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Wednesday, 11/02/2022 7:19:36 AM

Wednesday, November 02, 2022 7:19:36 AM

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“Irwin Naturals Inc. (OTC: IWINF) has signed a binding agreement to acquire Naples clinic Dura Medical LLC offering ketamine infusion therapy as a treatment option for mental health disorders.

The facility, which specializes in providing therapy for treatment-resistant mental health disorders, will be incorporated into Irwin Naturals Emergence, the company's national chain of psychedelic mental healthcare facilities which already includes five clinics in Florida.

CEO Klee Irwin said this constitutes another step toward the company's goal of being the first to build the biggest chain of psychedelic mental-healthcare clinics in the US.

Stephen Durand is a certified registered nurse anesthesiologist (CRNA) specializing in obstetric anesthesia, where he gained experience using ketamine for surgical pain. He later underwent training in the use of ketamine for treating mental health as well as pain disorders, and finally founded Dura Medical in 2018 along with his wife and registered nurse, Liz.

'We've been very selective, targeting clinics that provide quality customer care while also prioritizing financial health, and Stephen, Liz and their team have built a practice that is exceptional in both regards. We're so excited they have accepted our invitation to join the family as Irwin Naturals pushes toward the front of this incredibly exciting frontier in mental healthcare,' Irwin said.

Dura Medical's founder shared the enthusiasm. 'We built this clinic out of a belief that these treatments would help people who were suffering in our community. Our desire has been to increase awareness and access to novel, safe and effective ways of treating mental health disorders. We are excited to be joining the Irwin Naturals Emergence team because we truly believe we are going to be able to help more people get well and stay well."

Irwin Naturals expects that the national network model will result in efficiencies and cost-benefits of economies of scale.

Irwin CEO's recent general statement on psychedelic-assisted therapies is compelling: 'We see ourselves as both an ambassador and a pioneer. We are nationally known brand having safely cared for the health of our customers for almost 30 years now, and our presence in this fast-emerging sector of mental healthcare speaks to the effectiveness and safety of these life-changing treatments. We send a message simply by being in the space.'

Photo courtesy of Andrea Piacquadio on Pexels and DanielTahar on Wikimedia Commons.

© 2022 Benzinga does not provide investment advice. All rights reserved.”

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