meet DELIC, the Premiere Psychedelic and Wellness Edutainment Event and Expo for Newcomers and Veteran Psychonauts, Announces Initial Business Speaker LineupPress Release | 07/22/2021
Leading Psychedelic Wellness Company Delic Completes Acquisition of Ketamine Infusion Centers LLC, Adding Health Clinic Chain to PortfolioPress Release | 07/06/2021
DELIC Labs Announces Partnership Agreement with Agilent TechnologiesPress Release | 06/30/2021
CBDV Rebrands as DELIC Labs, Cementing Its Place in the DELIC EcosystemPress Release | 06/29/2021
Delic Holdings Inc. Announces Meet DELIC, the Premiere Psychedelic and Wellness Edutainment Event and Expo for Newcomers and Veteran Psychonauts, Announces Initial Speaker LineupPress Release | 06/25/2021
Leading Psychedelic Wellness Company Delic Signs Definitive Agreement to Acquire Ketamine Infusion Centers Llc, Bringing Physical Retail Chain to Delic PortfolioPress Release | 06/08/2021
Leading Psychedelic Wellness Platform, Delic, Completes Acquisition of Complex Biotech Discovery Ventures Ltd.Press Release | 05/27/2021
Delic's Acquisition Target, Complex Biotech Discovery Ventures Ltd., Announces Closing of Non-Brokered Private PlacementPress Release | 05/17/2021
Delic's Acquisition Target, Ketamine Infusion Centers, Announces Proposal to Acquire 2 Additional Clinic LocationsPress Release | 05/11/2021
Delic Holdings Inc. Confirms No Material Undisclosed Information and Comments on Recent Promotional ActivitiesPress Release | 05/08/2021
Delic's Acquisition Target, Complex Biotech Discovery Ventures Ltd., Announces Hire of New Lead Chemist, Dr. Eric JanussonPress Release | 04/28/2021
Psychedelic Wellness-Focused Company Delic Holdings Provides First Quarter 2021 Shareholder UpdatePress Release | 04/12/2021
Delic's Acquisition Target, Complex Biotech Discovery Ventures Ltd., Receives First Research Orders Through Online Payment PlatformPress Release | 03/31/2021
NEXT SUPER STOCKS On The Move: E-Sports, Psychedelics, iGaming, and FeelTech - CEO’s of BLITF, ENTEF, HAPBF and DELCF, Positioning for Explosive Revenue GrowthPress Release | 03/25/2021
Delic Holdings, a Psychedelic Wellness-focused Company, Announces Appointment of John Coleman as Vice President of Business DevelopmentPress Release | 03/16/2021
NEXT SUPER STOCKS On The Move: Skylight Health, Reliq Health Tech, Delic Holdings, and Relay MedicalPress Release | 03/11/2021
Psychedelic Wellness-Focused Company Delic Holdings Announces Appointment of Zak Garcia as Chief Marketing OfficerPress Release | 03/11/2021
Psychedelic Wellness-Focused Company, Delic Holdings, Announces Acquisition of HomesteadPress Release | 03/04/2021
Psychedelic Wellness-Focused Company DELIC Holdings Announces Appointment of Kyle Snook to Board of AdvisorsPress Release | 03/02/2021
Psychedelic Wellness-Focused Company, Delic Holdings, to Acquire Complex Biotech Discovery Ventures Ltd.Press Release | 02/25/2021
Psychedelic Wellness-Focused Company Delic Announces Engagement with Wall Street ReporterPress Release | 02/17/2021
Psychedelic Wellness-Focused Company Delic Launches Strategic North American Public Relations & Marketing CampaignPress Release | 02/05/2021
Psychedelic Wellness-Focused Company Delic to Acquire Ketamine Infusion Centers LLCPress Release | 02/04/2021
Delic Corp Announces Appointment of Matt Stang as CEO & Chairman of the Company, Welcomes Gerard Adams to Board of AdvisorsPress Release | 02/01/2021
Psychedelic Wellness-Focused Company Delic Corp Announces U. S. OTCQB Listing on OTC Markets & DTC EligibilityPress Release | 01/20/2021
OTC Markets Group Welcomes New OTCQB Companies – January 19Announcement | 01/19/2021