Mydecine Innovations Group Inc. (OTC: MYCOF) (CSE: MYCO) is pleased to announce that it has signed a definitive share exchange agreement with Mindleap Health Inc. (Mindleap) for the acquisition of a 100% interest in MindLeaps Digital Telehealth Platform focused on the emerging psychedelics industry.

Pursuant to the share exchange agreement, Mydecine will acquire 100% of the issued and outstanding shares of Mindleap in exchange for: (i) 6,363,636 common shares in the capital of the Company, and (ii) the binding commitment to advance CAD$500,000in working capital to Mindleap upon closing of the transaction and an additional CAD$500,000on or beforeSeptember 1, 2020. Certain principals of Mindleap will be subject to resale restrictions on the sale of the Mydecine shares for the periods ending 4, 12, 18, and 24 months from closing. Closing of the acquisition is subject to the receipt by Mindleap of the signatures of all of its shareholders on the share exchange agreement.

Mental health has been a big issue and is a major focus for the Mydecine Group of companies. Currently the World Health Organization estimates that there are more than450 million peoplesuffer from mental health disorders worldwide placing mental disorders among the leading causes of ill-health and disability worldwide. The US has the highest prevalence of mental health disorders in the world with27 percent of adults, yet only41 percentof the people who had a mental disorder in the past year received professional health care or other mental health services due to convenience and cost associated.

Mydecine Director and CEO,Josh Bartch, stated: This acquisition brings Mydecine an elite team drawn from tech, mental health, and science, paired with innovative technology with a strong USP and large addressable market. The scalability of the platform means high potential return on investment especially given Mindleaps 1stmover advantage in the rapidly emerging psychedelic medicine sector.

Mindleap is focused on making a considerable difference in peoples lives by improving access to mental health services and providing more personalized and effective treatments utilizing the latest technology. The Mindleap Platform upon launch will provide:

The team of mental health professionals that led the product design at Mindleap comprise of four PHDs including leading neuroscientists, psychotherapists, and clinical psychologists. Mindleaps CTOSimon Abou-Antounhas 10+ years of technical leadership, managing large projects and developing custom solutions for companies including Amazon, Scotia Bank and Fiat Chrysler. Simon commented: We have gathered a strong team with different sets of skills ranging from software developers, UX/UI designers and IOS and Android experts. Our full stack, frontend, backend, Cloud and QA specialists are currently focused on ensuring all requirements are met so we can launch Mindleap by the end of summer.

Mindleaps founder and CEONikolai Vassevbrings a unique skillset to the company as he has proven experience driving top line software licensing and SAAS revenue into some of the largest organizations in the world. During his career he has sold millions of dollars worth of cybersecurity and data analytics solutions and understands the intricacies of successfully implementing software solutions that are bringing value to customers, partners, and end users. Nikolai will be representing Mindleap and Mydecine at the Investing in Psychedelics event put together by the Canadian Securities Exchange, and CFN Media along with other industry executives and experts. You can register to attend for freehereand can tune in onJune 17starting at12:00pm PDT.

Nikolai Vassev, Mindleap Founder and CEO commented: The intense anxiety and fear that many people are feeling has led to social instabilities as the virus crisis and economic collapse continues to worsen and compound already existing problems. Mindleaps platform is set to launch in a few short months and will provide much needed support to those people suffering from depression, addiction and other mental health issues.

Mindleap is currently accepting applications from mental health provides. If you are interested in applying to be a specialist or getting on the wait list to use the platform, you can sign up here:https://mindleap.health/contact

About Mydecine Innovations Group

Mydecine Innovations Group is a life sciences company focused on the development and commercialization of products and services that contribute to improving overall health and wellbeing. The companys mission is to create a healthier world through advanced technologies, natural products, and psychedelic derived medicines. Mydecine Innovations Group owns a group of trailblazing companies that are focused on helping millions of people live better lives and our portfolio includes:

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