VANCOUVER, BC — July 27, 2023 — Optimi Health Corp. (CSE: OPTI) (OTCQX: OPTHF) (FRA: 8BN) (“Optimi” or the “Company”) has received a termination notice and demand for payment pursuant to a definitive supply agreement (the “Supply Agreement”) with a private entity focused on developing mushroom-based therapeutics.
For further details of the Supply Agreement, see the Company’s press release dated May 4, 2023, a copy of which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
While the counterparty claims that Optimi has failed to perform its obligations under the Supply Agreement, the Company disputes all such allegations and maintains the position that the termination is wrongful and that there was no breach of the Supply Agreement. The Company is evaluating available legal remedies and damages with respect to the counterparty’s actions.
For more information, please contact Michael Kydd at: