Numinus Wellness Inc. Reports Q1 2023 Results
VANCOUVER, BC, Jan. 16, 2023 /PRNewswire/ - Numinus Wellness Inc. ("Numinus" or the "Company") (TSX: NUMI) (OTCQX: NUMIF), a mental health care company advancing innovative treatments and safe, evidence-based psychedelic-assisted therapies, today announced its financial results for the three months ended November 30, 2022 ("Q1 2023").
- VANCOUVER, BC, Jan. 16, 2023 /PRNewswire/ - Numinus Wellness Inc. ("Numinus" or the "Company") (TSX: NUMI) (OTCQX: NUMIF), a mental health care company advancing innovative treatments and safe, evidence-based psychedelic-assisted therapies, today announced its financial results for the three months ended November 30, 2022 ("Q1 2023").
- Gross margin grew to 41.9% during Q1 2023 compared to 6.5% in Q1 2022.
- At the end of Q1 2023, Numinus had 138 practitioners providing client treatments through its wellness clinics and virtual services, a 13.1% increase from the beginning of the quarter.
- Q1 2023 gross margin at CCR was 70.9%, an increase of 590 basis points compared to prior quarter.